$2,225,000
SOLD JUL 21, 2017

4328 Howe St Oakland, CA 94611

Piedmont Avenue Neighborhood
10 Beds
-- Bath
6,668 Sq Ft
6,291 Sq Ft Lot

Recently Sold

$334 Per Sq Ft

22 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • 9 Car Attached Garage
  • Oakland Technical High School Rated A
  • Enclosed patio or porch
  • Landscaped

About This Home

As of February 2019

8-unit building comprised of 6 large one-bedroom units and 2 large two-bedroom units. The property is located in Oakland's Piedmont Ave neighborhood, one block from Piedmont Ave. With in-place rents that are roughly 48% below market rate there is potential to increase the NOI by nearly 173%. There is potential to quickly capitalize on the income upside as next owner will have opportunity to renovate two units and take advantage of market rate rents. There is also potential to increase in-place rents by approximately 6.38% due to banked rents. This asset is the perfect match for the upside seeking investor that appreciates a quality asset in one of the most established neighborhoods of one of the nations strongest rental markets.

Last Agent to Sell the Property

Zachary Greenwood

Cushman & Wakefield License #01960296 Listed on: 06/14/2017

Co-Listed By

Keith Manson

Cushman & Wakefield License #01490046

Last Buyer's Agent

Sharon Ho

Compass License #01032714

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,291 Sq Ft Lot
  • Landscaped

Home Design

  • Garden Apartment
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,668 Sq Ft Home
  • 3-Story Property
  • Mountain Views
  • Washer and Dryer

Flooring

  • Wood
  • Vinyl

Parking

  • 9 Car Attached Garage
  • Carport

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Central Heating
  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • 8 Units
  • Coin Laundry
  • 2 Vacant Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 13-1116-21

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Flats, Garden Apartments
  • Stories: 3
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Basement: None
  • Number Of Rooms: 34
  • Appliances: Free Standing Refrigerator, OVFR
  • Flooring: Vinyl, Wood
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Owned, WSHD
  • Price Per Square Foot: 333.68
  • Square Footage: 6668.00

Exterior Features

  • Construction Materials: Frame, Wood, Wood Siding, Other
  • Foundation: Slab
  • Patio And Porch Features: DECK, PATO, Covered Patio, Enclosed Patio
  • Roof: Composition
  • View: Mountains, PRTL

Garage/Parking

  • Parking Features: Attached, Carport
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Central, Gas, Wall Furnace

Lot Info

  • Assessor Parcel Number: 13-1116-21
  • Lot Features: Landscape Front
  • Lot Size Acres: 0.1444
  • Lot Size Sq Ft: 6291.00
  • Lot Size Units: SqFt
  • Price Per Acre: 15408587.26

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Cable TV, Electricity, Gas

Building Info

  • Number of Units Total: 8

Multi Family

  • Number Of Units Vacant: 2
  • Gross Rent Multiplier: 17.53
  • 1 Bedroom Rent Range: 600-1000
  • Two Bedroom Rent Range: 3000
  • Number of 1 Bedroom Units: 6
  • Number of 2 Bedroom Units: 2
  • Separate Meters: Electricity, Gas

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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

Property History

Date Event Price Change Sq Ft Price
02/11/2019 02/11/19 Sold $2,849,000 0.0% $427 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $2,849,000 +28.0% $427 / Sq Ft
07/21/2017 07/21/17 Sold $2,225,000 0.0% $334 / Sq Ft
07/06/2017 07/06/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $2,225,000 -- $334 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Zachary Greenwood

    Seller's Agent in 2019

    Zachary Greenwood

    Cushman & Wakefield

    (559) 930-1770

    2 in this area

    34 Total Sales

    Zachary Greenwood
    Section Image
  • Keith Manson

    Seller Co-Listing Agent in 2019

    Keith Manson

    Cushman & Wakefield

    (415) 244-6300

    2 in this area

    39 Total Sales

    Keith Manson
    Section Image
  • Astrid Lacitis

    Buyer's Agent in 2019

    Astrid Lacitis

    Vanguard Properties

    (415) 860-0765

    29 Total Sales

    Astrid Lacitis
    Section Image

  • S

    Buyer's Agent in 2019

    Shashi Mahendru

    Intero Fremont Mission Office

  • S

    Buyer's Agent in 2017

    Sharon Ho

    Compass

    Section Image
See All Agents

Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 459271

San Francisco Association of REALTORS® MLS

California Alameda County Oakland 94611 Piedmont Avenue

4328 Howe St, Oakland, CA

This home is located at 4328 Howe St, Oakland, CA 94611 and is currently priced at $2,225,000, approximately $333 per square foot. This property was built in 1959. 4328 Howe St is a home located in Alameda County with nearby schools including Piedmont Avenue Elementary School, Westlake Middle School, and Oakland Technical 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.

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