988 Franklin Street 1111, Oakland, California 94607, Oakland, 94607 - 2 bed, 2 bath
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Oakland, California 94607
This remodeled condominium represents a High-Potential Investment Opportunity, listed at $560,000—positioned well above the $492,181 Fair Market Value by -13%. While the list price exceeds current valuation, the unit features a Condition Rating of 3 with modern kitchen upgrades and a prime location in the heart of Chinatown. Residents enjoy high-rise amenities, including a roof garden and proximity to BART. This property is best suited for Buy-and-Hold Investors or urban professionals prioritizing walkability and transit access.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 988 Franklin Street 1111 Subject | $560,000* List Price | 2 | 2 | 898 | $548 | - |
A 555 10th Street 201 Sold | $560,000 | 2 | 2 | 906 | $618 | 0.3 mi |
B 655 655 12th Street 120 Sold | $535,000 | 2 | 2 | 1,037 | $516 | 0.4 mi |
C 555 10th St 113 Sold | $520,000 | 3 | 2 | 1,136 | $458 | 0.3 mi |
D 226 2nd St G2 Sold | $400,000 | 1 | 1 | 897 | $446 | 0.5 mi |
E 222 Broadway 1204 Sold | $700,000 | 2 | 2 | 1,028 | $681 | 0.4 mi |
F 288 3rd St 406 Sold | $400,000 | 1 | 1 | 866 | $462 | 0.4 mi |
G 988 Franklin St 601 Active | $425,000 List Price | 2 | 2 | 750 | $567 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1993 (31 years old), the unit has undergone a recent cosmetic remodel including new stainless steel kitchen appliances, updated stone countertops, and new wide-plank flooring. It is move-in ready and well-maintained, fitting the criteria for a property with a 5-15 year old refresh.
Situated in the heart of Chinatown with immediate access to BART, restaurants, and essential services, offering exceptional walkability and convenience for urban dwellers.
The unit features a fresh remodel with new kitchen appliances and large windows that provide abundant natural light throughout the spacious living areas.
Residents benefit from a secure building with garage parking, a roof garden, and an HOA fee that covers major utilities including hot and cold water.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =98000, other record lot size in square feet = 98093.
At $895 per month, the association fee is relatively high for a sub-900 square foot unit, which may impact monthly affordability and buyer interest.
The current list price of $560,000 is substantially lower than the 2020 sale price of $648,000, indicating a notable decline in the property's market value over recent years.
Beautiful remodeled big 2bed 2bath condo with new kitchen appliances located in the heart of Chinatown. Spacious and bright living room with elegant double curtains! Built in 1993 high raise building with elevators, big windows make this unit very bright! Security building with one garage parking. Near BART, same building has bank, restaurants, library, and health center. Big roof garden. Laundry room is in the same floor. HOA fee includes cold and hot water, garbage, security and building insurance, etc.... Open house on Saturday and Sunday June 6, 7, 13 and 14 at 11:00am-4:00pm.
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 | 898 | 906 | 49% |
| Lot Size | 98,000 | 19,986 | 89% |
| Price | $560.0K | $400.0K | 74% |
| Price per sq ft | $624 | $447 | 91% |
| Built year | 1993 | 2006 | 34% |
| HOA | $895.0 | $640 | 79% |
| Days on market | 23 | 142 | 4% |
May 14, 2026
$560,000
Initial Listing
Jan 3, 2020
$648,000
Public Record
Sep 13, 1994
$183,000
Public Record