NOT LISTED FOR SALE
5 Beds
-- Bath
6,052 Sq Ft
1,750 Sq Ft Lot

Sale Details

Date Sold: September 1, 2021

Last sale price $2,200,000 $364 Per Sq Ft

20 Days on Market

Highlights

  • Corner Lot
  • 4-minute walk to Lake Merritt Station
  • Zero Lot Line
  • Lincoln Elementary School Rated 9+
  • No HOA
  • 4-minute walk to Lincoln Square Park

About This Home

As of September 2021

150 11th Street is an 8-unit value-add apartment building located in Downtown Oakland, just 3 blocks from Lake Merritt BART Station & 3 blocks from Lake Merritt. This 6,052 SF, 1907 vintage asset is comprised of a unit mix of 1 X 1-bed, 1-bath unit & 7 X 2-bed, 1-bath units. There is an opportunity to make upgrades to units and achieve market rents. The property has also recently been repainted & a new fire alarm system has been installed. The property has solid in-place rents and there is potential to stabilize the asset & generate fantastic cash flow in a core Downtown Oakland location. The property features a 97 Walk Score, a 89 Bike Score and a 88 Transit Score and has been designated as a Walker's Paradise, Very Bikeable & has Excellent Transit per WalkScore.com. The Property is surrounded by eclectic mix of dining, shopping and entertainment options in Downtown Oakland, Old Oakland, Uptown Oakland, & Jack London Square.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #DRE #01490046 Listed on: 06/03/2021

Co-Listed By

Zachary Greenwood

Cushman & Wakefield License #DRE #01960296

Last Buyer's Agent

Timothy Warren

NAI Northern California License #02008347

NAI Northern California

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 1,750 Sq Ft Lot
  • Corner Lot
  • Zero Lot Line

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 6,052 Sq Ft Home
  • 4-Story Property
  • Fire and Smoke Detector

Kitchen

  • Built-In Electric Oven
  • Free-Standing Electric Oven
  • Free-Standing Electric Range

Utilities

  • Heating System Uses Gas
  • Wall Furnace
  • Separate Meters
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 002-0081-005

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Coin Laundry

Building Details

  • 2 Leased Units
  • 6 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

1,750 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Property Condition: Varies By Unit
  • Accessibility Features: See Remarks
  • Levels: Four
  • Stories: 4
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Built-in Electric Oven, Electric Cook Top, Free Standing Electric Oven, Free Standing Electric Range, Free Standing Refrigerator, Gas Water Heater, Varies By Unit, See Remarks
  • Flooring: Simulated Wood, Varies By Unit, See Remarks
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 363.52
  • Square Footage: 6052
  • Window Features: See Remarks

Exterior Features

  • Construction Materials: Frame, Stucco, Wood, See Remarks
  • Foundation: Slab
  • Roof: Composition, Flat, See Remarks

Garage/Parking

  • Parking Features: Street, None

Utilities

  • Cooling: Other
  • Heating: Electric, Gas, Varies By Unit, Wall Furnace, See Remarks
  • Security Features: Fire Alarm, Fire Extinguisher, Secured Access, See Remarks
  • Sewer: Public Sewer, See Remarks
  • Water Source: Public, See Remarks

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 002-0081-005
  • Lot Features: Corner, Curb(s), Curbs/Gutters, Shape Regular, Zero Lot Line
  • Lot Size Acres: 0.0402
  • Lot Size Sq Ft: 1750
  • Lot Size Units: SqFt
  • Price Per Acre: 54726368.16
  • Zoning: D-LM-4

Rental Info

  • Tenant Pays: Electricity
  • Units Furnished: None

Building Info

  • Number of Units Total: 8

Multi Family

  • Number Of Units Vacant: 6
  • Gross Rent Multiplier: 11.19
  • Number Of2 Bedrooms Occupied: 2
  • Number Of Units Leased: 2
  • Separate Meters: Common Area Meter, Electricity, See Remarks

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Aug 25, 2021
Sold by
Bought by
Seller's Agent
Keith Manson
Cushman & Wakefield
Buyer's Agent
Timothy Warren
NAI Northern California
List Price
$2,425,000
Sold Price
$2,200,000
Premium/Discount to List
-$225,000
-9.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jul 23, 2021
Sold by
Bought by
Seller's Agent
Keith Manson
Cushman & Wakefield
Buyer's Agent
Timothy Warren
NAI Northern California
List Price
$2,425,000
Sold Price
$2,200,000
Premium/Discount to List
-$225,000
-9.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2017
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,200,000 Old Republic Title Company
-- None Available
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,320,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/01/2021 09/01/21 Sold $2,200,000 -9.3% $364 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $2,425,000 -- $401 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $39,411 $2,330,819 $795,900 $1,534,919
2024 $37,814 $2,285,134 $780,300 $1,504,834
2023 $39,417 $2,240,328 $765,000 $1,475,328
2022 $37,986 $2,196,400 $750,000 $1,446,400
2021 $12,041 $411,547 $128,781 $282,766
2020 $10,034 $410,972 $127,460 $283,512
2019 $9,022 $402,986 $124,961 $278,025
2018 $8,801 $393,316 $122,511 $270,805
2017 $8,171 $385,641 $120,110 $265,531
2016 $7,893 $377,834 $117,755 $260,079
2015 $7,836 $372,183 $115,987 $256,196
2014 $8,214 $364,924 $113,715 $251,209
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 421559466

San Francisco Association of REALTORS®
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