NOT LISTED FOR SALE

Estimated Value: $1,017,000 - $1,096,281

8 Beds
4 Baths
3,136 Sq Ft
$341/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $1,149,000 $366 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $7,147/month

6 Days on Market

Highlights

  • Wood Flooring
  • Coin Laundry
  • Back Yard
  • Stone Countertops
  • Security Fence

About This Home

As of August 2023

Welcome to your investment property! Featuring four identical units w/ 2 beds, 1 bath, & 780 sq ft of living space each, offering ample space and comfort to tenants. Recently refreshed & renovated, this property gleams w/ a fresh and inviting ambiance, ensuring that both current and future occupants will enjoy a pleasant living experience. Security and convenience are prioritized here, as the property is fully gated, providing a sense of safety and privacy to all residents. Each unit also comes w/ the added advantage of having its own 1-car garage, while additional parking space is available in the driveway, ensuring hassle-free parking for all occupants. Currently, two of the units are occupied by reliable tenants, assuring immediate rental income. One unit is, owner-occupied, demonstrating the property's desirability for both investors and owner-occupiers alike. Lastly, one unit remains vacant, offering an opportunity for you to maximize the potential of this investment. Situated in a highly accessible location, merely minutes away from Highland Hospital, making it highly appealing to healthcare professionals and employees seeking nearby housing. Commuters will also find it convenient, being just mins away from freeway 580. Do not miss this opportunity!

Last Agent to Sell the Property

Cruz & Barreto Group

Kinetic Real Estate License #70010241 Listed on: 07/19/2023

Last Buyer's Agent

Meriam Gebregiorges

Keller Williams Realty License #02159279

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,312

Year Built

  • 1960

Lot Details

  • 5,001 Sq Ft Lot
  • Security Fence
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Electric Oven
  • Stone Countertops

Flooring

  • Wood
  • Tile

Utilities

  • Vented Exhaust Fan
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $42,456

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 2 Leased Units
  • Gross Income $40,333

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,312

Year Built

1960

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-50
  • Subclass: Fourplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3136
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Countertop - Stone, Exhaust Fan, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3136
  • Stories: 2
  • Security: Security Fence
  • Laundry: Coin Operated
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Crawl Space
  • Yard/Grounds: Back Yard, Fenced

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Parking Area

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Oakland Unified

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 27.08
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters
  • Income Annual Gross: 40333.00
  • Income Annual Rental: 42456
  • Income Gross Scheduled: 42456
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2023
Closed on
Aug 15, 2023
Sold by
Liu Jenny and Kwan Sui Fun
Bought by
Kaleab Michael
Seller's Agent
Cruz & Barreto Group
Kinetic Real Estate
Buyer's Agent
Meriam Gebregiorges
Keller Williams Realty
List Price
$1,149,000
Sold Price
$1,149,000
Views
15
Current Estimated Value
$1,026,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$122,357
Avg. Annual Appreciation
-1.49%
Original Mortgage
$919,200
Outstanding Balance
$903,145
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$212,414

Purchase Details

Closed on
Dec 28, 2022
Sold by
Kwan Siu Ching
Bought by
Kwan Sui Fun

Purchase Details

Closed on
May 8, 2008
Sold by
Liu Guang Da
Bought by
Liu Jenny

Purchase Details

Closed on
Oct 15, 2001
Sold by
Liu Jenny and Kwan Sui Fun
Bought by
Liu Guang Da and Liu Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,500
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 3, 1994
Sold by
Kwan Sui Kan
Bought by
Kwan Jenny S
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kaleab Michael $1,149,000 Chicago Title
Kwan Sui Fun -- --
Liu Jenny -- None Available
Liu Guang Da -- Old Republic Title Company
Kwan Jenny S -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaleab Michael $919,200
Previous Owner Liu Guang Da $168,150
Previous Owner Liu Jenny $176,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2023 08/23/23 Sold $1,149,000 -0.1% $366 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
07/19/2023 07/19/23 Price Changed $1,149,888 +0.1% $367 / Sq Ft
07/19/2023 07/19/23 For Sale $1,149,000 -- $366 / Sq Ft
Source: MLSListings

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 $18,312 $1,171,980 $351,594 $820,386
2024 $18,312 $1,149,000 $344,700 $804,300
2023 $9,580 $434,998 $130,499 $304,499
2022 $9,059 $419,470 $127,941 $298,529
2021 $8,252 $411,108 $125,432 $292,676
2020 $8,150 $413,823 $124,147 $289,676
2019 $7,576 $405,710 $121,713 $283,997
2018 $7,414 $397,757 $119,327 $278,430
2017 $7,009 $389,958 $116,987 $272,971
2016 $6,756 $382,313 $114,694 $267,619
2015 $6,713 $376,571 $112,971 $263,600
2014 $7,010 $369,196 $110,759 $258,437
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81935424

MLSListings

APN: 022-0379-011-00