NOT LISTED FOR SALE

3331 Martin Luther King jr Way Oakland, CA 94609

Hoover-Foster Neighborhood

Estimated Value: $1,035,000 - $1,229,000

9 Beds
3 Baths
3,050 Sq Ft
$371/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $960,000 $315 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,834/month

25 Days on Market

Highlights

  • Partial Gulf or Ocean Views
  • Corner Lot
  • Fireplace
  • Engineered Wood Flooring
  • No HOA
  • Garden

About This Home

As of February 2021

Extraordinary victorian triplex with strong cashflow features, original victorian details, large owner's unit penthouse flat, updated kitchen (2012), updated baths (2012), retrofitted foundation (2012), large yard with ADU potential (buyer to investigate), newer roof (2012) all on a private corner lot in a great central location. This property is a great opportunity for investment or owner occupier as the property has a good income history with low vacancy at a 6.95% CAP Rate on Actual (taxes based on $998k sales price).

Last Agent to Sell the Property

Derrick Tyler

Red Oak Realty License #01954708 Listed on: 11/18/2020

Red Oak Realty

Co-Listed By

Mark Lederer

Red Oak Realty License #01345197

Last Buyer's Agent

Katie Pratt

Compass License #02021256

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,782

Year Built

  • Built in 1906

Lot Details

  • 3,750 Sq Ft Lot
  • Perimeter Fence
  • Corner Lot
  • Garden
  • Back Yard

Property Views

  • Partial Bay or Harbor
  • Downtown

Home Design

  • Triplex
  • Wood Siding

Interior Spaces

  • Fireplace
  • Unfinished Basement
  • Walk-Out Basement

Flooring

  • Engineered Wood
  • Carpet
  • Linoleum
  • Cork
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Bathrooms
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 97251

Community Details

Overview

  • No Home Owners Association
  • 3,050 Sq Ft Building
  • Bridge Aor Association

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,782

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Year Built: 1906
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Co List Office Mls Id: OBBREDO
  • Directions: 00619098
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: Other
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood, Linoleum, Tile, Vinyl, Carpet, Engineered Wood, Cork
  • Basement: Separate Entry, Storage Space, Unfinished, Full
  • Appliances: Dryer, Washer, Gas Water Heater
  • Total Bedrooms: 9
  • Fireplace: Yes
  • Interior Amenities: Shower Stall(s), Tub w/Shower Over

Exterior Features

  • Fencing: Fenced, Perimeter
  • Lot Features: Corner Lot, Level, Premium Lot, Street Light(s)
  • View: City Lights, Downtown, Partial, City
  • View: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Back Yard, Yard Space, Garden

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, On Street, See Remarks, Street Parking

Utilities

  • Heating: Forced Air, Wall Furnace
  • Utilities: Individual Electric Meter
  • Cooling: No Air Conditioning
  • Laundry Features: Coin Operated, Community Facility, Dryer, Laundry Room, Washer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: No Solar

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 3750
  • Parcel Number: 97251
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2020
Closed on
Jan 21, 2021
Sold by
Kalman Kenneth M and Bernstein Robin
Bought by
Gossner Corinna and Gossner Martin
Seller's Agent
Derrick Tyler
Red Oak Realty
Buyer's Agent
Katie Pratt
Compass
List Price
$998,000
Sold Price
$960,000
Premium/Discount to List
-$38,000
-3.81%
Current Estimated Value
$1,144,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,990
Avg. Annual Appreciation
1.48%
Original Mortgage
$720,000
Outstanding Balance
$650,962
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$375,185

Purchase Details

Closed on
Jul 26, 2017
Sold by
Kalman Kenneth M and Bernstein Robin L
Bought by
Kalman Kenneth and Bernstein Robin

Purchase Details

Closed on
Dec 6, 2011
Sold by
Bank Of New York
Bought by
Kalman Kenneth M and Bernstein Robin L

