Property Overview:
This is a fixer-upper single-family home in the Eastmont neighborhood of Oakland, CA. The home is currently configured as a 2-bedroom, 1-bath but has potential to be converted to 3 bedrooms and 2 baths. It offers 1,308 sq. ft. of living space on a 4,791 sq. ft. lot. The property is being sold as-is and is ideal for flippers, investors, or contractors looking for a project with strong upside potential. After repair value (ARV) is estimated between $650,000 and $700,000 based on comparable sales.
Neighborhood Highlights:
- Location:
- Situated in the Eastmont neighborhood of Oakland.
- Centrally located near I-580 and I-880, with easy access to shops, markets, restaurants, schools, and public transportation.
- School Districts:
- Oakland Unified School District for both elementary and high school.
- Commuter Access:
- Close to major freeways and public transit options.
Property Features:
- Configuration:
- Currently 2 bedrooms, 1 bath; possible to convert to 3 bedrooms, 2 baths.
- Open floor plan for flexible living and entertaining.
- Size:
- 1,308 sq. ft. home on a 4,791 sq. ft. lot.
- Interior:
- Living room fireplace (stone, wood burning).
- Breakfast bar and nook in kitchen.
- Laundry area with 220V outlet.
- Systems:
- No central cooling; heating via fireplace, gas, wall furnace.
- Flat, tar/gravel roof; raised foundation.
- Parking:
- No garage; gated backyard access for RV/boat/extra parking.
- Style:
- Bungalow, Flat, Spanish architectural elements.
- Utilities:
- Public sewer and water.
- Zoning:
- R1 (single-family residential).
Investment Potential:
- Ideal for flippers, investors, and contractors seeking a diamond in the rough.
- Sweat equity could yield significant returns, with ARV between $650k–$700k.
- All renovation materials currently in the house can be included in the sale.
- Positive cash flow potential as a rental or resale.
- Buyer’s brokerage compensation: 2.5%.
Recent Renovation Example (for comparison):
- Complete remodels in the area feature:
- All-new electrical, plumbing, insulation, roof, windows, and HVAC.
- High-end finishes: Hansgrohe fixtures, quartz countertops, soft-close cabinets.
- Modern curb appeal: New stucco, low-maintenance landscaping, stamped concrete driveway.
- Permitted work by licensed contractors.
- Easy access to BART, freeways, schools, and parks.
Location Benefits:
- Central Oakland location with easy freeway and transit access.
- Minutes to BART and downtown Oakland/San Francisco.
- Close to schools, parks, shopping, and dining.
- Strong rental and resale demand in a thriving neighborhood.