NOT LISTED FOR SALE
Studio
-- Bath
2,950 Sq Ft
7,200 Sq Ft Lot Lot

Sale Details

Date Sold: May 18, 2020

Last sale price $825,000 $280 Per Sq Ft

62 Days on Market

About This Home

As of May 2020

Back to the Market; Not by Seller's fault. Big Reduce Price ( - $86,000) ; Big opportunity to own the excellent income property features 7 units; big Building Square Feet ( 2950 sq/ft) and large Lot Size ( 7200 sq/ft ). Large private & nice parking on the back ( All cement through out) . it's located on the good & convenient location; next to everything; easy get to Downtown Oakland , shopping , restaurants , amenities ; and easy get to Freeway I - 580 & I - 880. seller prefer to sell " As Is" . Buyers has the right to verify all permits and square feet of the property. Rent Control approved to raise up the Rent on May 2020. Owner already sent the notice to all tenants about the rent will be raised up . Seller will look at any offer when it's coming. Please DO NOT DISTURB TENANTS. APPOINTMENT ONLY.. Subject for inspection. Excellent income . don't miss this opportunity. IT WON'T LAST LONG . Thank you for showing and selling .

Last Agent to Sell the Property

Hai Nguyen

Intero Real Estate Services License #01347573 Listed on: 03/01/2020

Intero Real Estate Services

Last Buyer's Agent

Monica Pham

Intero Real Estate Services License #01386567

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1924

Lot Details

  • 7,200 Sq Ft Lot
  • Security Fence

Home Design

  • 2,950 Sq Ft Home
  • Urethane Roof
  • Concrete Perimeter Foundation

Parking

  • 9 Carport Spaces
  • No Garage
  • Leased Parking
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $84,240

Community Details

Overview

  • 2,950 Sq Ft Building

Building Details

  • 7 Leased Units
  • Insurance Expense $2,861
  • Utility Expense $4,961
  • Operating Expense $22,237
  • Gross Income $84,240

Property Details

Home Type

Multi-Family

Year Built

1924

Lot Details

7,200 Sq Ft Lot

Listing Details

  • Zoning: R
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Interior Features

  • Living Sq Ft: 2950
  • Security: Fire Alarm, Security Fence

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Polyurethane

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Common Parking Area, Leased Parking, No Garage, Off-Street Parking, Parking Area
  • Carport Min: 9

Utilities

  • Heating System: Wall Furnace

Lot Info

  • Lot Acres: 0.1653
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7200.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 10.55
  • Number Of Leased: 7

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2861
  • Expenses Total: 22237
  • Expenses Utility: 4961
  • Income Annual Gross: 84240.00
  • Income Annual Rental: 84240
  • Income Gross Scheduled: 84240
  • Income Includes: Rents
  • Meters: Master Electric, Master Water, Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Loan - Other
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2020 05/18/20 Sold $825,000 -7.2% $280 / Sq Ft
05/13/2020 05/13/20 Price Changed $889,000 0.0% $301 / Sq Ft
05/03/2020 05/03/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $889,000 0.0% $301 / Sq Ft
04/18/2020 04/18/20 Pending -- -- --
04/04/2020 04/04/20 Price Changed $889,000 -9.2% $301 / Sq Ft
03/01/2020 03/01/20 For Sale $979,000 -- $332 / Sq Ft
Source: MLSListings

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 $17,354 $899,182 $437,452 $461,730
2024 $17,354 $881,554 $428,876 $452,678
2023 $17,886 $864,271 $420,468 $443,803
2022 $16,952 $847,326 $412,224 $435,102
2021 $15,510 $830,717 $404,144 $426,573
2020 $15,455 $832,298 $416,160 $416,138
2019 $14,416 $816,007 $408,000 $408,007
2018 $8,419 $384,086 $107,736 $276,350
2017 $7,838 $376,022 $105,624 $270,398
2016 $7,571 $368,773 $103,553 $265,220
2015 $7,516 $363,331 $101,998 $261,333
2014 $7,771 $351,286 $100,000 $251,286
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81784832

MLSListings
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