$960,000
SOLD OCT 16, 2020

37342 Oak St Newark, CA 94560

6 Beds
3 Baths
2,250 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$427 Per Sq Ft

18% Below List Price

128 Days on Market

Highlights

  • No HOA
  • 3 Car Garage
  • 2-minute walk to Jerry Raber Ash Street Park

About This Home

As of October 2020

Investment opportunity!!! Great Location, just 8 miles from Facebook Headquarters, two miles from Amazon Distribution Center, Seven miles from Tesla Factory, Easy freeway access to 880,580, 680, 101 and Dumbarton Bridge. Triplex apartment building, contains three (3), two bedroom/ one bath units renting at $1850-$2050 with long term tenants. DO NOT DISTURB TENANTS Please!

Last Agent to Sell the Property

Nicole Souza

Keller Williams Merced License #02040345 Listed on: 04/23/2020

Keller Williams Merced

Last Buyer's Agent

Nicole Souza

Keller Williams Merced License #02040345 Listed on: 04/23/2020

Keller Williams Merced

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,442

Year Built

  • Built in 1967

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Free-Standing Electric Oven

Additional Features

  • 7,405 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Security Deposit $4,500
  • Tenant pays for electricity gas trash collection water
  • Assessor Parcel Number 0920-1500-20

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Units Leased Month-To-Month
  • Insurance Expense $1,219
  • Operating Expense $14,819
  • Net Operating Income $54,564

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,442

Year Built

Built in 1967

Lot Details

0

Parking

3

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1967
  • Stories: 2
  • Number of Two Bedroom Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Laminate,Tile,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,Seller Property Questionnaire,Transfer Disclosure Statement
  • Foundation: Slab
  • Listing Price: 999900.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Garage

Utilities

  • Cooling: Ceiling Fan(s),Window Unit(s)
  • Heating: Wall Furnace
  • Utilities Expenses: 2851

Condo/Co-op/Association

  • Association Features: Varies By Unit
  • Association: No

Schools

  • Senior High School District: Other

Lot Info

  • Zoning Description: Multifamily
  • Lot Size Acres: 0.1700
  • Lot Size Sq Ft: 7405

Rental Info

  • Tenant Pays: Electricity,Gas,Trash Collection,Water
  • Total Deposit: 4500
  • Total # Leasable: 3

Multi Family

  • Gross Income: 70800
  • Operating Expense: 14819
  • Income Includes: Rent Only
  • Insurance Expense: 1219
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 0920-1500-20
  • Current RE Taxes: 2442
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Alameda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2020
Closed on
Oct 14, 2020
Sold by
Weiher Deawn Bernardo
Bought by
Gupta Ashok Kumar and Gupta Savita
Seller's Agent
Nicole Souza
Keller Williams Merced
Buyer's Agent
Nicole Souza
Keller Williams Merced
List Price
$1,175,000
Sold Price
$960,000
Premium/Discount to List
-$215,000
-18.3%
Current Estimated Value
$1,321,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,442
Avg. Annual Appreciation
7.27%
Original Mortgage
$720,000
Outstanding Balance
$643,290
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$711,829

Purchase Details

Closed on
Jul 26, 2016
Sold by
Weiher Deawn Bernardo and Godfrey Raelean Bernardo
Bought by
Weiher Deawn Bernardo

Purchase Details

Closed on
Jan 27, 1999
Sold by
Bernardo Leroy J and Bernardo Priscilla
Bought by
Bernardo Leroy Joseph and Bernardo Priscilla Diane
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $960,000 First American Title Company
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $960,000 -4.0% $427 / Sq Ft
08/29/2020 08/29/20 Pending -- -- --
08/24/2020 08/24/20 Price Changed $999,900 -14.9% $444 / Sq Ft
04/23/2020 04/23/20 For Sale $1,175,000 -- $522 / Sq Ft
Source: MetroList

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 $13,654 $1,039,122 $415,649 $623,473
2024 $13,654 $1,018,751 $407,500 $611,251
2023 $13,255 $998,783 $399,513 $599,270
2022 $13,049 $979,200 $391,680 $587,520
2021 $12,749 $960,000 $384,000 $576,000
2020 $2,318 $82,276 $27,575 $54,701
2019 $2,300 $80,663 $27,034 $53,629
2018 $2,248 $79,081 $26,504 $52,577
2017 $2,188 $77,530 $25,984 $51,546
2016 $7,865 $559,185 $227,816 $331,369
2015 $2,119 $74,869 $25,092 $49,777
2014 $2,062 $73,403 $24,601 $48,802
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 20023333

MetroList

APN: 092-0150-020-00