August 2024 - Greater Bay Area - Market Update

August Market Update

As the summer season begins to wind down, the real estate market remains dynamic. August often signals a shift as families prepare for the school year, which can influence buying and selling patterns. This summer has been particularly intersting as many people are seeking travel experiences rather than spending money at home.

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San Francisco Market Data

1425 LAKESIDE DR 109
OAKLAND

2  bedrooms 2bathrooms1,141sqft

$674,000

Seize this rare opportunity to live around a lake with this well-maintained 2 BR, 2 BA condominium, situated in a classic mid-century modern building across the street from beautiful Lake Merritt. Located on the first floor, the 1200 sf unit features an open concept floor plan with an entire wall of sliding glass doors that provide a bright, sunny living space and a large outdoor patio adjacent to the pool. The two bedrooms are spacious: the primary bedroom features an ensuite bathroom, while the second bedroom includes a built-in Murphy bed for use as a guestroom, studio, or office. The larger main bathroom has a tub/shower and beautiful San Giorgio tile floor. The kitchen is equipped with a smooth glass top electric range for easy cleaning and extra counter space, a built-in microwave, dishwasher, and eating area. The spacious living and dining rooms, combined with the large patio space, are perfect for entertaining. Featuring include three large double-door closets, a pantry, a parking space in a secure garage, and a laundry room adjacent to the unit. Situated in the historic Lakeside District near the Chinatown, Jack London Square, the Grand Lake Farmers' Market, major theaters, Laney College, Whole Foods, cafes, bars, restaurants, gyms, and access to BART and freeways.

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2525 CHURCH ST
OAKLAND

2  bedrooms 1bathroom861sqft

$459,000

Discover this unique, two-bedroom, one-bathroom home with a massive backyard with new fencing that’s just waiting to be transformed into your very own urban oasis. This updated, hidden gem combines timeless charm with a thoroughly renovated kitchen with new countertops, new appliances, new flooring, and all of the amenities. Step inside and discover a unique blend of character and sophistication with the inviting floorplan which boasts stunning period details, custom built-ins, original hardwood floors, and abundant natural light. The updated bathroom features new fixtures, new tile, and new flooring. This lovely home is topped off with a new garage door and a new driveway. Commuting and running errands is made simple as the home is located in proximity to transit as well as schools and the shops and restaurants of the bustling Bancroft business district. Sewer compliant!! Open Saturday, 1 pm to 3 pm

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1432 12TH ST
OAKLAND

6  bedrooms 4bathroom1,18sqft

$939,000

This recently renovated, West Oakland duplex boasts a full three bedrooms and two baths in each unit. An outstanding opportunity for an owner occupant or for an investor offering spacious living quarters with a touch of old-world charm. Featuring original architectural details, ample natural light, new kitchens and bathrooms and a convenient location, this property is perfect for those seeking both character and modern comfort. Upgrades include: completely rebuilt front steps, new washer/dryer, new stove, refinished tub, new shower/tub tile, new light fixtures, new kitchen countertops, new dishwasher, new shower door installed, new dehumidifiers installed with continuous drainage to outside, new exterior foundation slab waterproofing added, installation of drought tolerant patio and trees), new steel privacy door/gate, new wooden gate. EV car charger and Sewer compliant! Offering memorandum available by request.

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5729 BUENA VISTA AVE
OAKLAND

1 bedroom 2bathroom900sqft

$1,050,000

This stunning 1+bed, 2 bath cottage in one of Oakland's most desirable neighborhoods is a serene retreat nestled in the beauty of the hills. Newly constructed in 2002, this architectural gem features exposed beam ceilings, abundant natural light, radiant, heated tile floors throughout, off-street parking, and an additional room and bathroom below with a separate entrance. Perfect for relaxation and for entertaining, the entryway features French doors which open into a private, sun-filled courtyard. Once inside, soak in the extraordinary design elements of this contemporary masterpiece. The gourmet kitchen features a clever use of space in order to offer plenty of cabinet space for even the most discerning chefs. A true oasis, the upstairs bathroom features marble tile throughout, updated fixtures, and radiant tile floors. The primary bedroom is endowed with impeccable natural wood design elements and lovely verdant views of downtown Oakland/San Francisco Bay. Find yourself in nature as directly outside of the bedroom a lovely yard reveals itself. Enjoy access to excellent public/private schools, and proximity to Claremont Country Club, Temescal Regional Recreation Area, and numerous other local and regional parks. Savor the Rockridge, Piedmont, and Elmwood nightlife/shopping.

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Fractional Ownership Opportunity

3028 Colby St Deal Highlights:

• Cash generator with 6% CAP from day 1 with fully occupied student housing multifamily
• Investor able to get 8% - 9% COC annually based on current rent data
• With rent raise upside, investor able to have higher return and appreciation potential immediately without any effort of renovation
• Contact Tia for details