$1,430,000
SOLD OCT 18, 2024
4 Beds
4 Baths
2,912 Sq Ft
6,720 Sq Ft Lot

Recently Sold

$491 Per Sq Ft

1% Below List Price

22 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling Available
  • Maya Lin School Rated A-
  • 4 Car Detached Garage
  • Central Heating

About This Home

As of October 2024

Welcome to 1506 Paru Street, a fabulous 4-plex income property in Central Alameda. This prime multi-family investment is the perfect property to add to your real estate portfolio. Built in 1943 with four spacious 1-bedroom, 1-bathroom units, this multi unit building has gas shut offs and is sewer compliant. Each unit comes with garage parking and additional storage and is separately metered for both gas and electric. All units are bright and inviting with plenty of closet space and hardwood floors or carpet with hardwood underneath). The bathrooms have bathtub/shower combos, and pedestal sinks, and 3 of the 4 units have in unit laundry. Centrally located, 1506 Paru Street is just blocks from Bay Station home to the Forbidden Island Tiki Lounge and Island Savoy Market, and is close to parks, coffee and public transportation. Whether you're looking for a place to call home, additional income, or both, 1506 Paru Street is a solid investment.

Last Agent to Sell the Property

Jill Friedrich

Compass License #02062807 Listed on: 08/29/2024

Compass

Last Buyer's Agent

Becky Cusack

License #01457434

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,453

Year Built

  • Built in 1943

Lot Details

  • 6,720 Sq Ft Lot
  • Rectangular Lot
  • Front Yard

Parking

  • 4 Car Detached Garage

Home Design

  • Quadruplex
  • Wood Siding
  • Lap Siding

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • 2,912 Sq Ft Building
  • Bay East Association

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,453

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Year Built: 1943
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Directions: On the corner of Paru and Santa Clara Avenue
  • Carport Y N: No
  • Garage Yn: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood, Tile, Carpet
  • Basement: None
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: Storage Area(s)

Exterior Features

  • Lot Features: Regular
  • Construction Type: Lap, Wood Siding
  • Exterior Features: Front Yard, Side Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 4

Utilities

  • Heating: Other, Central
  • Utilities: All Public Utilities
  • Cooling: Other
  • Laundry Features: In Unit, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Lot Info

  • Lot Size Sq Ft: 6720
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2024
Closed on
Oct 8, 2024
Sold by
Glenn Allen Noga Dynasty Trust and Noga Glenn Allen
Bought by
1506 Paru Llc
Seller's Agent
Jill Friedrich
Compass
Buyer's Agent
Becky Cusack
List Price
$1,450,000
Sold Price
$1,430,000
Premium/Discount to List
-$20,000
-1.38%
Views
24
Current Estimated Value
$1,462,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,277
Avg. Annual Appreciation
2.66%

Purchase Details

Closed on
Mar 4, 2021
Sold by
Noga Glenn A and Noga Heidi L
Bought by
Noga Glenn Allen and Noga Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2006
Sold by
Noga Glenn Allen and William Noga Bypass Trust
Bought by
Noga Glenn Allen and Noga Heidi

Purchase Details

Closed on
Oct 16, 2004
Sold by
Noga William A and William & Dorothy Noga Trust
Bought by
Noga William A and Noga Glenn Allen

Purchase Details

Closed on
Dec 19, 2003
Sold by
Noga William A and Noga Dorothy K
Bought by
Noga Glenn Allen
Source: Public Records

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Range of Values:

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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 $1,430,000 Chicago Title
Grant Deed $1,430,000 Chicago Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $1,430,000 -- --
10/18/2024 10/18/24 Sold $1,430,000 -1.4% $491 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
08/29/2024 08/29/24 For Sale $1,450,000 -- $498 / Sq Ft
Source: Bay East Association of REALTORS®

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 $8,453 $1,430,000 $429,000 $1,001,000
2024 $8,453 $352,180 $299,888 $52,292
2023 $8,198 $345,275 $294,008 $51,267
2022 $8,032 $338,506 $288,244 $50,262
2021 $7,864 $331,869 $282,592 $49,277
2020 $7,767 $328,466 $279,695 $48,771
2019 $6,855 $322,027 $274,212 $47,815
2018 $6,701 $315,714 $268,836 $46,878
2017 $6,465 $309,524 $263,565 $45,959
2016 $6,429 $303,455 $258,397 $45,058
2015 $6,384 $298,897 $254,516 $44,381
2014 $6,381 $293,042 $249,531 $43,511
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 41071368

Bay East Association of REALTORS®

APN: 072-0318-033-00