989 989 Webster St 450, Oakland, California 94607, Oakland, 94607 - 2 bed, 2 bath
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Oakland, California 94607
This Below Market Rate (BMR) Urban Condo is a Strong Value Opportunity, listed at $325,000—positioned well below the $332,320 Fair Market Value by 2%. This valuation gap provides $7,320 in Instant Equity for qualified purchasers. The residence maintains a Well-Maintained Condition Rating with functional original finishes and features a perfect Walk Score of 100. Located in the secure Pacific Renaissance Plaza near top-rated Lincoln Elementary, the property offers 24/7 security and gated parking. This is an ideal entry-level asset for first-time buyers or Owner-Occupants seeking an affordable urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 989 989 Webster St 450 Subject | $325,000* List Price | 2 | 2 | 821 | $405 | - |
A 988 Franklin St 523 Sold | $379,000 | 2 | 2 | 866 | $438 | 0.0 mi |
B 988 Franklin St 713 Sold | $398,000 | 2 | 2 | 872 | $456 | 0.0 mi |
C 988 Franklin St 525 Sold | $375,000 | 2 | 2 | 871 | $431 | 0.0 mi |
D 988 Franklin 328 Sold | $234,500 | 1 | 1 | 676 | $347 | 0.0 mi |
E 330 8th St 4h Sold | $285,000 | 2 | 1 | 829 | $344 | 0.1 mi |
F 988 Franklin 609 Sold | $260,000 | 1 | 1 | 615 | $423 | 0.0 mi |
G 675 675 8th Street 15 Active | $399,000 List Price | 2 | 2 | 849 | $470 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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.
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 | 51% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 821 | 956 | 25% |
| Lot Size | 98,093 | 15,021 | 89% |
| Price | $325.0K | $405.2K | 21% |
| Price per sq ft | $396 | $442 | 26% |
| Built year | 1993 | 2006 | 28% |
| HOA | $916.0 | $623 | 88% |
| Days on market | 56 | 201 | 9% |
Feb 25, 2026
$325,000
Initial Listing
Mar 25, 2016
$330,000
Public Record
May 19, 2010
$299,000
Public Record
Dec 19, 2007
$4,000,000
Public Record