NOT LISTED FOR SALE

Estimated Value: $712,000 - $869,000

8 Beds
4 Baths
3,234 Sq Ft
$242/Sq Ft Est. Value

Last Sold September 08, 2021

Last sale price $810,000 $250 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,324/month

203 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • Back Yard
  • Fenced

About This Home

As of September 2021

633 Clara Street in Oakland presents an excellent opportunity for an investor or owner-occupant to purchase a four-unit apartment building with tremendous upside in future income. Built in 1963, the 3,234 square foot property offers four (4) Two-Bedroom/One-Bath units and sits on an oversized 6,640 square foot lot. New ownership could increase property value with the construction of a ADU unit on the vacant portion of the lot with approval by the city. Maintenance is low and all units are separately metered for PG&E providing lower annual expenses. The property is currently 100% occupied and all tenants are paying full rent.Unit 3 has been totally renovated. Unit 4-new kitchen and bathroom in 2020. New roof in 2017. Ability to capture 35% upside in rent upon unit turnover and renovation.Individually metered electric and gas meters reduce overall operating expenses and recent renovations/capital improvements will mitigate operating expenses and future costs to the new owner.

Last Agent to Sell the Property

Eric Keena

Bhhs Drysdale Properties License #02077388 Listed on: 12/30/2020

Bhhs Drysdale Properties

Last Buyer's Agent

Konstantin Safris

Lpt Realty, Inc License #01958291

Lpt Realty, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,640 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace

Community Details

  • No Home Owners Association
  • 3,234 Sq Ft Building
  • Bay East Association

Listing and Financial Details

  • Assessor Parcel Number 4450156

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,640 Sq Ft Lot

Listing Details

  • Year Built: 1963
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Directions: I-880, L on 98th Ave, L on Edes Ave, R on Clara
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: None
  • Basement: None
  • Other Equipment: None
  • Total Bedrooms: 8

Exterior Features

  • Fencing: Fenced
  • Lot Features: None
  • Construction Type: None
  • Exterior Features: Back Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Space Per Unit - 1

Utilities

  • Heating: Wall Furnace
  • Utilities: No Water/Sewer
  • Cooling: No Air Conditioning
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Lot Info

  • Lot Size Sq Ft: 6640
  • Parcel Number: 4450156
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2020
Closed on
Sep 3, 2021
Sold by
Cjk Development Llc
Bought by
Sharma Abhinav
Seller's Agent
Eric Keena
Bhhs Drysdale Properties
Buyer's Agent
Konstantin Safris
Lpt Realty, Inc
List Price
$810,000
Sold Price
$810,000
Current Estimated Value
$781,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,218
Avg. Annual Appreciation
-0.78%
Original Mortgage
$607,500
Outstanding Balance
$552,780
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$229,002

Purchase Details

Closed on
Jan 9, 2019
Sold by
Strom Capital Llc
Bought by
Cjk Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2017
Sold by
Ejtemaei Pooya
Bought by
Strom Capital Llc

Purchase Details

Closed on
Jan 12, 2017
Sold by
Ficklin Jean P and Green Freida D
Bought by
Ejtemaei Pooya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,400
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 11, 2008
Sold by
Ficklin Herman L and Ficklin Jean P
Bought by
Ficklin Herman L and Ficklin Jean P
Source: Public Records
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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
Sharma Abhinav $810,000 Fidelity National Title Co
Cjk Development Llc $625,000 Lawyers Title Insurance Co
Strom Capital Llc -- None Available
Ejtemaei Pooya $530,000 Chicago Title Company
Ficklin Herman L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharma Abhinav $607,500
Previous Owner Cjk Development Llc $468,750
Previous Owner Ejtemaei Pooya $520,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $810,000 -- --
09/08/2021 09/08/21 Sold $810,000 0.0% $250 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
06/09/2021 06/09/21 Price Changed $810,000 0.0% $250 / Sq Ft
06/09/2021 06/09/21 For Sale $810,000 0.0% $250 / Sq Ft
06/03/2021 06/03/21 Off Market $810,000 -- --
03/18/2021 03/18/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $795,000 0.0% $246 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
12/30/2020 12/30/20 For Sale $795,000 -- $246 / Sq Ft
Source: Bay East Association of REALTORS®

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 $14,535 $859,571 $257,871 $601,700
2024 $14,535 $842,723 $252,817 $589,906
2023 $15,121 $826,200 $247,860 $578,340
2022 $14,507 $810,000 $243,000 $567,000
2021 $11,521 $644,100 $193,230 $450,870
2020 $11,383 $637,500 $191,250 $446,250
2019 $14,642 $551,411 $165,423 $385,988
2018 $9,521 $540,600 $162,180 $378,420
2017 $3,376 $109,488 $51,161 $58,327
2016 $3,189 $107,342 $50,158 $57,184
2015 $3,161 $105,729 $49,404 $56,325
2014 $3,293 $103,659 $48,437 $55,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 40932895

Bay East Association of REALTORS®

APN: 044-5015-006-00

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