NOT LISTED FOR SALE

Estimated Value: $1,153,000 - $1,561,000

8 Beds
4 Baths
3,072 Sq Ft
$435/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $1,480,000 $482 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $9,146/month

14 Days on Market

Highlights

  • 0.21 Acre Lot
  • Cooling Available
  • Heating Available
  • No HOA

About This Home

As of May 2021

Stunning 4-unit apartment complex in Ivy Hill behind Lake Merritt consisting of four spacious 2bd/1bth units with excellent rental upside and views. The current owners invested heavily into the building and recent upgrades include fully remodeled units, new stucco, new double pane windows, a new electrical system, custom tile, and much more. Currently there is one vacant unit that's perfect for an owner occupant. The property is separately metered for PG&E, easy to manage, has friendly tenants, and low annual operating expenses. The property sits on an oversized 9,000 square foot lot and offers the possibility to develop. This is a perfect opportunity for an investor or owner-occupant who wants strong current cash flow and huge rental upside.

Last Agent to Sell the Property

David Howarth

Bay East Aor License #01360348 Listed on: 04/09/2021

Last Buyer's Agent

David Howarth

Bay East Aor License #01360348 Listed on: 04/09/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 9,000 Sq Ft Lot

Home Design

  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 3,072 Sq Ft Building
  • Bay East Association

Listing and Financial Details

  • Assessor Parcel Number 212749

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Year Built: 1938
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Directions: E. 20th St Right on 6th Avenue
  • Carport Y N: No
  • Garage Yn: No
  • Skirt: ["Other"]
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Other
  • Basement: Other
  • Other Equipment: Other
  • Total Bedrooms: 8

Exterior Features

  • Lot Features: Other
  • Exterior Features: Other

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other

Utilities

  • Heating: Other
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Lot Info

  • Lot Size Sq Ft: 9000
  • Parcel Number: 212749
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
May 3, 2021
Sold by
Nguyen Minhtam Thien and Huynh Thi Vinh
Bought by
Optimum Vigor Development Llc
Seller's Agent
David Howarth
Bay East Aor
Buyer's Agent
David Howarth
Bay East Aor
List Price
$1,199,000
Sold Price
$1,480,000
Premium/Discount to List
$281,000
23.44%
Current Estimated Value
$1,336,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$144,000
Avg. Annual Appreciation
-2.16%
Original Mortgage
$1,480,000
Outstanding Balance
$1,335,532
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$468

Purchase Details

Closed on
Oct 24, 2017
Sold by
Thien Nguyen Minh Tam
Bought by
Thien Nguyen Minh Tam and Mai Huynh Thi Vinh

Purchase Details

Closed on
Aug 23, 2017
Sold by
Nguyen Ngoc and Duong Nga Mi Thi
Bought by
Nguyen Minh Tam Thien

Purchase Details

Closed on
Jan 28, 2014
Sold by
Nguyen Ngoc and Duong Nga Mi Thi
Bought by
Nguyen Ngoc and Duong Nga Mi Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2006
Sold by
Vannguyen Ngoc and Duong Nga Mi Thi
Bought by
Vannguyen Ngoc and Duong Nga Mi Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 1999
Sold by
Chui Ho W and Chui Woon Y
Bought by
Vannguyen Ngoc Van and Duong Mi Nga Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.82%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Optimum Vigor Development Llc $1,480,000 Chicago Title Company
Thien Nguyen Minh Tam -- None Available
Nguyen Minh Tam Thien $850,000 Old Republic Title Company
Nguyen Ngoc -- Wfg Title Company Of Califor
Vannguyen Ngoc -- First American Title Co
Vannguyen Ngoc Van $250,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Optimum Vigor Development Llc $1,480,000
Previous Owner Nguyen Ngoc $344,000
Previous Owner Vannguyen Ngoc $336,000
Previous Owner Vannguyen Ngoc Van $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,480,000 -- --
05/07/2021 05/07/21 Sold $1,480,000 +23.4% $482 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $1,199,000 -- $390 / Sq Ft
Source: Bay East Association of REALTORS®

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 $26,744 $1,601,981 $480,594 $1,121,387
2024 $26,744 $1,570,575 $471,172 $1,099,403
2023 $25,036 $1,539,791 $461,937 $1,077,854
2022 $24,142 $1,509,600 $452,880 $1,056,720
2021 $15,115 $905,618 $268,048 $637,570
2020 $14,774 $884,340 $265,302 $619,038
2019 $14,048 $867,000 $260,100 $606,900
2018 $13,749 $850,000 $255,000 $595,000
2017 $6,365 $331,070 $99,321 $231,749
2016 $6,123 $324,580 $97,374 $227,206
2015 $6,082 $319,704 $95,911 $223,793
2014 $6,309 $313,442 $94,032 $219,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 40944921

Bay East Association of REALTORS®

APN: 021-0274-009-00