NOT LISTED FOR SALE

Estimated Value: $732,000 - $1,340,000

6 Beds
4 Baths
4,380 Sq Ft
$223/Sq Ft Est. Value

Last Sold January 09, 2024

Last sale price $950,000 $217 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,144/month

503 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • No HOA
  • 0.12 Acre Lot
  • Corner Lot
  • 1-minute walk to Vantage Point Park

About This Home

As of January 2024

Split into three 1BR/1BA, and one 3+BR/1BA (which is 1,958 square feet all on its own and shall be delivered vacant)—this is 1200 13th Avenue. Located in Oakland’s East Peralta neighborhood, this lucrative investment opportunity is surrounded by an array of popular destinations including Lake Merritt, the Oakland Estuary, Alameda Island, and Laney College. Any number of amenities are easily walkable or bikeable, including Lake Merritt BART, Fruitvale BART, Clinton Park, and any number of bars, restaurants, and mom + pop retailers. With all units rented, this property will potentially generate significant income of $10,100 per month. Additional points of note include the property’s parking pad, sizable backyard, and ADU potential for an investor with vision. The asking price is a modest $825K for this fantastic investment with major long-term upside.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 06/20/2022

Keller Williams Realty

Last Buyer's Agent

Otha Johnson Jr.

Re/max Gold License #01791202

Re/max Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,752

Year Built

  • Built in 1910

Lot Details

  • 5,088 Sq Ft Lot
  • Corner Lot
  • Garden
  • Back Yard Fenced

Parking

  • Carport

Property Views

  • Bay
  • Hills

Home Design

  • Quadruplex
  • Frame Construction
  • Wood Siding

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Shed

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 4,380 Sq Ft Building
  • Bridge Aor Association

Listing and Financial Details

  • Assessor Parcel Number 2011610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,752

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Directions: E 12th St right to 13th Ave
  • Carport Y N: Yes
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile, Vinyl, Carpet
  • Basement: None
  • Appliances: Dryer, Washer, Gas Water Heater
  • Total Bedrooms: 6

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Corner Lot, Garden, Landscape Front, Landscape Back
  • View: Bay, Hills
  • View: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Back Yard, Garden/Play, Garden
  • Other Structures: Shed(s)

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport, Covered

Utilities

  • Heating: Floor Furnace, Natural Gas
  • Utilities: Individual Electric Meter, Individual Gas Meter
  • Cooling: No Air Conditioning
  • Laundry Features: Common Area, Dryer, Washer
  • Security: Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5088
  • Parcel Number: 2011610
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 4060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Dec 27, 2023
Sold by
Philip And Nancy Chu Living Trust
Bought by
Ball James W and Brown Harold Kenneth
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Otha Johnson Jr.
Re/max Gold
List Price
$825,000
Sold Price
$950,000
Premium/Discount to List
$125,000
15.15%
Views
85
Current Estimated Value
$1,009,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,000
Avg. Annual Appreciation
3.84%
Original Mortgage
$965,675
Interest Rate
7.29%
Mortgage Type
VA

Purchase Details

Closed on
Apr 20, 2009
Sold by
Chu Philip K Y and Chu Nancy S L
Bought by
Chu Philip K Y and Chu Nancy S L

Purchase Details

Closed on
Nov 25, 1998
Sold by
Kremer Charles and Kremer Naomie
Bought by
Chu Philip K Y and Chu Nancy S L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,125
Interest Rate
6.84%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ball James W $950,000 Stewart Title Of California
Chu Philip K Y -- None Available
Chu Philip K Y $237,500 Placer Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ball James W $979,800
Closed Ball James W $965,675
Previous Owner Chu Philip K Y $200,000
Previous Owner Chu Philip K Y $178,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $950,000 -- --
01/09/2024 01/09/24 Sold $950,000 0.0% $217 / Sq Ft
11/06/2023 11/06/23 Price Changed $950,000 +15.2% $217 / Sq Ft
11/05/2023 11/05/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $825,000 0.0% $188 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
11/23/2022 11/23/22 Price Changed $825,000 -17.5% $188 / Sq Ft
08/30/2022 08/30/22 Price Changed $1,000,000 -20.0% $228 / Sq Ft
06/20/2022 06/20/22 For Sale $1,250,000 -- $285 / Sq Ft
Source: bridgeMLS

Tax History Compared to Growth

Source: Public Records

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 $7,752 $962,000 $290,700 $678,300
2024 $7,752 $365,010 $70,235 $294,775
2023 $8,151 $357,854 $68,858 $288,996
2022 $7,747 $350,838 $67,508 $283,330
2021 $6,959 $343,961 $66,185 $277,776
2020 $6,873 $340,434 $65,506 $274,928
2019 $6,325 $333,760 $64,222 $269,538
2018 $6,193 $327,217 $62,963 $264,254
2017 $5,917 $320,802 $61,729 $259,073
2016 $5,686 $314,513 $60,519 $253,994
2015 $5,648 $309,790 $59,610 $250,180
2014 $5,651 $303,721 $58,442 $245,279
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 40998402

bridgeMLS

APN: 020-0116-010-00