Seller's Agent in 2024
Ken Wu
Compass
(415) 825-3085
1 in this area
8 Total Sales
1106 4th Ave Oakland, CA 94606
Merritt Neighborhood
--
Bed
--
Bath
5,563
Sq Ft
4,000
Sq Ft Lot Lot
Highlights
- Corner Lot
- Double Pane Windows
- Carpet
- No HOA
- Cooling Available
- 5-minute walk to Clinton Park
About This Home
As of July 20241106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property provides great cash flow day 1 even with rents 41% below market. This provides investors room to grow rents to a pro forma cap rate of 11.30% or a 6.3 GRM. The thriving Oakland community experiences a growing demand for quality housing, positioning this property as a valuable assets in a market poised for expansion. Seize the moment at 1106 4th Ave and elevate your investment portfolio.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1912
Lot Details
- 4,000 Sq Ft Lot
- Corner Lot
Parking
- On-Street Parking
Home Design
- Vinyl Siding
Interior Spaces
- Double Pane Windows
Flooring
- Carpet
- Vinyl
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
- 5,563 Sq Ft Building
- Bridge Aor Association
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Off Market | $900,000 | -- | -- |
| 07/05/2024 07/05/24 | Sold | $900,000 | -2.7% | $162 / Sq Ft |
| 05/27/2024 05/27/24 | Pending | -- | -- | -- |
| 05/13/2024 05/13/24 | For Sale | $925,000 | -- | $166 / Sq Ft |
Source: bridgeMLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,114 | $897,000 | $300,000 | $597,000 |
| 2024 | $15,114 | $769,011 | $225,753 | $543,258 |
| 2023 | $15,584 | $753,933 | $221,327 | $532,606 |
| 2022 | $14,783 | $739,155 | $216,989 | $522,166 |
| 2021 | $13,544 | $724,663 | $212,734 | $511,929 |
| 2020 | $13,419 | $720,266 | $210,554 | $509,712 |
| 2019 | $12,531 | $706,510 | $206,427 | $500,083 |
| 2018 | $12,260 | $692,422 | $202,380 | $490,042 |
| 2017 | $11,609 | $678,905 | $198,412 | $480,493 |
| 2016 | $11,274 | $665,656 | $194,523 | $471,133 |
| 2015 | $11,207 | $655,706 | $191,602 | $464,104 |
| 2014 | $11,716 | $642,921 | $187,848 | $455,073 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Wu
-
Willem Bos
Seller Co-Listing Agent in 2024
Willem Bos
(916) 698-9954
1 in this area
25 Total Sales
-
David R. Valva
Buyer's Agent in 2024
David R. Valva
(510) 399-4870
1 in this area
16 Total Sales
Map
Source: bridgeMLS
MLS Number: 41059511
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Bay East 2026. CCAR 2026. bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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