NOT LISTED FOR SALE

1705 Pacific Ave Alameda, CA 94501

West Alameda Neighborhood

Estimated Value: $1,116,000 - $1,615,000

8 Beds
5 Baths
-- Sq Ft
5,401 Sq Ft Lot

Last Sold February 01, 2023

Last sale price $1,080,000

Est. 26% increase in value since last sale

Current estimated payment $8,531/month

46 Days on Market

Highlights

  • No HOA
  • Side by Side Parking
  • 2 Car Garage
  • Maya Lin School Rated A-
  • Garden

About This Home

As of February 2023

The only 8 bedroom home on the market right now in Alameda! This home is currently segregated into 2 units, but can easily be converted into 3/4 units. This is a great opportunity for rental income. This home does need some work, but once it is improved, there is tremendous upside to this property. Come see it today!

Last Agent to Sell the Property

Francis Josh Gesmundo

MetroList Online Applications License #02174255 Listed on: 11/16/2022

Last Buyer's Agent

Daniel Liang

Keller Williams Benchmark License #02084515

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,949

Year Built

  • Built in 1896

Lot Details

  • 5,401 Sq Ft Lot
  • Garden

Home Design

  • Duplex
  • Concrete Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Laminate Flooring

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 2 Car Garage
  • Side by Side Parking

Listing and Financial Details

  • Assessor Parcel Number 0720-2960-08

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,949

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: House(s)
  • Property Subtype 1: Duplex
  • Stories: 3
  • Year Built: 1896
  • Stories: 3
  • Number of Three Bedroom Units: 1
  • Number of Four Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Other
  • Price Per Square Foot: 318.77

Exterior Features

  • Construction Materials: Wood, Other
  • Foundation: Concrete, Other
  • Listing Price: 1160000.00
  • Lot Features: Garden, Other

Garage/Parking

  • Parking Features: Side-by-Side, Garage, Other
  • Total Parking Spaces: 2.00

Utilities

  • Security: Other
  • Sewer: Public Sewer, Other
  • Utilities: Other
  • Cooling: Other
  • Heating: Other
  • Laundry Features: In Each Unit, Other, Washer/Dryer Hookups
  • Water Source: Public, Other

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Alameda Unified

Lot Info

  • Zoning Description: MF
  • Irrigation: Public District, Other
  • Lot Size Acres: 0.1240
  • Lot Size Sq Ft: 5401.00

Rental Info

  • Owner Occupied Units: 1
  • Total # Leasable: 3

Multi Family

  • Income Includes: Other
  • Number of Leased Units: 2
  • Number of Units: 3

Tax Info

  • Assessor Parcel Number: 0720-2960-08
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Alameda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Jan 30, 2023
Sold by
Chio Ka Wan
Bought by
Ou Li
Seller's Agent
Francis Josh Gesmundo
MetroList Online Applications
Buyer's Agent
Daniel Liang
Keller Williams Benchmark
List Price
$1,160,000
Sold Price
$1,080,000
Premium/Discount to List
-$80,000
-6.9%
Views
49
Current Estimated Value
$1,360,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,193
Avg. Annual Appreciation
8.78%
Original Mortgage
$760,000
Outstanding Balance
$735,895
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$624,298

Purchase Details

Listed on
Nov 16, 2022
Closed on
Jan 19, 2023
Sold by
Mateo C Ramos Living Trust
Bought by
He Brian and Diep Phong
Seller's Agent
Francis Josh Gesmundo
MetroList Online Applications
Buyer's Agent
Daniel Liang
Keller Williams Benchmark
List Price
$1,160,000
Sold Price
$1,080,000
Premium/Discount to List
-$80,000
-6.9%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Outstanding Balance
$735,895
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$624,298

Purchase Details

Closed on
Oct 16, 2015
Sold by
Ramos Mateo C
Bought by
Ramos Mateo C and The Mateo C Ramos Living Trust
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
Ou Li -- Doma Title
Diep Phong -- Doma Title
He Brian -- Doma Title
He Brian $1,080,000 Doma Title
Ramos Mateo C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diep Phong $760,000
Closed He Brian $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2023 02/01/23 Sold $1,080,000 -6.9% --
01/01/2023 01/01/23 Pending -- -- --
11/16/2022 11/16/22 For Sale $1,160,000 -- --
Source: MetroList

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 $16,949 $1,123,631 $337,089 $786,542
2024 $16,949 $1,101,600 $330,480 $771,120
2023 $6,528 $256,120 $105,157 $150,963
2022 $6,411 $244,098 $103,095 $148,003
2021 $4,866 $239,175 $101,074 $145,101
2020 $4,801 $243,652 $100,038 $143,614
2019 $4,439 $238,874 $98,076 $140,798
2018 $4,332 $234,191 $96,153 $138,038
2017 $4,165 $229,600 $94,268 $135,332
2016 $4,140 $225,098 $92,420 $132,678
2015 $4,111 $221,718 $91,032 $130,686
2014 $3,997 $217,376 $89,249 $128,127
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2023

    Francis Josh Gesmundo

    MetroList Online Applications

  • D

    Buyer's Agent in 2023

    Daniel Liang

    Keller Williams Benchmark

See All Agents

Map

Source: MetroList

MLS Number: 222142488

MetroList

APN: 072-0296-008-00

California Alameda County Alameda 94501 West Alameda

1705 Pacific Ave, Alameda, CA

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