3118 63rd Ave, Oakland, California 94605, Oakland, 94605 - 3 bed, 2 bath

3118 63rd Ave, Oakland, California 94605 home-pic-0
ACTIVE$679,000
3118 63rd Ave, Oakland, California 94605
3Beds
2Baths
1,240Sqft
6,664Lot
Year Built
1920
Close
-
List price
$679K
Original List price
$800K
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
41102747
Home ConditionGood
Features
Deck
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $679.0K(39th), sqft - 1240(34th), beds - 3(50th), baths - 2(50th).

This unique property features two homes on a single lot, offering versatile living arrangements and excellent income potential. The main house is a spacious, single-level residence with 3 bedrooms and 1.5 bathrooms. It includes a comfortable living room with a functional wood-burning fireplace, a separate dining area, and a well-appointed kitchen boasting granite countertops. Main bedroom generously sized.This home is equipped with modern conveniences such as double-pane windows for energy efficiency, a brand-new roof, and a central heating system controlled via Wi-Fi for personalized comfort. All plumbing utilizes durable copper pipes, and the electrical system has been upgraded with a brand-new subcontractor box to ensure safety and reliability. Brand new deck; Garage has been thoughtfully converted into two separate studio apartments, perfect for generating extra rental income or accommodating extended family members, such as young adults seeking independent living while staying close. This property is ideal for large families or investors looking for a multi-functional home with income possibilities.

Price History

Date
Event
Price
09/16/25
Price Change
$679,000
06/25/25
Listing
$799,999
Condition Rating
Good

Despite being built in 1920, the property benefits from extensive recent functional upgrades including a brand-new roof, upgraded electrical system, copper plumbing, double-pane windows, and a Wi-Fi controlled central heating system. The kitchen features granite countertops and stainless steel appliances, making it functional, though the cabinet style and mosaic backsplash appear dated. Popcorn ceilings are present. While the core systems are robust and recently updated, the overall aesthetic, particularly in the kitchen and living areas, is not fully modern, preventing an 'Excellent' rating. The property is move-in ready with no immediate major renovations required, aligning with a 'Good' condition.
Pros & Cons

Pros

Exceptional Income/Multi-Generational Potential: The property features two homes on one lot, including a main house and two garage-converted studio apartments, offering significant rental income opportunities or flexible multi-generational living arrangements.
Extensive Recent Upgrades: Key components like a brand-new roof, upgraded electrical system with a new subcontractor box, new deck, and durable copper plumbing provide enhanced reliability and reduced immediate maintenance concerns.
Modern Comforts & Efficiency: The main house benefits from double-pane windows for energy efficiency and a Wi-Fi controlled central heating system, contributing to comfort and lower utility costs.
Functional Main House Layout: The main residence offers a comfortable living room with a wood-burning fireplace, a separate dining area, a well-appointed kitchen with granite countertops, and a generously sized main bedroom.
Investor-Friendly Configuration: The distinct separation of living spaces into three units (main house + two studios) makes this property highly attractive to investors seeking multiple revenue streams.

Cons

Historic Property Age: Built in 1920, the property's age, despite recent upgrades, may present potential for hidden structural or systemic issues typical of century-old homes.
Significant Price Reduction: A substantial price drop from the original list price of $799,999 to $679,000 could signal an initial overvaluation or challenges in attracting buyers at a higher price point.
Potentially Limited Square Footage: The listed 1240 sqft for a property comprising a 3-bedroom main house and two additional studio apartments appears unusually compact, potentially indicating smaller-than-average living spaces or that the listed area does not include all units.

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