NOT LISTED FOR SALE

Estimated Value: $993,816 - $1,227,000

8 Beds
4 Baths
3,725 Sq Ft
$299/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $1,300,000 $349 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $7,602/month

17 Days on Market

Highlights

  • No HOA
  • Landscaped
  • Heating Available
  • Cul-De-Sac
  • Coin Laundry
  • 1-minute walk to Peralta Hacienda Historical Park

About This Home

As of March 2022

Peralta Hacienda Apartments is a well-maintained fourplex located at the end of a city-designated "Slow Street" on a quiet cul-de-sac. The building consists of four 2-bed/1-bath units each measuring 930 SF, ideal for work-from-home professionals. Significant value-add opportunity with the potential to convert apartments into 3-bed units and add a fifth unit in unused storage area. The property is generating reliable cash-flow with two Section 8 tenants. 100% rent collection throughout the pandemic. Electric and gas meters are separate and utility expenses are low. The current owner has completed many recent capital improvements including a new roof and three upgraded units. Additional tenant amenities include four off-street parking spaces and leased laundry machines that provide additional income. The property is NOT on the City of Oakland soft-story list.

Last Agent to Sell the Property

David Nelson

Marcus & Millichap License #01716942 Listed on: 01/10/2022

Last Buyer's Agent

David Nelson

Marcus & Millichap License #01716942 Listed on: 01/10/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,162 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped

Home Design

  • Quadruplex
  • Stucco

Laundry

  • Dryer
  • Washer

Home Security

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

Parking

  • Covered Parking
  • Off-Street Parking

Additional Features

  • Laminate Flooring
  • Heating Available

Community Details

Overview

  • No Home Owners Association
  • 3,725 Sq Ft Building
  • Bridge Aor Association

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

5,162 Sq Ft Lot

Listing Details

  • Year Built: 1962
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Directions: 34th Avenue at Peralta Hacienda Park
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Basement: None
  • Appliances: Dryer, Washer
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Cul-De-Sac, Level, Landscape Front
  • Construction Type: Stucco
  • Exterior Features: No Yard, Landscape Front, Low Maintenance

Garage/Parking

  • Attached Garage: No
  • Parking Features: Covered, Off Street, Space Per Unit - 1

Utilities

  • Heating: Electric
  • Utilities: Individual Electric Meter, Individual Gas Meter
  • Cooling: No Air Conditioning
  • Laundry Features: Coin Operated, Laundry Room
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5162
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Mar 8, 2022
Sold by
Alan San Martin
Bought by
Liang Zhen Qiang and Liang Tiffany Yu
Seller's Agent
David Nelson
Marcus & Millichap
Buyer's Agent
David Nelson
Marcus & Millichap
List Price
$1,295,000
Sold Price
$1,300,000
Premium/Discount to List
$5,000
0.39%
Current Estimated Value
$1,112,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$187,046
Avg. Annual Appreciation
-3.77%
Original Mortgage
$975,000
Outstanding Balance
$910,964
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$201,990

Purchase Details

Closed on
Mar 7, 2018
Sold by
Hoang Huy Tuan
Bought by
Martin Alan San

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2013
Sold by
Fontenot Jacobs Jr James H and Fontenot Jacobs Alice
Bought by
Hoang Huy Tuan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2013
Sold by
Fontenot Jacobs Jr James H and Fontenot Jacobs Alice
Bought by
Fontenot Jacobs Jr James H and Fontenot Jacobs Alice
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
Liang Zhen Qiang $1,300,000 Old Republic Title
Martin Alan San $960,000 Fidelity National Title Comp
Hoang Huy Tuan $570,000 Chicago Title Company
Fontenot Jacobs Jr James H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liang Zhen Qiang $975,000
Previous Owner Martin Alan San $960,000
Previous Owner Hoang Huy Tuan $427,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,300,000 -- --
03/14/2022 03/14/22 Sold $1,300,000 +0.4% $349 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $1,295,000 -- $348 / Sq Ft
Source: bridgeMLS

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 $20,960 $1,379,560 $413,868 $965,692
2024 $20,960 $1,352,520 $405,756 $946,764
2023 $21,979 $1,326,000 $397,800 $928,200
2022 $19,497 $1,029,301 $308,790 $720,511
2021 $21,714 $1,009,122 $302,736 $706,386
2020 $18,270 $998,783 $299,635 $699,148
2019 $17,598 $979,200 $293,760 $685,440
2018 $10,525 $614,094 $184,228 $429,866
2017 $10,019 $602,056 $180,617 $421,439
2016 $9,712 $590,251 $177,075 $413,176
2015 $9,655 $581,388 $174,416 $406,972
2014 $10,554 $570,000 $171,000 $399,000
Source: Public Records

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Map

Source: bridgeMLS

MLS Number: 40977580

bridgeMLS

APN: 027-0877-035-04

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