989 989 Webster St 450, Oakland, California 94607, Oakland, 94607 - 2 bed, 2 bath
989 989 Webster St 450
Oakland, California 94607
Property Price
SUMMARY
Analysis of 989 989 Webster St 450, Oakland, California 94607 is currently available with a list price of $325,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1993, the property is well-maintained and move-in ready but shows its age with mostly original finishes. The kitchen features dated white appliances and laminate cabinetry, and the bathrooms reflect standard 1990s construction. While functional and clean, the unit lacks modern updates to flooring, fixtures, and appliances, fitting the criteria for a property over 20 years old with regular upkeep but no major recent renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Walkability
Boasting a perfect Walk Score of 100, this property is centrally located in the heart of Oakland Chinatown with immediate access to BART stations, diverse dining, and essential services.
- Enhanced Security and Amenities
The residence offers a secure living environment with 24/7 on-site security, gated assigned parking, and a peaceful landscaped courtyard, which is a premium for urban condo living.
- Competitive Entry-Level Pricing
At a list price of $325,000 for a 2-bedroom, 2-bathroom unit, this condo represents a highly accessible price point for homeownership in a high-demand Bay Area location.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $916 per month is significantly high relative to the unit size and price, which may impact the debt-to-income ratio for prospective buyers.
- BMR Ownership Restrictions
As a Below Market Rate (BMR) unit, the property is subject to strict income eligibility requirements and resale price restrictions, limiting both the buyer pool and long-term investment appreciation.
About 989 989 Webster St 450
Beautiful 2-bedroom, 2-bath courtyard-facing BMR (Below Market Rate) condo located in the heart of Oakland Chinatown at the desirable Pacific Renaissance Plaza. Easy access to restaurants, shops, health services, banks, library, and community center. Convenient to public transportation, 12th Street and Lake Merritt BART stations, Hwy I-880 & I-980, and a perfect Walk Score of 100! Close to Lake Merritt, Jack London Square, and Madison and Lincoln parks. The unit includes 1 assigned, gated parking space, a landscaped courtyard, and 24/7 security.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- 98,093 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $916.0 / Month
Neighborhood Insights
Oakland Unified Schools
Lincoln Elementary School
Grades K-5 • 0.2 mi
Westlake Middle School
Grades 6-8 • 1.1 mi
Oakland Technical High School
Grades 9-12 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 821 | 894 | 25% |
| Lot Size | 98,093 | 9,942 | 87% |
| Price | $325.0K | $400.0K | 23% |
| Price per sq ft | $396 | $436 | 23% |
| Built year | 1993 | 2007 | 30% |
| HOA | $916.0 | $629 | 89% |
| Days on market | 10 | 179 | 2% |
Pricing History
Listed for Sale
Feb 25, 2026
$325,000
Initial Listing
Sold
Mar 25, 2016
$330,000
Public Record
Sold
May 19, 2010
$299,000
Public Record
Sold
Dec 19, 2007
$4,000,000
Public Record