NOT LISTED FOR SALE

1651 159th Ave San Leandro, CA 94578

Estimated Value: $800,000 - $1,119,839

4 Beds
2 Baths
1,683 Sq Ft
$559/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $970,000 $576 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,108/month

7 Days on Market

Highlights

  • Valley View
  • 2 Car Attached Garage
  • Storage Room
  • Balcony
  • Laundry Room
  • Washer and Dryer

About This Home

As of January 2022

Good Location! Positive Cash flow! Upside potential for ADU, Valley View. It will be a great investment property. Or, call it home by living in 1 unit and renting out the others. This is an ideal location. Each unit has 2 bedrooms and 1 bathroom plus extra basement space currently used as storage ( possible for living) and laundry room. Close to recreation, BART , Kaiser Permanente, and shopping center and easy access to freeway. The large backyard is 10,383 sq ft .

Last Agent to Sell the Property

Thu Le

Alliance Bay Realty License #02058516 Listed on: 12/06/2021

Last Buyer's Agent

Heman Galzie

New Cal Realty License #01422754

Property Details

Home Type

  • Multi-Family

Year Built

  • 1954

Lot Details

  • 10,385 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 2 Car Attached Garage
  • 4 Carport Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,683 Sq Ft Home
  • Storage Room
  • Laminate Flooring
  • Valley Views
  • Crawl Space

Laundry

  • Laundry Room
  • Washer and Dryer

Additional Features

  • Balcony
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $48,900

Community Details

Overview

  • 1,683 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $857
  • Operating Expense $10,829
  • Gross Income $44,010

Property Details

Home Type

Multi-Family

Year Built

1954

Lot Details

0

Parking

2

Listing Details

  • Zoning: RD
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1683
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Living Sq Ft: 1683
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Laminate
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shingle
  • View: Valley
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 27300

Lot Info

  • Lot Acres: 0.2384
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10383.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10383.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.39
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 857
  • Expenses Total: 10829
  • Income Annual Gross: 44010.00
  • Income Annual Rental: 48900
  • Income Gross Scheduled: 48900
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2021
Closed on
Jan 11, 2022
Sold by
Qing Chen and Qing Yu
Bought by
Rawal Mukesh Harshadrai and Rawal Nalini
Seller's Agent
Thu Le
Alliance Bay Realty
Buyer's Agent
Heman Galzie
New Cal Realty
List Price
$948,000
Sold Price
$970,000
Premium/Discount to List
$22,000
2.32%
Current Estimated Value
$941,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,540
Avg. Annual Appreciation
-0.74%
Original Mortgage
$727,500
Outstanding Balance
$670,482
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$270,978

Purchase Details

Closed on
May 1, 2017
Sold by
Chand Suresh
Bought by
Chen Zhuobin and Huang Yu Qing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2009
Sold by
Chand Suresh
Bought by
Chand Suresh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
5.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2004
Sold by
Chand Anjila K
Bought by
Chand Suresh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 1997
Sold by
Chand Anjila
Bought by
Chand Suresh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,400
Interest Rate
7.36%

Purchase Details

Closed on
Oct 15, 1997
Sold by
Chand Anjila
Bought by
Chand Suresh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,400
Interest Rate
7.36%

Purchase Details

Closed on
Sep 29, 1997
Sold by
Sheree Pence Marc L and Sheree Susan G Redding
Bought by
Chand Suresh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,400
Interest Rate
7.36%
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
Rawal Mukesh Harshadrai $970,000 Chicago Title
Chen Zhuobin $675,000 First American Title Company
Chand Suresh -- Placer Title Company
Chand Suresh -- Alliance Title Company
Chand Suresh -- North American Title Co
Chand Suresh -- North American Title Co
Chand Suresh $165,500 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rawal Mukesh Harshadrai $727,500
Previous Owner Chen Zhuobin $420,000
Previous Owner Chand Suresh $277,000
Previous Owner Chand Suresh $215,000
Previous Owner Chand Suresh $132,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $970,000 +2.3% $576 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $948,000 -2.3% $563 / Sq Ft
12/06/2021 12/06/21 Off Market $970,000 -- --
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 $13,332 $1,029,364 $318,360 $711,004
2024 $13,332 $1,009,188 $312,120 $697,068
2023 $13,270 $989,400 $306,000 $683,400
2022 $10,265 $738,200 $221,460 $516,740
2021 $9,973 $723,727 $217,118 $506,609
2020 $9,745 $716,310 $214,893 $501,417
2019 $9,748 $702,270 $210,681 $491,589
2018 $9,258 $688,500 $206,550 $481,950
2017 $3,879 $236,603 $77,291 $159,312
2016 $3,555 $231,965 $75,776 $156,189
2015 $3,469 $228,482 $74,638 $153,844
2014 $3,410 $224,008 $73,177 $150,831
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Thu Le

    Alliance Bay Realty

    Section Image

  • H

    Buyer's Agent in 2022

    Heman Galzie

    New Cal Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81871946

MLSListings

APN: 080-0045-020-01

California Alameda County San Leandro 94578

1651 159th Ave, San Leandro, CA

Not Listed for Sale

MultiFamily

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