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Seller's Agent in 2022
Theodore Wong
Bay East Aor
2006 38th Ave Oakland, CA 94601
Harrington NeighborhoodEstimated Value: $899,153 - $1,148,000
5
Beds
4
Baths
3,542
Sq Ft
$288/Sq Ft
Est. Value
Highlights
- No HOA
- Coin Laundry
- Front Yard
- Double Pane Windows
- Wall Furnace
About This Home
As of March 2022Strategically located between I-580 and I-880, 2006 38th Avenue is a rare opportunity to acquire a turnkey 4 unit apartment building in the emerging Oakland Market. The asset features (1) Two Bedroom One Bathroom Unit, (3) One Bedroom One Bathroom Units, Five Off-street parking spaces, on-site laundry facilities and is sewer lateral compliant. In addition, tenants pay their own water. Tenants enjoy the convivence of on-site laundry and being in close proximity to mass transit. Offered at an attractive 5.38% CAP Rate/13.41 GRM and Pro Forma CAP Rate 6.02%/12.35 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside
Last Agent to Sell the Property
Theodore Wong
Bay East Aor License #02016737 Listed on: 12/08/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 5,415 Sq Ft Lot
- Front Yard
Parking
- Off-Street Parking
Home Design
- Quadruplex
Interior Spaces
- Double Pane Windows
- Laminate Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Assessor Parcel Number 322092321
Community Details
Overview
- No Home Owners Association
- 3,542 Sq Ft Building
- Bay East Association
Amenities
- Coin Laundry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 8, 2021
Closed on
Mar 21, 2022
Sold by
Brice Victor S and Brice Arlene T
Bought by
Motewar Prashant S and Domkondwar Trupti
Seller's Agent
Theodore Wong
Bay East Aor
Buyer's Agent
Abhi Indap
Kw Advisors
List Price
$1,230,000
Sold Price
$1,175,000
Premium/Discount to List
-$55,000
-4.47%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$155,462
Avg. Annual Appreciation
-3.49%
Original Mortgage
$877,500
Outstanding Balance
$812,328
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$207,210
Purchase Details
Closed on
Apr 3, 2020
Sold by
Walker Calvin and Walker Helen J
Bought by
Brice Victor S and Brice Arlene T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 12, 1995
Sold by
Kuenning Robert W and Kuenning Maud C
Bought by
Walker Calvin and Walker Helen J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,190
Interest Rate
7.62%
Mortgage Type
Assumption
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Motewar Prashant S | $1,175,000 | First American Title | |
| Brice Victor S | $1,100,000 | First American Title Company | |
| Walker Calvin | $160,318 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Motewar Prashant S | $877,500 | |
| Previous Owner | Brice Victor S | $825,000 | |
| Previous Owner | Walker Calvin | $178,190 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Off Market | $1,175,000 | -- | -- |
| 03/24/2022 03/24/22 | Sold | $1,175,000 | -3.3% | $332 / Sq Ft |
| 03/14/2022 03/14/22 | Pending | -- | -- | -- |
| 02/01/2022 02/01/22 | Price Changed | $1,215,000 | -1.2% | $343 / Sq Ft |
| 12/08/2021 12/08/21 | Price Changed | $1,230,000 | 0.0% | $347 / Sq Ft |
| 12/08/2021 12/08/21 | For Sale | $1,230,000 | -- | $347 / Sq Ft |
Source: Bay East Association of REALTORS®
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 | $19,321 | $1,246,910 | $374,073 | $872,837 |
| 2024 | $19,321 | $1,222,470 | $366,741 | $855,729 |
| 2023 | $20,229 | $1,198,500 | $359,550 | $838,950 |
| 2022 | $18,964 | $1,133,615 | $340,084 | $793,531 |
| 2021 | $17,942 | $1,111,395 | $333,418 | $777,977 |
| 2020 | $6,236 | $262,775 | $78,832 | $183,943 |
| 2019 | $5,707 | $257,624 | $77,287 | $180,337 |
| 2018 | $5,584 | $252,574 | $75,772 | $176,802 |
| 2017 | $5,239 | $247,623 | $74,287 | $173,336 |
| 2016 | $5,018 | $242,768 | $72,830 | $169,938 |
| 2015 | $4,982 | $239,123 | $71,737 | $167,386 |
| 2014 | $5,173 | $234,440 | $70,332 | $164,108 |
Source: Public Records
Agents Affiliated with this Home
-
-
Brandon Tran
Seller Co-Listing Agent in 2022
Brandon Tran
Fifty Hills Real Estate
(510) 735-5367
1 in this area
12 Total Sales
-
Abhi Indap
Buyer's Agent in 2022
Abhi Indap
Kw Advisors
(408) 472-4969
1 in this area
37 Total Sales
Map
Source: Bay East Association of REALTORS®
MLS Number: 40974309
APN: 032-2092-032-01
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