NOT LISTED FOR SALE

Estimated Value: $1,378,000 - $1,524,000

4 Beds
4 Baths
3,402 Sq Ft
$425/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $1,425,000 $419 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,665/month

83 Days on Market

Highlights

  • 0.24 Acre Lot
  • Wood Flooring
  • 4 Car Detached Garage
  • Love Elementary Rated A-
  • No HOA
  • Forced Air Heating System

About This Home

As of January 2024

This large, approximately 3,402 square foot, Eastlake fourplex is located on a 10,500 square foot lot with a 75' street frontage on Central Avenue in the center of town. Property features a 2-bedroom, 1-bathroom unit on the lower level in the front, a 1-bedroom, 1-bathroom unit with a den on the upper level in the front, a 1-bedroom, 1-bathroom unit with a bay window on the lower level in the rear, and a 1-bedroom, 1-bathroom unit with a bay window on the upper level in the rear. All units have hardwood floors. Off to the left is a long driveway that leads to the backyard, four (4) 1-car garages, and access to the laundry room and a common area storage room for tenant’s personal belongings. Residents at 2018 Central Avenue pay for their own gas, electric and garbage service. Owner pays for water and sewer. The property is also served by a house electric meter and house gas meter that serves the coin-operated leased washer and dryer in the laundry room. Property is compliant with City of Alameda's Sewer Lateral & Automatic Gas Shut-Off Valve Ordinances. A quick stroll away is Alameda’s ever-popular Park Street, which is known for its unique shops, a wide variety of restaurants, and the historic Alameda Theatre. Close to shopping and AC Transit.

Last Agent to Sell the Property

Ramesh Ramchandani

Panavista Realty License #00870283 Listed on: 08/18/2023

Last Buyer's Agent

Ringo Liu

Kw Advisors East Bay License #01106012

Kw Advisors East Bay

Property Details

Home Type

  • Multi-Family

Lot Details

  • 10,500 Sq Ft Lot
  • Rectangular Lot
  • Back and Front Yard

Home Design

  • Quadruplex
  • Wood Shingle Exterior
  • Stucco

Flooring

  • Wood
  • Tile

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 4 Car Detached Garage
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 4 Bathrooms
  • Leased Washer and Dryer

Listing and Financial Details

  • Assessor Parcel Number 7124726

Community Details

Overview

  • No Home Owners Association
  • 3,402 Sq Ft Building
  • Bay East Association

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Directions: Park St to Central Ave
  • Carport Y N: No
  • Garage Yn: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile, Other
  • Basement: Partial, Separate Entry, Storage Space
  • Appliances: Gas Water Heater
  • Interior Amenities: Storage Area(s)

Exterior Features

  • Lot Features: Level, Regular, Back Yard, Front Yard
  • Construction Type: Stucco, Other, Wood
  • Exterior Features: Back Yard, Front Yard, Side Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached, Garage, Off Street, Space Per Unit - 1
  • Total Parking Spaces: 4

Utilities

  • Heating: Forced Air, Natural Gas, Other, Central
  • Utilities: Water/Sewer Meter on Site, Individual Electric Meter, Individual Gas Meter
  • Cooling: No Air Conditioning
  • Laundry Features: Coin Operated, Community Facility, Dryer, In Basement, Laundry Equip - Leased, Washer
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Schools

  • Senior High School District: Alameda (510) 748-4000

Lot Info

  • Lot Size Sq Ft: 10500
  • Parcel Number: 7124726
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2024
Sold by
Jin Xian You
Bought by
Li Zong Qiang
Current Estimated Value
$1,406,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$693,866
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
$751,720

Purchase Details

Closed on
May 8, 2024
Sold by
2018 Central Avenue I Llc
Bought by
Li Zong Qiang

Purchase Details

Listed on
Aug 18, 2023
Closed on
Dec 29, 2023
Sold by
Revocab Balthasar and Revocab Martha
Bought by
2018 Central Avenue I Llc
Seller's Agent
Ramesh Ramchandani
Panavista Realty
Buyer's Agent
Ringo Liu
Kw Advisors East Bay
List Price
$1,495,000
Sold Price
$1,425,000
Premium/Discount to List
-$70,000
-4.68%
Views
127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.74%
Original Mortgage
$700,000
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2006
Sold by
Abel Balthasar and Abel Martha Irene
Bought by
Abel Balthasar and Abel Martha I

Purchase Details

Closed on
Jul 22, 2005
Sold by
Abel Balthasar and Abel Martha I
Bought by
Abel Balthasar and Abel Martha Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2003
Sold by
Abel Balthasar and Abel Martha Irene
Bought by
Abel Balthasar and Abel Martha I

Purchase Details

Closed on
Aug 27, 2001
Sold by
Etter Jackson O and Etter Cecil C
Bought by
Abel Balthasar and Abel Martha Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,875
Interest Rate
7%
Source: Public Records
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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
Li Zong Qiang -- Orange Coast Title
Li Zong Qiang -- None Listed On Document
2018 Central Avenue I Llc $1,425,000 Chicago Title
Abel Balthasar -- None Available
Abel Balthasar -- First American Title Co
Abel Balthasar -- --
Abel Balthasar $625,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Zong Qiang $700,000
Previous Owner 2018 Central Avenue I Llc $700,000
Previous Owner Abel Balthasar $451,000
Previous Owner Abel Balthasar $421,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,425,000 -- --
01/31/2024 01/31/24 Sold $1,425,000 -1.7% $419 / Sq Ft
11/09/2023 11/09/23 Pending -- -- --
09/24/2023 09/24/23 Price Changed $1,450,000 -3.0% $426 / Sq Ft
08/18/2023 08/18/23 For Sale $1,495,000 -- $439 / 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 $15,718 $1,453,500 $436,050 $1,017,450
2024 $15,718 $905,150 $271,545 $633,605
2023 $15,146 $887,405 $266,221 $621,184
2022 $14,802 $870,005 $261,001 $609,004
2021 $14,451 $852,950 $255,885 $597,065
2020 $14,265 $844,205 $253,261 $590,944
2019 $13,199 $827,655 $248,296 $579,359
2018 $12,867 $811,430 $243,429 $568,001
2017 $12,314 $795,524 $238,657 $556,867
2016 $12,298 $779,930 $233,979 $545,951
2015 $12,234 $768,218 $230,465 $537,753
2014 $11,756 $753,174 $225,952 $527,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 41036479

Bay East Association of REALTORS®

APN: 071-0247-026-00