NOT LISTED FOR SALE

1639 Oriole Ave San Leandro, CA 94578

Estimated Value: $864,000 - $1,067,000

7 Beds
2 Baths
2,120 Sq Ft
$437/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $1,051,000 $496 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $5,845/month

52 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Fenced
  • 2 Car Attached Garage

About This Home

As of June 2022

One of the best rental income producing property with Cap Rate of 5.6%. 3 bed and 4 bed units. Homes are regularly maintained. Total monthly rent is $6,200. Back unit was painted a few years back before tenant moved in. Front unit recently painted. Renovated bathrooms in both units. New fence with neighbor on right. Garage doors replaced recently. Front unit has refinished hardwood floors and recessed lights. Each unit has separate meters and tenants pay utilities for their own homes. Each tenant has a one car garage and own laundry area. Home in the rear has a separate laundry room and private fenced yard. Please do not disturb tenant living in the rear unit. New roof on second floor portion. New fence. Front unit cooking range 2021.

Last Agent to Sell the Property

shiraz zack

KW Advisors License #01386039 Listed on: 04/01/2022

KW Advisors

Last Buyer's Agent

Mary Sung

CENTURY 21 Masters License #01275217

CENTURY 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Lot Details

  • 5,401 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Shingle Roof

Interior Spaces

  • 2,120 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $74,400

Community Details

Overview

  • 2,120 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $400
  • Insurance Expense $1,100
  • Maintenance Expense $4,000
  • Operating Expense $13,420
  • Gross Income $72,168

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

5,401 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2120
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Cooktop - Gas, Garbage Disposal, Oven Range - Electric, Oven Range - Gas
  • Living Sq Ft: 2120
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Hardwood, Laminate, Tile

Exterior Features

  • Foundation: Post And Pier
  • Roof: Shingle
  • Yard/Grounds: Fenced

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1240
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.11
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1100
  • Expense Landscape: 400
  • Expense Maintenance: 4000
  • Expenses Total: 13420
  • Income Annual Gross: 72168.00
  • Income Annual Rental: 74400
  • Income Gross Scheduled: 74400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Loan - Mortgage, Maintenance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2024
Sold by
Chew Christopher Kwok-Wah and Ng Irene Kim
Bought by
Chew Ng Family Trust and Chew
Current Estimated Value
$926,995

Purchase Details

Listed on
Apr 1, 2022
Closed on
May 26, 2022
Sold by
Kanga Shiraz J and Zack Shiraz
Bought by
Christopher Chew And Irene Ng Ab Revocable Tr
Seller's Agent
shiraz zack
KW Advisors
Buyer's Agent
Mary Sung
CENTURY 21 Masters
List Price
$1,050,000
Sold Price
$1,051,000
Premium/Discount to List
$1,000
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.34%

Purchase Details

Closed on
Dec 28, 2012
Sold by
Lau Gary and Lau Nancy
Bought by
Kanga Shiraz J and Kanga Shiraz Zack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2008
Sold by
Wells Fargo Bank Na
Bought by
Lau Gary and Lau Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2008
Sold by
Rodriguez Leopoldo
Bought by
Wells Fargo Bank Na and Securitized Asset Backed Receivables Llc

Purchase Details

Closed on
May 4, 2007
Sold by
Rodriguez Leopoldo
Bought by
Rodriguez Ricardo and Rodriguez Erika

Purchase Details

Closed on
Dec 21, 2005
Sold by
Patterson Donald Michael and Patterson Jeri Lyn
Bought by
Rodriguez Leopoldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 1998
Sold by
Patterson Donald M and Molter Ralph P
Bought by
Patterson Donald Michael and Patterson Jeri Lyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,400
Interest Rate
6.54%

Purchase Details

Closed on
Feb 7, 1994
Sold by
Patterson Joseph M and Molter Genevieve E
Bought by
Patterson Donald M and Molter Ralph Philip
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Chew Ng Family Trust -- None Listed On Document
Chew Christopher Kwok-Wah -- None Listed On Document
Christopher Chew And Irene Ng Ab Revocable Tr $1,051,000 Old Republic Title
Kanga Shiraz J $501,000 Old Republic Title Company
Lau Gary $450,000 Fidelity Title Company
Wells Fargo Bank Na $403,059 None Available
Rodriguez Ricardo -- None Available
Rodriguez Leopoldo $685,000 New Century Title Company
Patterson Donald Michael $156,000 Nortwestern Title Company
Patterson Donald M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kanga Shiraz J $375,000
Previous Owner Lau Gary $360,000
Previous Owner Rodriguez Leopoldo $548,000
Previous Owner Patterson Donald Michael $140,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2022 06/03/22 Sold $1,051,000 +0.1% $496 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/21/2022 05/21/22 For Sale $1,050,000 0.0% $495 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $1,050,000 0.0% $495 / Sq Ft
04/20/2022 04/20/22 Price Changed $1,050,000 +10.5% $495 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $950,000 -- $448 / 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 $12,901 $920,000 $276,000 $644,000
2024 $12,901 $965,000 $289,500 $675,500
2023 $14,347 $1,072,020 $321,606 $750,414
2022 $8,366 $581,344 $174,403 $406,941
2021 $8,122 $569,947 $170,984 $398,963
2020 $7,928 $564,105 $169,231 $394,874
2019 $7,920 $553,048 $165,914 $387,134
2018 $7,617 $542,207 $162,662 $379,545
2017 $7,163 $531,575 $159,472 $372,103
2016 $6,837 $521,154 $156,346 $364,808
2015 $6,683 $513,328 $153,998 $359,330
2014 $6,623 $503,274 $150,982 $352,292
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81885077

MLSListings

APN: 080-0035-062-00

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