NOT LISTED FOR SALE

1501 51st Ave Oakland, CA 94601

Fremont Neighborhood

Estimated Value: $863,000 - $1,105,000

8 Beds
4 Baths
3,232 Sq Ft
$303/Sq Ft Est. Value

Last Sold January 20, 2023

Last sale price $1,075,000 $333 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $6,639/month

4 Days on Market

Highlights

  • No HOA
  • Outdoor Storage
  • Fenced
  • Security Gate
  • Floor Furnace
  • Front Yard

About This Home

As of January 2023

Fairfax Apartments is a well-maintained fourplex on a quiet street. Built in 1964, this 3,232 SF* building is situated on a 5,797 SF* lot. The property consists of four 2-bed/1-bath units that average 800 SF* each. Two units are not currently rented, allowing for an owner move-in or rent at market rate. Current rents are approximately 23% below market rate, providing the opportunity to increase the NOI by approximately 28%. All units are individually metered for gas and electric. The property also features a sizable parking area at the back of the building that can fit up to four cars. Parking/storage is a potential source of additional income. The property is located in the Fairfax neighborhood of Oakland. The area is “Very Walkable” and has “Good Transit,” according to Walk Score. Supermarkets, cafes, restaurants, parks, and other conveniences are within walking distance. Downtown Oakland, Lake Merritt, and two BART stations are 10 minutes away by car. *To be verified by Buyer.

Last Agent to Sell the Property

Adam Stiles

Domain Cre License #02090455 Listed on: 11/15/2022

Last Buyer's Agent

Mawuko Tugbenyoh

Keller Williams Rlty East Bay License #01431237

Keller Williams Rlty East Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,857

Year Built

  • Built in 1964

Lot Details

  • 5,797 Sq Ft Lot
  • Fenced
  • Front Yard

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laminate Flooring
  • Outdoor Storage
  • Floor Furnace

Community Details

  • No Home Owners Association
  • 3,232 Sq Ft Building
  • Bridge Aor Association

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,857

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Year Built: 1964
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Directions: 1501 51st Ave Oakland CA 94601
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Basement: None
  • Other Equipment: Other
  • Total Bedrooms: 8
  • Interior Amenities: Storage, Storage Area(s)

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Front Yard, Security Gate
  • Construction Type: Stucco, Frame
  • Exterior Features: Front Yard, Storage

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Heating: Floor Furnace
  • Cooling: No Air Conditioning
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5797
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2022
Closed on
Jan 20, 2023
Sold by
Cashaw Robert L
Bought by
Price Brian M
Seller's Agent
Adam Stiles
Domain Cre
Buyer's Agent
Mawuko Tugbenyoh
Keller Williams Rlty East Bay
List Price
$1,075,000
Sold Price
$1,075,000
Views
3
Current Estimated Value
$979,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$95,851
Avg. Annual Appreciation
-3.32%
Original Mortgage
$1,035,815
Outstanding Balance
$1,003,075
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
-$23,926

Purchase Details

Listed on
Nov 15, 2022
Closed on
Jan 10, 2023
Sold by
Leola W Deshone Living Trust
Bought by
Cashaw Robert L and Tryon Emma Pear
Seller's Agent
Adam Stiles
Domain Cre
Buyer's Agent
Mawuko Tugbenyoh
Keller Williams Rlty East Bay
List Price
$1,075,000
Sold Price
$1,075,000
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,815
Outstanding Balance
$1,003,075
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
-$23,926

Purchase Details

Closed on
Oct 23, 2015
Sold by
Deshone Leola W and Cashaw Robert L
Bought by
Cashaw Robert

Purchase Details

Closed on
May 5, 2013
Sold by
Deshone Leola
Bought by
Deshone Leola W and The Leola W Deshone Living Tru

Purchase Details

Closed on
Apr 29, 2002
Sold by
Deshone Earl
Bought by
Deshone Earl and Deshone Leola
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
Price Brian M $1,075,000 Old Republic Title Company
Cashaw Robert L -- Accommodation/Courtesy Recordi
Cashaw Robert -- None Available
Deshone Leola W -- None Available
Deshone Earl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price Brian M $1,035,815
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,075,000 -- --
01/20/2023 01/20/23 Sold $1,075,000 0.0% $333 / Sq Ft
11/19/2022 11/19/22 Pending -- -- --
11/15/2022 11/15/22 For Sale $1,075,000 -- $333 / 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 $17,857 $1,118,430 $335,529 $782,901
2024 $17,857 $1,096,500 $328,950 $767,550
2023 $5,210 $110,990 $36,053 $74,937
2022 $4,755 $101,813 $35,346 $73,467
2021 $4,040 $99,680 $34,653 $72,027
2020 $3,980 $105,586 $34,298 $71,288
2019 $6,985 $103,516 $33,625 $69,891
2018 $3,424 $101,486 $32,966 $68,520
2017 $5,345 $99,497 $32,320 $67,177
2016 $2,962 $97,546 $31,686 $65,860
2015 $2,933 $96,080 $31,210 $64,870
2014 $3,056 $94,199 $30,599 $63,600
Source: Public Records

Agents Affiliated with this Home

  • Adam Stiles

    Seller's Agent in 2023

    Adam Stiles

    Domain Cre

    (510) 214-3026

    1 in this area

    2 Total Sales

    Adam Stiles
    Section Image

  • M

    Buyer's Agent in 2023

    Mawuko Tugbenyoh

    Keller Williams Rlty East Bay

    (510) 866-7516

    1 in this area

    19 Total Sales

    Mawuko Tugbenyoh
    Section Image
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Map

Source: bridgeMLS

MLS Number: 41014239

bridgeMLS

APN: 035-2362-024-00

California Alameda County Oakland 94601 Fremont

1501 51st Ave, Oakland, CA

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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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