$1,175,000
SOLD JAN 13, 2025

127 E 16th St Oakland, CA 94606

Merritt Neighborhood
7 Beds
3 Baths
3,516 Sq Ft
4,500 Sq Ft Lot

Recently Sold

$334 Per Sq Ft

7% Above List Price

47 Days on Market

Highlights

  • Chain Of Lake Views
  • No HOA
  • Cooling Available
  • Wood Flooring
  • Fireplace
  • 2-minute walk to Pittman Green

About This Home

As of January 2025

To access the marketing package, copy/paste: Oakland’s 127 E 16th Street is a 3,516 sq. ft. triplex divided into three, unique floor plans: 2BR/1.5BA, a 2BR/2BA, and a 3BR/1BA. In addition to being recently renovated, all three units come with high ceilings and large windows that allow natural light to pour in. Do note that two of the units will be delivered vacant, making this investment opportunity particularly desirable for buyers who want to own and occupy. Onsite laundry is included with this property, as is off-street parking, which is difficult to come by in the area. Geographically, the property sits at the southern end of Lake Merritt, one block from Pitman Green, six blocks from Peralta Park, and about eight blocks for Laney College. More importantly, 127 E 16th Street is around the corner from both Walgreens and Lucky, and less than a mile from the nearest BART station (Lake Merritt) and freeway (I-880). For buyers valuing convenience, comfort, and clean living, this is an opportunity that can’t be taken for granted.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 09/20/2024

Keller Williams Realty

Last Buyer's Agent

Natella Belicheva

Alpha Group Realty License #01367249

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 4,500 Sq Ft Lot
  • Garden

Home Design

  • Triplex
  • Frame Construction
  • Composition Shingle Roof
  • Wood Siding
  • Shingle Siding
  • Asphalt

Interior Spaces

  • Fireplace
  • Chain Of Lake Views

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Cooling Available
  • Zoned Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 201813

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Year Built: 1907
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Directions: South on Lakeshore, left on E 16th
  • Garage Yn: No
  • remarks11: TRANSPARENT PRICING. Unit 125-A (2Bd) and Unit 127 (3Bd) are vacant; schedule a showing via Calendly scheduling link. Unit 125-B (2Bd) is tenant-occupied and can be shown via private tour. Contact Joey at joeywang@kw.com to schedule a tour or with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7 Offers are due on Tuesday, October 8th, by noon.
  • remarks22: Joey Wang - 510-592-4244 - To access the marketing package, copy/paste: https://bit.ly/joeywanglistingsOakland’s 127 E 16th Street is a 3,516 sq. ft. triplex divided into three, unique floor plans: 2BR/1.5BA, a 2BR/2BA, and a 3BR/1BA. In addition to being recently renovated, all three units come with high ceilings and large windows that allow natural light to pour in. Do note that two of the units will be delivered vacant, making this investment opportunity particularly desirable for buyers who want to own and occupy. Onsite laundry is included with this property, as is off-street parking, which is difficult to come by in the area. Geographically, the property sits at the southern end of Lake Merritt, one block from Pitman Green, six blocks from Peralta Park, and about eight blocks for Laney College. More importantly, 127 E 16th Street is around the corner from both Walgreens and Lucky, and less than a mile from the nearest BART station (Lake Merritt) and freeway (I-880). For buyers valuing convenience, comfort, and clean living, this is an opportunity that can’t be taken for granted.
  • Special Features: None

Interior Features

  • Flooring: Hardwood Flrs Throughout, Laminate
  • Appliances: Dryer, Washer
  • Total Bedrooms: 7

Exterior Features

  • Roof: Composition Shingles
  • Lot Features: Garden
  • View: Lake
  • Construction Type: Frame, Wood Siding, Asphalt, Shingles

Garage/Parking

  • Parking Features: Off Street, Parking Lot, Space Per Unit - 1, On Street, Uncovered Park Spaces 2+, Street Parking

Utilities

  • Heating: Zoned, Fireplace(s)
  • Laundry Features: Dryer, In Unit, Washer, Washer/Dryer Hookups, Washer/Dryer Stacked Incl
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 4500
  • Parcel Number: 201813

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Jan 10, 2025
Sold by
Peper Mark and Peper Dave
Bought by
Yu Jason Yue
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Natella Belicheva
Alpha Group Realty
List Price
$1,100,000
Sold Price
$1,175,000
Premium/Discount to List
$75,000
6.82%
Views
33
Current Estimated Value
$1,161,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,098
Avg. Annual Appreciation
-1.24%
Original Mortgage
$940,000
Outstanding Balance
$933,473
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$228,429

Purchase Details

Closed on
Aug 1, 2012
Sold by
Peper Peggy
Bought by
Peper Mark and Peper Dave

Purchase Details

Closed on
Jul 18, 2000
Sold by
Mah Fred and Mah Lana C
Bought by
Peper Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
8.16%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $1,175,000 Fidelity National Title Compan
Interfamily Deed Transfer -- None Available
Individual Deed $380,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $940,000 New Conventional
Previous Owner $304,000 Balloon
Closed $38,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,250,000 -- --
01/13/2025 01/13/25 Sold $1,175,000 -6.0% $334 / Sq Ft
11/06/2024 11/06/24 Pending -- -- --
10/22/2024 10/22/24 Price Changed $1,250,000 +13.6% $356 / Sq Ft
09/20/2024 09/20/24 For Sale $1,100,000 -- $313 / 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 $12,971 $799,799 $171,767 $628,032
2024 $12,971 $784,118 $168,399 $615,719
2023 $13,540 $768,747 $165,098 $603,649
2022 $13,049 $753,676 $161,861 $591,815
2021 $12,558 $738,900 $158,688 $580,212
2020 $12,295 $731,325 $157,061 $574,264
2019 $11,606 $716,989 $153,982 $563,007
2018 $11,363 $702,933 $150,963 $551,970
2017 $10,876 $689,153 $148,003 $541,150
2016 $10,453 $675,644 $145,102 $530,542
2015 $10,848 $665,501 $142,924 $522,577
2014 $11,200 $652,468 $140,125 $512,343
Source: Public Records

Agents Affiliated with this Home

  • Joey Wang

    Seller's Agent in 2025

    Joey Wang

    Keller Williams Realty

    (510) 592-5554

    2 in this area

    144 Total Sales

    Joey Wang
    Section Image
  • Natella Belicheva

    Buyer's Agent in 2025

    Natella Belicheva

    Alpha Group Realty

    (510) 708-5097

    1 in this area

    22 Total Sales

    Natella Belicheva
    Section Image
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Map

Source: bridgeMLS

MLS Number: 41073855

bridgeMLS

APN: 020-0181-003-00

California Alameda County Oakland 94606 Merritt

127 E 16th St, Oakland, CA

Sold

MultiFamily

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.

bridgeMLS Bay East 2025. CCAR 2025. bridgeMLS 2025. 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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