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245 Oakland Ave, Oakland, California 94611, Oakland, - bed, bath

home-pic
ACTIVE$999,000
245 Oakland Ave, Oakland, California 94611
0Bed
0Bath
Sqft
2,730Lot
Year Built
1910
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41114245
Home ConditionExcellent
Features
Good View:
Deck
Patio
View-

About this home

Alright, let's cut to the chase. You want to live in Oakland, but you'd rather not sell a kidney to pay your mortgage? I get it, and I'm the answer to your woes! You can call me your 'golden ticket to the house-hacking big leagues.' That's right! Get ready to have your tenants pay your mortgage! Your new life? You can live in one of my stellar units while the other two generate a line down the block of renters, begging for a spot this close to Lake Merritt, Piedmont Ave, Whole Foods, BART, downtown, the 580 freeway. Owning me is basically a cheat code for the good life. 3/1 up top, street level is a 2/1 and the lower 2/1 is perfect for an owners unit or short-term rental. Inside, all three levels are dressed to impress. Think fresh paint, chic floors, and kitchens with luxurious stone counters. The outdoor deck has views of the city along with a HUGE shared backyard and plenty of street parking. Look, this isn't just about building equity; it's about building a smarter life. If you’re ready to make the best move of your career, I'm right here. But don't sleep on it, properties with this much to offer don't stay single for long. Make me all yours today!

Nearby schools

2/10
Piedmont Avenue Elementary School
Public,•K-5•1.0mi
8/10
Lincoln Elementary School
Public,•K-5•1.3mi
1/10
Lafayette Elementary School
Public,•2-5•1.5mi
2/10
Westlake Middle School
Public,•6-8•0.2mi
7/10
Oakland Technical High School
Public,•9-12•1.1mi
2/10
Oakland International High School
Public,•9-12•1.2mi
2/10
Fremont High
Public,•9-12•3.9mi

Price History

Date
Event
Price
10/09/25
Listing
$999,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (5 Listings)
Beds00
Baths00
Square foot00
Lot Size2,7303,885
50%
Price$999K$1.1M
50%
Price per square foot$0$0
Built year19109590962
33%
HOA
Days on market27166
17%
Condition Rating
Excellent
Despite being built in 1910, this property has undergone extensive, high-quality renovations that appear to be very recent, likely within the last 5 years. The kitchens feature modern shaker-style cabinetry, luxurious stone countertops, and stainless steel appliances. Bathrooms are updated with contemporary vanities, new tiling, and stylish fixtures, including a well-maintained clawfoot tub. The property boasts fresh paint, chic flooring (a mix of well-preserved original hardwood and new wood-look/tile), and modern light fixtures throughout, presenting a virtually new and move-in ready condition.
Pros & Cons

Pros

Strong Income Potential: Explicitly marketed for 'house-hacking' with three distinct units (3/1, 2/1, 2/1), offering significant rental income to offset mortgage costs and build equity.
Exceptional Location: Prime location with close proximity to Lake Merritt, Piedmont Ave, Whole Foods, BART, downtown, and the 580 freeway, providing excellent access to amenities, transportation, and urban conveniences.
Modernized Interiors: Recent updates across all three levels, including fresh paint, chic floors, and kitchens with luxurious stone counters, ensure a move-in ready condition and high appeal to potential tenants.
Desirable Outdoor Amenities: Features an outdoor deck with city views and a large shared backyard, offering valuable recreational and entertainment space in an urban environment.
Ample Street Parking: The availability of 'plenty of street parking' is a notable advantage in a dense urban area like Oakland, enhancing convenience for residents and tenants.

Cons

Property Age & Potential Deferred Maintenance: Built in 1910, the property, despite cosmetic updates, may have underlying infrastructure (plumbing, electrical, foundation) that could require significant investment or maintenance in the future.
Lack of Dedicated Off-Street Parking: While street parking is mentioned as 'plenty,' the absence of dedicated off-street parking (garage, driveway) for a multi-unit property can be a significant inconvenience and a competitive disadvantage for tenants.
Discrepancy in Unit Count/Legal Status: The description implies three distinct units suitable for rental, but the property is listed as a 'Duplex.' This raises concerns about the legal permitting and zoning of the third unit, potentially impacting rental income and future compliance.

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