Purchase Details

Closed on
Jun 20, 2008
Sold by
Alingas Francis H
Bought by
Bank Of New York and Cwalt Inc Alternative Loan Trust 2005 76

Purchase Details

Closed on
Nov 25, 2002
Sold by
Vardanega Robert
Bought by
Alingas Francis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
6.25%

Purchase Details

Closed on
Oct 12, 2000
Sold by
Xu Mei Na
Bought by
Vardanega Robert

Purchase Details

Closed on
Oct 10, 2000
Sold by
Wong Jack T and Wong Fannie L
Bought by
Vardanega Robert

Purchase Details

Closed on
Aug 23, 1999
Sold by
Mangrum Frederick R and The Swan Lake Revocable Trust
Bought by
Wong Jack Tin and Wong Fannie Lai Fun

Purchase Details

Closed on
Jun 22, 1994
Sold by
Wong Jack Tin and Wong Fannie Lai Fun
Bought by
Wong Jack Tin and Wong Fannie Lai Fun
Source: Public Records

Range of Values:

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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
Gossner Corinna $960,000 Old Republic Title Company
Kalman Kenneth -- None Available
Kalman Kenneth M $220,000 First American Title Company
Bank Of New York $293,250 Landsafe Title
Alingas Francis H $470,000 Commonwealth Land Title Co
Vardanega Robert -- Chicago Title Co
Vardanega Robert $113,000 Chicago Title Co
Wong Jack Tin $50,000 --
Mangrum Frederick R -- --
Wong Jack Tin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gossner Corinna $178,000
Open Gossner Corinna $720,000
Previous Owner Kalman Kenneth M $199,500
Previous Owner Alingas Francis H $487,500
Previous Owner Alingas Francis H $404,000
Previous Owner Alingas Francis H $50,500
Previous Owner Alingas Francis H $423,000
Previous Owner Vardanega Robert $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $960,000 -- --
02/01/2021 02/01/21 Sold $960,000 -3.8% $315 / Sq Ft
12/13/2020 12/13/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $998,000 -- $327 / Sq Ft
Source: bridgeMLS

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 $18,782 $1,265,097 $311,736 $953,361
2024 $18,782 $1,240,295 $305,625 $934,670
2023 $19,727 $1,215,983 $299,635 $916,348
2022 $16,164 $979,200 $293,760 $685,440
2021 $5,676 $255,278 $76,583 $178,695
2020 $5,606 $252,663 $75,799 $176,864
2019 $5,193 $247,710 $74,313 $173,397
2018 $5,086 $242,855 $72,856 $169,999
2017 $4,803 $238,094 $71,428 $166,666
2016 $4,592 $233,425 $70,027 $163,398
2015 $4,562 $229,921 $68,976 $160,945
2014 $4,713 $225,418 $67,625 $157,793
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Derrick Tyler

    Red Oak Realty

    (415) 310-7453

    1 in this area

    37 Total Sales

    Section Image
  • Mark Lederer

    Seller Co-Listing Agent in 2021

    Mark Lederer

    Red Oak Realty

    (510) 527-3387

    2 in this area

    82 Total Sales

    Section Image
  • Katie Pratt

    Buyer's Agent in 2021

    Katie Pratt

    Compass

    (855) 405-0442

    1 in this area

    37 Total Sales

    Section Image
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Map

Source: bridgeMLS

MLS Number: 40929645

bridgeMLS

APN: 009-0725-001-00

California Alameda County Oakland 94609 Hoover-Foster

3331 Martin Luther King jr Way, Oakland, CA

This home is located at 3331 Martin Luther King jr Way, Oakland, CA 94609 since 18 November 2020 and is currently estimated at $1,132,000, approximately $371 per square foot. This property was built in 1906. 3331 Martin Luther King jr Way is a home located in Alameda County with nearby schools including Hoover Elementary School, Westlake Middle School, and McClymonds High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

bridgeMLS Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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