989 Franklin Street 307, Oakland, California 94607, Oakland, 94607 - 1 bed, 1 bath
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Oakland, California 94607
This condo represents a High-Potential Investment Opportunity, listed at a List Price of $288,000—positioned well below the $259,692 Fair Market Value by -10%. While the property is in Fair Condition Rating, it features modern upgrades like Granite Countertops and an In-Unit Washer/Dryer. Located in the heart of Chinatown with excellent transit access, this unit offers a strategic entry point for Buy-and-Hold Investors or first-time buyers seeking an affordable, walkable urban lifestyle in a high-demand district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 989 Franklin Street 307 Subject | $288,000* List Price | 1 | 1 | 533 | $487 | - |
A 989 Franklin St 621 Sold | $265,000 | 1 | 1 | 524 | $506 | 0.0 mi |
B 200 2nd St 309 Sold | $270,000 | 1 | 1 | 577 | $468 | 0.5 mi |
C 988 Franklin Street 710 Sold | $280,000 | 1 | 1 | 563 | $497 | 0.1 mi |
D 989 Franklin St 523 Sold | $270,000 | 1 | 1 | 571 | $473 | - |
E 801 801 Franklin 1119 Sold | $285,000 | 1 | 1 | 585 | $487 | 0.1 mi |
F 801 Franklin St 819 Sold | $240,000 | 1 | 1 | 585 | $410 | 0.1 mi |
G 625 Madison St 107 Active | $299,000 List Price | 1 | 1 | 616 | $485 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 22 years old (relative to the 2026 listing date), placing it in the 'Fair' category. While the description mentions granite countertops and modern lights, the core systems and finishes are over 20 years old and likely dated, typically requiring minor repairs or updates to meet current market standards.
Situated in the heart of Chinatown, this property offers exceptional walkability to diverse restaurants, markets, medical facilities, and major transit hubs including BART and bus lines.
Listed at $288,000, the property is priced significantly below its 2016 sale price of $378,000, offering a rare and affordable entry point into the Oakland real estate market.
The condo features contemporary upgrades including granite countertops, modern lighting, and the highly desirable convenience of an in-unit washer and dryer.
At just 533 square feet, the living space is quite compact, which may pose challenges for furniture arrangement and long-term storage needs.
While the local elementary school is highly rated, the assigned middle and some high schools in the district have significantly lower ratings, which may affect appeal for growing families.
Nice condo in the heart of Chinatown. Close to Restaurant, hospital, markets, subways/BART and bus stops! Elevator, courtyard and roof deck in this building. Laundry washer and dryer are in the unit, modern lights, granite counter tops and board floors! Lower HOA fee is only $495 includes 1 parking space! Open house on Sunday July 26 at 11:00pm-4:00pm.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 533 | 1,032 |
| Lot Size | - | 17,988 |
| Price | $288.0K | $523.2K |
| Price per sq ft | $540 | $487 |
| Built year | 2004 | 1975 |
| HOA | $530.0 | $730 |
| Days on market | 11 | 53 |
Jul 11, 2026
$288,000
Initial Listing
Nov 17, 2016
$378,000
Public Record
Mar 1, 2005
$294,000
Public Record