NOT LISTED FOR SALE

Estimated Value: $740,000 - $1,073,000

6 Beds
4 Baths
1,991 Sq Ft
$446/Sq Ft Est. Value

Last Sold June 22, 2021

Last sale price $1,145,000 $575 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $5,885/month

19 Days on Market

Highlights

  • 0.17 Acre Lot
  • Corner Lot
  • Double Pane Windows
  • Vaulted Ceiling
  • Fenced Yard
  • Security Gate

About This Home

As of June 2021

2243 12th Ave is a 4-unit apartment building located in the East Lake neighborhood of Oakland near Highland Hospital. The 1,991 SF structure was constructed in 1890 and is situated on a 7,500 SF / 0 .17acre lot. The property features an efficient unit mix of 2 X 1-bed, 1-bath units and 2 X 2-bed, 1-bath units. There have been significant interior and exterior capital improvements completed at the property including a new exterior paint job. 3 of the 4 units have been upgraded and feature new floors throughout, updated kitchens with new cabinets, quartz countertops, and stainless-steel appliances, updated bathrooms, forced air heating, new light fixtures, updated electrical and dual pane windows. Additionally, 2 of the 4 units have vaulted ceilings. Every unit is individually metered for gas, electric and water and each unit has its own individual water heater leaving few operating expenses for the owner to pay for. The property also offers storage closets and a lush grass lawn.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #DRE #01490046 Listed on: 04/06/2021

Co-Listed By

Zachary Greenwood

Cushman & Wakefield License #DRE #01960296

Last Buyer's Agent

Bert Aranda

License #00849436

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890 | Remodeled

Lot Details

  • 7,500 Sq Ft Lot
  • Fenced Yard
  • Security Fence
  • Landscaped
  • Corner Lot

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,991 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Storage

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Microwave
  • Free-Standing Freezer

Flooring

  • Tile
  • Vinyl

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Playground

Utilities

  • Central Heating
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units
  • Coin Laundry
  • 4 Leased Units

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Assessor Parcel Number 022-0301-020-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1890 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Property Condition: Updated/Remodeled
  • Levels: Two
  • Stories: 2
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Basement: Other
  • Appliances: Free Standing Freezer, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater, Microwave
  • Flooring: Tile, Vinyl
  • Interior Amenities: Storage Area(s), Vaulted Ceiling(s)
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 575.09
  • Square Footage: 1991.00
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame, Stucco, Wood
  • Exterior Features: Fenced Yard, Play Area, Yard Space
  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Off Street, Uncovered
  • Total Parking Spaces: 2.00
  • Independent Parking Spaces: 2

Utilities

  • Heating: Central
  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Secured Access, Security Fence, Security Gate, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: City
  • Water Source: Public

Lot Info

  • Assessor Parcel Number: 022-0301-020-00
  • Lot Features: Corner, Curb(s), Curbs/Gutters, Landscape Front, Shape Regular, Sidewalk
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7500.00
  • Lot Size Units: SqFt
  • Price Per Acre: 6649245.06
  • Zoning: RM-3

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Electricity, Gas, Sewer, Water
  • Units Furnished: None

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Rent Multiplier: 13.81
  • 1 Bedroom Rent Range: 999-1,795
  • Two Bedroom Rent Range: 2,100-2,200
  • Number Of1 Bedrooms Occupied: 2
  • Number Of2 Bedrooms Occupied: 2
  • Number Of Units Leased: 4
  • Separate Meters: Common Area Meter, Electricity, Gas, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2023
Sold by
Kong Fanlang and Kong Jie
Bought by
Kong & Bai Family Trust and Kong
Current Estimated Value
$888,167

Purchase Details

Listed on
Apr 6, 2021
Closed on
May 26, 2021
Sold by
Novak Chase and Husband Casey
Bought by
Avantera Holdings 1 Llc
Seller's Agent
Keith Manson
Cushman & Wakefield
Buyer's Agent
Bert Aranda
List Price
$1,100,000
Sold Price
$1,145,000
Premium/Discount to List
$45,000
4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.44%
Original Mortgage
$858,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2021
Closed on
May 25, 2021
Sold by
Avantera Holdings 1 Llc
Bought by
Kong Fanlang and Bai Jie
Seller's Agent
Keith Manson
Cushman & Wakefield
Buyer's Agent
Bert Aranda
List Price
$1,100,000
Sold Price
$1,145,000
Premium/Discount to List
$45,000
4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$858,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2019
Sold by
Huynh Van and Lam Nguyet
Bought by
Novak Chase and Husband Casey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$627,412
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2014
Sold by
Huynh Van and Lam Nguyet
Bought by
Huynh Lam Living Trust

Purchase Details

Closed on
Sep 6, 2011
Sold by
3305 Elm Street Llc
Bought by
Huynh Van and Lam Nguyet

Purchase Details

Closed on
Apr 11, 2011
Sold by
Luu Sai A and Trieu Christina
Bought by
3305 Elm Street Llc

Purchase Details

Closed on
Jan 9, 1997
Sold by
Mumaugh Rosemary
Bought by
Luu Sai A and Trieu Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.46%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kong & Bai Family Trust -- None Listed On Document
Avantera Holdings 1 Llc $575,500 Chicago Title Company
Kong Fanlang $1,145,000 Chicago Title
Avantera Holdings 1 Llc $575,500 Chicago Title
Novak Chase $837,000 Old Republic Title Company
Huynh Lam Living Trust -- None Available
Huynh Van $434,000 Old Republic Title Company
3305 Elm Street Llc $160,000 None Available
Luu Sai A $95,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kong Fanlang $858,750
Previous Owner Novak Chase $627,412
Previous Owner Luu Sai A $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2021 06/22/21 Sold $1,145,000 +4.1% $575 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $1,100,000 -- $552 / Sq Ft
Source: San Francisco 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 $14,942 $950,000 $285,000 $665,000
2024 $14,942 $875,000 $262,500 $612,500
2023 $20,130 $1,191,257 $357,377 $833,880
2022 $19,436 $1,167,900 $350,370 $817,530
2021 $14,516 $862,063 $258,619 $603,444
2020 $14,347 $853,230 $255,969 $597,261
2019 $8,870 $488,665 $146,599 $342,066
2018 $8,680 $479,087 $143,726 $335,361
2017 $8,234 $469,695 $140,908 $328,787
2016 $7,959 $460,486 $138,146 $322,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 421535686

San Francisco Association of REALTORS®

APN: 022-0301-020-00