$1,150,000
SOLD AUG 22, 2019
8 Beds
5 Baths
3,698 Sq Ft
6,752 Sq Ft Lot

Recently Sold

$311 Per Sq Ft

19% Above List Price

9 Days on Market

Highlights

  • Coin Laundry
  • Washer and Dryer
  • 4-minute walk to Gwen Jackson Park

About This Home

As of August 2019

Fantastic well maintained 4-plex with 2 vacant units upstairs! Excellent upside potential for investors or house hack owner occupant. Property consists of (1) one unit of 3 Bd 1.5 Ba upstairs, will be delivered VACANT; (2) two units of 2 Bd 1 Ba, upstairs one is VACANT, downstairs one is occupied by stable tenants; and (1) one unit of 1 Bd 1 Ba in downstairs, occupied by tenants. All bright and spacious, lots of storage, attached 2 car garage plus 5 car parking space in front, separated utility room with extra coined laundry income, nice backyard with lush fruiting trees. NEW ROOF (2016), new water heater (2014), new fence (2016) and new electric sub panel installed (2019). Up & coming Oakland neighborhood with high walk score, minutes to Fruitvale BART/public transportation, close to Lake Merritt as well as Samuel Merritt University makes this property perfect for an owner/occupant, investor, or even first time home buyer!

Last Listed By

Wen Guo RE Group

KW Advisors License #70010161 Listed on: 07/19/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,021

Year Built

  • 1964

Parking

  • 2 Car Garage

Home Design

  • Quadruplex
  • Tar and Gravel Roof

Interior Spaces

  • 3,698 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Additional Features

  • 6,752 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $85,020

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 2 Leased Units
  • Insurance Expense $1,500
  • Utility Expense $4,000
  • Trash Expense $2,400
  • Operating Expense $17,600
  • Gross Income $86,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,021

Year Built

1964

Lot Details

0

Parking

2

Listing Details

  • Zoning: n/a
  • Subclass: Fourplex
  • Age: 55
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3698
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3698
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer

Exterior Features

  • Roof: Tar And Gravel

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 5
  • Garage Parking Features: Attached Garage, Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Oakland Unified

Lot Info

  • Lot Acres: 0.1550
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6750.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 11.26
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expenses Total: 17600
  • Expenses Utility: 4000
  • Expense Trash: 2400
  • Income Annual Gross: 86020.00
  • Income Annual Rental: 85020
  • Income Gross Scheduled: 86020
  • Income Includes: Laundry
  • Income Other: 1000
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2019
Closed on
Aug 12, 2019
Sold by
Chan Chee Lun and Chan Winnie W K
Bought by
Watts David A and Watts Sheila A
Seller's Agent
Wen Guo RE Group
KW Advisors
List Price
$969,000
Sold Price
$1,150,000
Premium/Discount to List
$181,000
18.68%
Total Days on Market
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.68%
Original Mortgage
$1,036,500
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2004
Sold by
Chan Chee Lun and Chan Winnie W K
Bought by
Chan Chee Lun and Chan Winnie W K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.39%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,150,000 First American Title
Interfamily Deed Transfer $103,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $862,500 New Conventional
Closed $1,036,500 Commercial
Closed $1,036,500 Construction
Previous Owner $310,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $1,200,000 +4.3% $324 / Sq Ft
08/22/2019 08/22/19 Sold $1,150,000 +18.7% $311 / Sq Ft
07/29/2019 07/29/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $969,000 -- $262 / Sq Ft
Source: MLSListings

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
2024 $23,021 $1,233,017 $369,905 $863,112
2023 $22,495 $1,208,844 $362,653 $846,191
2022 $22,393 $1,185,143 $355,543 $829,600
2021 $21,442 $1,161,913 $348,574 $813,339
2020 $19,206 $1,150,000 $345,000 $805,000
2019 $10,169 $590,611 $177,183 $413,428
2018 $9,950 $579,033 $173,710 $405,323
2017 $9,461 $567,680 $170,304 $397,376
2016 $9,162 $556,550 $166,965 $389,585
2015 $9,106 $548,190 $164,457 $383,733
2014 $9,429 $537,454 $161,236 $376,218
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81761316

MLSListings

APN: 027-0857-020-00