NOT LISTED FOR SALE
11 Beds
-- Bath
5,673 Sq Ft
6,100 Sq Ft Lot

Sale Details

Date Sold: January 16, 2024

Last sale price $1,600,000 $282 Per Sq Ft

32 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Balcony
  • Side by Side Parking
  • Wood Flooring
  • Double Pane Windows
  • Landscaped

About This Home

As of January 2024

In the very popular Grand Lake/Piedmont Ave area, this mid-century, SEVEN UNIT building has an enviable WALK score of 88. There are four 2BD units, three 1BD ones, and all have fresh air entry as opposed to sharing an interior common hall with others. The building, within a small radius, is surrounded by some 60 restaurants, cafes and pubs, two movie theaters and six grocery stores, among them Whole Foods and Trader Joe's. Attractively priced at a CAP RATE 6.2 and a GRM of 9.6, the building is being offered at $253,573 per unit, comes with six parking spaces, and is on a quiet, two block long street. The Oakland mandated soft story work has been completed. Residents enjoy, besides the 60+ nearby retail, the popular Saturday Farmer's Market and the amenities of Lake Merritt. There are banked rents from the soft story work. ASSUMABLE loan of $559,000 at 4.6%.

Last Agent to Sell the Property

Astrid Lacitis

Vanguard Properties License #DRE #00684382 Listed on: 11/17/2023

Vanguard Properties

Co-Listed By

Jacqueline Tonge

Vanguard Properties License #DRE #01783316

Last Buyer's Agent

Suguey Melgar

MELGAR REAL ESTATE SERVICES License #01448667

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,100 Sq Ft Lot
  • Landscaped
  • Sloped Lot

Parking

  • 6 Car Garage
  • 6 Carport Spaces
  • Side by Side Parking
  • Off-Street Parking

Home Design

  • Midcentury Modern Architecture
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 5,673 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Free-Standing Electric Range
  • Leased Washer and Dryer

Flooring

  • Wood
  • Carpet

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony

Utilities

  • Radiant Heating System
  • Separate Meters
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, parking fee
  • Assessor Parcel Number 010-0795-009-11

Community Details

Building Details

  • 7 Leased Units
  • 5 Units Leased Month-To-Month

Additional Features

  • 7 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

6,100 Sq Ft Lot

Parking

6

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Architectural Style: Mid-Century
  • Property Condition: Varies By Unit
  • Accessibility Features: None
  • Levels: Three
  • Stories: 3
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Free Standing Electric Range, Varies By Unit
  • Flooring: Carpet, Varies By Unit, Wood
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Leased
  • Price Per Square Foot: 282.04
  • Square Footage: 5673.00
  • Window Features: Caulked/Sealed, Dual Pane Partial, Varies By Unit

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Concrete Perimeter
  • Patio And Porch Features: Balcony/Deck, Varies By Unit
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 6.00
  • Parking Features: Covered, Off Street, Side-by-Side
  • Total Parking Spaces: 6.00
  • Covered Parking Spaces: 6.00
  • Independent Parking Spaces: 6

Utilities

  • Cooling: None
  • Heating: Radiant
  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector, Window Security Bars
  • Sewer: Public Sewer, Sewer Connected
  • Utilities: City, Electric, Natural Gas Connected
  • Water Source: Public, Water District

Fee Information

  • Utilities Expenses: 20792

Lot Info

  • Assessor Parcel Number: 010-0795-009-11
  • Lot Features: Curb(s), Landscape Front, Sidewalk
  • Lot Size Acres: 0.1400
  • Lot Size Sq Ft: 6100.00
  • Lot Size Units: SqFt
  • Price Per Acre: 11428571.43
  • Special Zones: None
  • Topography: Lot Sloped

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Electricity, Parking Fee
  • Number Of Units Month To Month: 5
  • Units Furnished: None

Building Info

  • Number of Units Total: 7

Tax Info

  • County Transfer Tax Rate: 1.10

Multi Family

  • Gross Rent Multiplier: 9.15
  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: $820-$1743
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: $2352-$3075
  • Gross Income Multiplier: 9.620
  • Number Of1 Bedrooms Occupied: 3
  • Number Of2 Bedrooms Occupied: 4
  • Number Of Units Leased: 7
  • Separate Meters: Common Area Meter, Electricity

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2023
Closed on
Jan 10, 2024
Sold by
Bought by
Seller's Agent
Astrid Lacitis
Vanguard Properties
Buyer's Agent
Suguey Melgar
MELGAR REAL ESTATE SERVICES
List Price
$1,775,000
Sold Price
$1,600,000
Premium/Discount to List
-$175,000
-9.86%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$876,855
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 17, 2023
Closed on
Jan 3, 2024
Sold by
Bought by
Seller's Agent
Astrid Lacitis
Vanguard Properties
Buyer's Agent
Suguey Melgar
MELGAR REAL ESTATE SERVICES
List Price
$1,775,000
Sold Price
$1,600,000
Premium/Discount to List
-$175,000
-9.86%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$876,855
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
5.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title Compan
$1,600,000 Fidelity National Title Compan
$998,000 Fidelity National Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $900,000
Previous Owner $605,000
Previous Owner $640,000
Previous Owner $590,000
Previous Owner $620,000
Previous Owner $660,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/16/2024 01/16/24 Sold $1,600,000 -9.9% $282 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $1,775,000 -- $313 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $28,483 $1,627,920 $571,200 $1,056,720
2024 $23,825 $1,394,962 $347,853 $1,047,109
2023 $24,793 $1,367,620 $341,035 $1,026,585
2022 $23,748 $1,340,807 $334,349 $1,006,458
2021 $22,158 $1,314,525 $327,795 $986,730
2020 $21,957 $1,305,608 $324,436 $981,172
2019 $20,768 $1,280,103 $318,076 $962,027
2018 $20,322 $1,255,097 $311,840 $943,257
2017 $19,341 $1,228,926 $305,728 $923,198
2016 $18,865 $1,204,893 $299,735 $905,158
2015 $18,760 $1,186,845 $295,234 $891,611
2014 $19,426 $1,162,023 $289,452 $872,571
Source: Public Records

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 423922931

San Francisco Association of REALTORS®
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