NOT LISTED FOR SALE

Estimated Value: $925,000 - $1,045,000

4 Beds
4 Baths
2,753 Sq Ft
$353/Sq Ft Est. Value

Last Sold November 28, 2022

Last sale price $959,000 $348 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,669/month

58 Days on Market

Highlights

  • Wood Flooring
  • Heating System Uses Natural Gas
  • Back Yard
  • No HOA

About This Home

As of November 2022

Four 1 bedroom, 1 bathroom Apartments in the Ivy Hill neighborhood of Oakland. The property is literary 5 blocks from the Lake Merritt to facilitate a morning or evening stroll around the lake. The units are updated to varying degrees with laminate floors, new kitchens and baths... There is leased coin op laundry in the building. There is 4 off-street parking onsite. There is about 10-15% upside in rents.

Last Agent to Sell the Property

Pedram Karbassi

Bay's Elite Investments License #01522384 Listed on: 09/27/2022

Last Buyer's Agent

Kent Tarman

J H TARMAN CO. REALTORS License #01084818

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,242

Year Built

  • Built in 1920

Lot Details

  • 6,000 Sq Ft Lot
  • Back Yard

Parking

  • Carport

Home Design

  • Quadruplex
  • Stucco

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Walk-Out Basement
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 2,753 Sq Ft Building
  • Bridge Aor Association

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,242

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Year Built: 1920
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Directions: 580 Exit Park,Drive W,Merge L on 5th Ave,L E18th
  • Carport Y N: Yes
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood Flrs Throughout, Tile
  • Basement: Separate Entry
  • Appliances: Dryer, Washer
  • Total Bedrooms: 4

Exterior Features

  • Lot Features: Level
  • Construction Type: Stucco
  • Exterior Features: Back Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport - 2 Or More

Utilities

  • Heating: Natural Gas
  • Utilities: Water/Sewer Meter on Site
  • Cooling: No Air Conditioning
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: No Solar

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 6000
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2023
Sold by
Ogbu Marcellina Ada
Bought by
Marcellina Ogbu Revocable Trust and Ogbu
Current Estimated Value
$970,740

Purchase Details

Listed on
Sep 27, 2022
Closed on
Nov 16, 2022
Sold by
Hoang Huy Tuan
Bought by
Ogbu Marcellina Ada
Seller's Agent
Pedram Karbassi
Bay's Elite Investments
Buyer's Agent
Kent Tarman
J H TARMAN CO. REALTORS
List Price
$1,050,000
Sold Price
$959,000
Premium/Discount to List
-$91,000
-8.67%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.71%
Original Mortgage
$719,250
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2014
Sold by
Vantran Ri Van and Tran Yen Bach
Bought by
Hoang Huy

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
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2011
Sold by
Tran Ri and Tran Yen Bach
Bought by
Vantran Ri Van and Tran Yen Bach

Purchase Details

Closed on
Nov 24, 2003
Sold by
Law Nam Chun
Bought by
Tran Ri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 6, 2003
Sold by
Tran Yen Bach
Bought by
Vantran Ri Van

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization
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
Marcellina Ogbu Revocable Trust -- None Listed On Document
Ogbu Marcellina Ada $959,000 Doma Title
Hoang Huy $500,000 Old Republic Title Company
Vantran Ri Van -- None Available
Tran Ri $460,000 Alliance Title Company
Vantran Ri Van -- Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ogbu Marcellina Ada $719,250
Previous Owner Hoang Huy $715,000
Previous Owner Hoang Huy $250,000
Previous Owner Hoang Huy $375,000
Previous Owner Tran Ri $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $959,000 -- --
11/28/2022 11/28/22 Sold $959,000 -8.7% $348 / Sq Ft
09/27/2022 09/27/22 For Sale $1,050,000 -- $381 / Sq Ft
Source: bridgeMLS

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 $16,242 $997,743 $299,323 $698,420
2024 $16,242 $978,180 $293,454 $684,726
2023 $16,943 $959,000 $287,700 $671,300
2022 $11,306 $577,560 $173,268 $404,292
2021 $10,451 $566,240 $169,872 $396,368
2020 $10,325 $560,434 $168,130 $392,304
2019 $9,702 $549,450 $164,835 $384,615
2018 $9,494 $538,680 $161,604 $377,076
2017 $9,022 $528,120 $158,436 $369,684
2016 $8,733 $517,764 $155,329 $362,435
2015 $9,269 $509,990 $152,997 $356,993
2014 $8,272 $450,000 $135,000 $315,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41009892

bridgeMLS

APN: 021-0219-015-00