NOT LISTED FOR SALE

37124 Oak St Newark, CA 94560

Estimated Value: $1,362,000 - $1,600,000

7 Beds
3 Baths
2,268 Sq Ft
$632/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $1,320,000 $582 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,959/month

11 Days on Market

Highlights

  • 3 Car Attached Garage
  • 1-Story Property
  • 4-minute walk to Jerry Raber Ash Street Park
  • Tile Flooring

About This Home

As of October 2021

DON'T MISS THIS OPPORTUNITY TO OWN A MULTI-UNIT in Newark. This property is a Tri-plex with 3 units, each with its own 1 car garage and large back yard. Tenants have been long term tenants and very quiet. The first unit is already house hacked with an extra bedroom and its own entry. It also has been updated, freshly painted and ready to move in. Each of the units consist of 2 beds and 1 bath separate meters, ample parking spaces on the driveway and on the streets. One unit is vacant so the new owner can make their own rents or live in the unit and get rental income on the other two units. This property will not last long.

Last Agent to Sell the Property

Lana Hien Nguyen

CENTURY 21 Masters License #01874327 Listed on: 09/10/2021

CENTURY 21 Masters

Co-Listed By

Rich Kwok

CENTURY 21 Masters License #01352601

Last Buyer's Agent

Luis Vasquez

Corcoran Icon Properties License #02083319

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 10,184

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,268 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher

Flooring

  • Laminate
  • Tile

Additional Features

  • 10,184 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $38,100

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,920
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Operating Expense $22,178
  • Gross Income $34,290

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Parking

3

Listing Details

  • Zoning: triplex
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2268
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Cooktop - Gas, Dishwasher, Oven - Gas, Refrigerator
  • Living Sq Ft: 2268
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Gate / Door Opener

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 27017

Lot Info

  • Lot Acres: 0.2338
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10186.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10186.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 33.83
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 1920
  • Expenses Total: 22178
  • Expense Trash: 1200
  • Income Annual Gross: 34290.00
  • Income Annual Rental: 38100
  • Income Gross Scheduled: 38100
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Oct 12, 2021
Sold by
Phung Khoa and Ngo Thiery
Bought by
Lyon Paul W and Lyon Roseanne F
Seller's Agent
Lana Hien Nguyen
CENTURY 21 Masters
Buyer's Agent
Luis Vasquez
Corcoran Icon Properties
List Price
$1,289,000
Sold Price
$1,320,000
Premium/Discount to List
$31,000
2.4%
Current Estimated Value
$1,433,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,101
Avg. Annual Appreciation
1.97%
Original Mortgage
$1,056,000
Outstanding Balance
$962,974
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$470,127

Purchase Details

Closed on
Dec 4, 2017
Sold by
Ngo Thiery Diem
Bought by
Phung Khoa and Ngo Thiery

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jul 6, 2015
Sold by
Phung Khoa V
Bought by
Ngo Thiery Diem
Seller's Agent
Shannon Rose
Keller Williams Thrive
Buyer's Agent
Rich Kwok
RE/MAX By The Bay
List Price
$685,000
Sold Price
$685,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$513,750
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jun 2, 2015
Sold by
Neuman Anita
Bought by
Ngo Thiery Diem
Seller's Agent
Shannon Rose
Keller Williams Thrive
Buyer's Agent
Rich Kwok
RE/MAX By The Bay
List Price
$685,000
Sold Price
$685,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2003
Sold by
Aguilar Marcelino
Bought by
Neuman Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.98%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 1, 2000
Sold by
Hatter Wiley
Bought by
Aguilar Marcelino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
8.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lyon Paul W $1,320,000 Orange Coast Ttl Co Of Nocal
Phung Khoa -- None Available
Ngo Thiery Diem -- Old Republic Title Company
Ngo Thiery Diem $685,000 Old Republic Title Company
Neuman Anita $725,000 Fidelity National Title Co
Aguilar Marcelino $342,000 New Century Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyon Paul W $1,056,000
Previous Owner Ngo Thiery Diem $513,750
Previous Owner Neuman Anita $450,000
Previous Owner Aguilar Marcelino $273,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2021 10/22/21 Sold $1,320,000 +2.4% $582 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $1,289,000 +88.2% $568 / Sq Ft
07/08/2015 07/08/15 Sold $685,000 0.0% $302 / Sq Ft View Prior Sale
05/07/2015 05/07/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $685,000 -- $302 / 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
2025 $17,664 $1,393,783 $560,313 $840,470
2024 $17,664 $1,366,327 $549,331 $823,996
2023 $17,167 $1,346,400 $538,560 $807,840
2022 $16,927 $1,313,000 $528,000 $792,000
2021 $10,315 $749,136 $229,662 $519,474
2020 $10,003 $741,457 $227,308 $514,149
2019 $9,869 $726,922 $222,852 $504,070
2018 $9,712 $712,674 $218,484 $494,190
2017 $9,464 $698,700 $214,200 $484,500
2016 $9,358 $685,000 $210,000 $475,000
2015 $9,626 $700,000 $210,000 $490,000
2014 $7,271 $510,000 $153,000 $357,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81862144

MLSListings

APN: 092-0131-001-03