NOT LISTED FOR SALE

3435 Martin Luther King jr Way Oakland, CA 94609

Hoover-Foster Neighborhood

Estimated Value: $1,259,000 - $1,342,000

-- Bed
4 Baths
3,759 Sq Ft
$347/Sq Ft Est. Value

Last Sold August 21, 2019

Last sale price $1,210,000 $322 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,646/month

9 Days on Market

Highlights

  • 0.24 Acre Lot
  • Victorian Architecture
  • Fireplace
  • Wood Flooring
  • Corner Lot
  • Storage

About This Home

As of August 2019

Investor's will have a hard time finding better cash flow in Oakland! 4 Large Apartments Walking Distance to Macarthur BART station. Turn Key Investment with Fantastic In-Place Income. Great Cash Flow Immediately with a 6.13% in-place Cap Rate and $105,300 gross annual income. Central Location - Close to Downtown Oakland/Bart with a Walk Score of 86, and a Bike Score of 90. It's just a 9 Minute Walk to Macarthur BART (0.6 Miles). Just under 1.5 Miles To The FOX Theater And Downtown Oakland. There is automatic upside with the potential to build 5 more units on this land. 3 Units Have Been Beautifully Renovated with hardwood floors/paint, quartz counter tops, refurbished cabinets, new appliances, etc.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 07/24/2017

Last Buyer's Agent

Keith Manson

Cushman & Wakefield License #01490046 Listed on: 07/24/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,344

Year Built

  • Built in 1910

Lot Details

  • 10,400 Sq Ft Lot
  • Dog Run
  • Corner Lot

Home Design

  • Quadruplex
  • Victorian Architecture
  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,759 Sq Ft Home
  • Fireplace
  • Storage
  • Wood Flooring

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Additional Features

  • Built-In Barbecue
  • Wall Furnace

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 009-0738-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,344

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Architectural Style: Victorian
  • Year Built: 1910
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Storage Area
  • Appliances: Built-In BBQ
  • Flooring: Wood
  • Interior Amenities: Storage Area(s)
  • Laundry Features: In Common Area
  • Price Per Square Foot: 321.89
  • Square Footage: 3759.00

Exterior Features

  • Construction Materials: Stucco
  • Exterior Features: Dog Run
  • Foundation: Concrete, Concrete Perimeter, Pillar/Post/Pier
  • Roof: Shingle

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Fireplace(s), Wall Furnace

Lot Info

  • Assessor Parcel Number: 009-0738-001
  • Lot Features: Corner, Garden
  • Lot Size Acres: 0.2388
  • Lot Size Sq Ft: 10400.00
  • Lot Size Units: SqFt
  • Price Per Acre: 5067001.68
  • Zoning: RU-1

Rental Info

  • Lease Term: YRLS,MTOM
  • Tenant Pays: Electricity, Gas

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Rent Multiplier: 11.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2017
Sold by
Bay Bridge Capital Mlk Llc
Bought by
Mengesha Zelalem A
Current Estimated Value
$1,243,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,210,000
Outstanding Balance
$1,021,710
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$318,538

Purchase Details

Closed on
Aug 3, 2016
Sold by
Pascale Alex and Husband Casey
Bought by
Bay Bridge Capital Mlk Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2016
Sold by
Bay Area Real Estate Syndicate 3435 Mlk
Bought by
Pascale Alex 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
$708,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2011
Sold by
Bandarra Jason
Bought by
Bandarra Jason and Bandarra Van Lue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 23, 2011
Sold by
Campbell Scott
Bought by
Bandarra Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 22, 1994
Sold by
Campbell Scott
Bought by
Campbell Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
7.09%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mengesha Zelalem A $1,210,000 Fidelity National Title Co
Bay Bridge Capital Mlk Llc -- None Available
Pascale Alex -- None Available
Pascale Alex $910,000 First American Title Company
Bandarra Jason -- None Available
Bandarra Jason $270,000 Chicago Title Company
Campbell Scott -- American Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mengesha Zelalem A $1,210,000
Previous Owner Pascale Alex $708,000
Previous Owner Bandarra Jason $205,600
Previous Owner Bandarra Jason $230,000
Previous Owner Buckley Richard W $101,500
Previous Owner Campbell Scott $114,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2019 08/21/19 Sold $1,210,000 0.0% $322 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
07/24/2017 07/24/17 For Sale $1,210,000 -- $322 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

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 $21,344 $1,376,750 $413,025 $963,725
2024 $21,344 $1,349,754 $404,926 $944,828
2023 $22,214 $1,323,291 $396,987 $926,304
2022 $21,470 $1,297,348 $389,204 $908,144
2021 $20,390 $1,271,914 $381,574 $890,340
2020 $20,152 $1,258,883 $377,665 $881,218
2019 $19,298 $1,234,200 $370,260 $863,940
2018 $18,877 $1,210,000 $363,000 $847,000
2017 $14,616 $928,200 $278,460 $649,740
2016 $5,875 $292,207 $87,662 $204,545
2015 $5,827 $287,820 $86,346 $201,474
2014 $5,860 $282,181 $84,654 $197,527
Source: Public Records

Agents Affiliated with this Home

  • Keith Manson

    Seller's Agent in 2019

    Keith Manson

    Cushman & Wakefield

    (415) 244-6300

    38 Total Sales

    Section Image
  • Zachary Greenwood

    Buyer Co-Listing Agent in 2019

    Zachary Greenwood

    Cushman & Wakefield

    (559) 930-1770

    32 Total Sales

    Section Image
See All Agents

Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 460749

San Francisco Association of REALTORS® MLS

APN: 009-0738-001-00

California Alameda County Oakland 94609 Hoover-Foster

3435 Martin Luther King jr Way, Oakland, CA

This home is located at 3435 Martin Luther King jr Way, Oakland, CA 94609 since 24 July 2017 and is currently estimated at $1,304,420, approximately $347 per square foot. This property was built in 1910. 3435 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.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes