988 Franklin St 601, Oakland, California 94607, Oakland, 94607 - 2 bed, 2 bath
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Oakland, California 94607
This Urban Condominium is listed at $450,000, reflecting the enduring desirability of its Prime Urban Location compared to the $371,512 Fair Market Value. The unit maintains a Fair Condition Rating, offering a functional layout complemented by a City Skyline View. Its premier value driver is the immediate proximity to the highly-rated Lincoln Elementary School (8/10) and unparalleled access to Chinatown’s transit and markets. This residence is a strategic acquisition for first-time buyers or Owner-Occupants seeking a high-walkability lifestyle in a stable community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 988 Franklin St 601 Subject | $425,000* List Price | 2 | 2 | 750 | $488 | - |
A 428 Alice St 336 Sold | $385,000 | 1 | 1 | 783 | $492 | 0.3 mi |
B 428 Alice St #304 Sold | $375,000 | 1 | 1 | 757 | $495 | 0.3 mi |
C 655 655 12th Street 120 Sold | $535,000 | 2 | 2 | 1,037 | $516 | 0.4 mi |
D 675 675 8th Street 15 Active | $399,000 List Price | 2 | 2 | 849 | $470 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993, this property is well-maintained but shows significant signs of age. The kitchen features dated white appliances, laminate countertops, and original-style cabinetry. While the living area has updated hard-surface flooring, the bathrooms and overall fixtures are outdated and have not undergone a comprehensive modern renovation in the last 15 years, fitting the criteria for a fair condition score.
Situated in the heart of Oakland Chinatown, the property offers unparalleled walkability to diverse dining, grocery stores, banks, and a weekly Farmer's Market, ensuring a vibrant lifestyle.
The unit is located just 0.24 miles from Lincoln Elementary School, a highly-rated (8/10) institution, providing significant long-term value for families with young children.
With immediate freeway access and close proximity to major public transportation hubs, this location provides a seamless and efficient commute throughout the Bay Area.
The monthly HOA fee of $845 is substantial for a property at this price point, which may impact overall affordability and the buyer's debt-to-income ratio.
At 750 square feet for a two-bedroom, two-bathroom configuration, the interior space is relatively small, which may limit furniture options and storage for residents.
Conveniently located in Oakland Chinatown, lots of restaurants, grocery stores, banks, doctor's offices, public transportation. Easy freeway access. Farmer's Market on Fridays.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 55% |
| Baths | 2.0 | 1.0 | 51% |
| Square foot | 750 | 906 | 21% |
| Lot Size | 98,093 | 19,986 | 89% |
| Price | $425.0K | $400.0K | 53% |
| Price per sq ft | $567 | $447 | 81% |
| Built year | 1993 | 2006 | 34% |
| HOA | $845.0 | $640 | 70% |
| Days on market | 86 | 143 | 19% |
Apr 26, 2026
$425,000
$438,500
-3% Price Drop
Initial Listing
Apr 2, 2026
$438,500
$450,000
-3% Price Drop
Initial Listing
Mar 13, 2026
$450,000
Initial Listing
Dec 6, 2024
$440,000
Public Record
Jun 29, 1995
$150,000
Public Record