NOT LISTED FOR SALE
Studio
-- Baths
5,495 Sq Ft
7,500 Sq Ft Lot

Sale Details

Date Sold: October 23, 2021

Last sale price $1,630,000 $297 Per Sq Ft

18 Days on Market

Highlights

  • 0.17 Acre Lot
  • Coin Laundry
  • Heating System Uses Natural Gas
  • No HOA
  • Carpet

About This Home

As of October 2021

Well maintained seven unit apartment building located in a quiet neighborhood in Lake Merritt area. All large two bedroom units with three units recently renovated within the last three years. Parking lot next to the building. Laundry room in the back of the building. Both provide extra income. Great investment opportunity with Current cap rate 6% and pro forma 8.5%.

Last Agent to Sell the Property

Bing Udinsky

BING REALTY License #01876139 Listed on: 07/17/2021

Last Buyer's Agent

Davide Pio, CCIM

Bcre License #01522969

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,500

Parking

  • Parking Lot

Home Design

  • Stucco

Flooring

  • Carpet
  • Laminate

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Free-Standing Range
  • 7,500 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 2230115

Community Details

Overview

  • No Home Owners Association
  • 5,495 Sq Ft Building
  • Bridge Aor Association
  • Lake Merritt Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Year Built: 1962
  • Property Sub Type: 5 or More Units
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.17
  • Subdivision Name: LAKE MERRITT
  • Directions: 12TH AVE
  • Carport Y N: No
  • Garage Yn: No
  • Special Features: None

Interior Features

  • Flooring: Laminate, Carpet
  • Basement: None
  • Appliances: Free-Standing Range, Refrigerator
  • Fireplace: No

Exterior Features

  • Lot Features: Level
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Natural Gas, Wall Furnace
  • Utilities: All Public Utilities, Individual Electric Meter, Individual Gas Meter
  • Cooling: Other
  • Laundry Features: Coin Operated, Common Area
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 7500
  • Parcel Number: 2230115
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: Y

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
Jul 17, 2021
Closed on
Oct 21, 2021
Sold by
Bought by
Seller's Agent
Bing Udinsky
BING REALTY
Buyer's Agent
Davide Pio, CCIM
Bcre
List Price
$1,788,000
Sold Price
$1,630,000
Premium/Discount to List
-$158,000
-8.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,222,500
Outstanding Balance
$1,092,804
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 9, 2019
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
$1,150,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2011
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
$441,000
Interest Rate
4.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2011
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
$441,000
Interest Rate
4.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 2011
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
$441,000
Interest Rate
4.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 19, 2002
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
$605,000
Interest Rate
6.78%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Clinton, CA

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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
$1,630,000 Old Republic Title Company
-- Chicago Title Company
-- None Available
-- None Available
-- Chicago Title Company
$600,000 Chicago Title Company
$470,000 Servicelink
$600,000 Fidelity National Title Co
$600,000 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 $1,222,500
Previous Owner $1,150,000
Previous Owner $441,000
Previous Owner $666,250
Previous Owner $605,000
Previous Owner $110,000
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
02/04/2025 02/04/25 Off Market $1,630,000 -- --
10/23/2021 10/23/21 Sold $1,630,000 -3.4% $297 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/31/2021 07/31/21 Price Changed $1,688,000 -5.6% $307 / Sq Ft
07/17/2021 07/17/21 For Sale $1,788,000 -- $325 / Sq Ft
Source: bridgeMLS

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
2026 $28,754 $1,760,664 $492,501 $1,268,163
2025 $28,754 $1,726,147 $482,846 $1,243,301
2024 $27,572 $1,692,314 $473,382 $1,218,932
2023 $28,793 $1,659,132 $464,100 $1,195,032
2022 $27,684 $1,626,600 $455,000 $1,171,600
2021 $13,796 $705,993 $221,917 $484,076
2020 $13,667 $702,174 $219,643 $482,531
2019 $12,670 $688,479 $215,338 $473,141
2018 $12,396 $675,051 $211,117 $463,934
2017 $11,689 $661,542 $206,979 $454,563
2016 $11,351 $648,633 $202,921 $445,712
2015 $11,279 $638,941 $199,875 $439,066
2014 $11,734 $626,949 $195,960 $430,989
Source: Public Records

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Map

Source: bridgeMLS

MLS Number: 40959317

bridgeMLS
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