$1,600,000
SOLD JUL 15, 2021
6 Beds
4 Baths
3,581 Sq Ft
6,250 Sq Ft Lot

Recently Sold

$447 Per Sq Ft

14% Above List Price

23 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System
  • Oakland Technical High School Rated A
  • Fireplace
  • 5-minute walk to Eastshore Park

About This Home

As of July 2021

To access marketing package copy/paste: . This charming Adams Point investment opportunity offers an excellent mix of income-generating units, including two 2-bed and two 1-bed units and a converted garage into a workspace for an additional $220/month. The property features 3 off-street parking spaces, shared coin laundry and plenty of storage. With beautiful hardwood flooring throughout, units feature handsome period details such as decorative molding, wainscoting, built-in cabinetry, exposed beams, and a decorative fireplace. Renovated in 2020, updates for both main house and studio include new roofing, new paint, improved kitchen and bath, water heaters, and more. With at least 10% upside gross rental income, this property is perfect for an owner-occupant buyer or investor. The 6,250-SqFt lot is steps away from Lake Merritt and a short stroll to popular eateries and boutiques along Grand and Lakeshore.

Last Agent to Sell the Property

Jatin Mehta

Kite Hill Real Estate License #02045713 Listed on: 06/08/2021

Last Buyer's Agent

Devin Ratoosh

Red Oak Realty License #01820096

Red Oak Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,427

Year Built

  • Built in 1963

Lot Details

  • 6,250 Sq Ft Lot
  • Rectangular Lot
  • Front Yard

Parking

  • Off-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • Fireplace
  • Wood Flooring
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 1077910

Community Details

Overview

  • No Home Owners Association
  • 3,581 Sq Ft Building
  • Bridge Aor Association

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,427

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Year Built: 1963
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Directions: google maps
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Basement: Separate Entry
  • Appliances: Washer
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Regular
  • Construction Type: Other
  • Exterior Features: Front Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Heating: Forced Air
  • Utilities: Internet Available, Individual Electric Meter, Individual Gas Meter, Master Electric Meter, Master Gas Meter
  • Cooling: No Air Conditioning
  • Laundry Features: Coin Operated, In Unit
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Zoning: RU-2
  • Lot Size Sq Ft: 6250
  • Parcel Number: 1077910
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Jul 13, 2021
Sold by
Thompson Ann Patricla
Bought by
Taper Mark L
Seller's Agent
Jatin Mehta
Kite Hill Real Estate
Buyer's Agent
Devin Ratoosh
Red Oak Realty
List Price
$1,400,000
Sold Price
$1,600,000
Premium/Discount to List
$200,000
14.29%
Total Days on Market
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.34%

Purchase Details

Closed on
Nov 14, 2013
Sold by
Smith Paul D and Smith Kathleen J
Bought by
Smith Paul D and Smith Kathleen J

Purchase Details

Closed on
Jul 12, 1995
Sold by
Dunlap Lorett A
Bought by
Smith Paul D and Smith Kathleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.63%
Mortgage Type
Commercial
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
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed $6,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 Adjustable Rate Mortgage/ARM
Closed $435,000 New Conventional
Closed $400,000 Commercial
Closed $310,000 Negative Amortization
Closed $195,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $1,399,000 -12.6% $391 / Sq Ft
02/04/2025 02/04/25 Off Market $1,600,000 -- --
07/15/2021 07/15/21 Sold $1,600,000 +14.3% $447 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $1,400,000 -- $391 / 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
2024 $23,427 $1,664,640 $499,392 $1,165,248
2023 $24,766 $1,632,000 $489,600 $1,142,400
2022 $24,180 $1,600,000 $480,000 $1,120,000
2021 $6,601 $349,443 $107,426 $249,017
2020 $6,523 $352,789 $106,325 $246,464
2019 $6,185 $345,873 $104,241 $241,632
2018 $6,053 $339,093 $102,197 $236,896
2017 $5,782 $332,446 $100,194 $232,252
2016 $5,550 $325,929 $98,230 $227,699
2015 $5,515 $321,035 $96,755 $224,280
2014 $5,653 $314,747 $94,860 $219,887
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 40953328

bridgeMLS

APN: 010-0779-010-00