NOT LISTED FOR SALE

640 E 15th St Oakland, CA 94606

Merritt Neighborhood
9 Beds
-- Bath
8,514 Sq Ft
4,792 Sq Ft Lot

Last Sold November 19, 2024

Last sale price $1,430,000 $168 Per Sq Ft

173 Days on Market

Highlights

  • Corner Lot
  • Coin Laundry
  • 3-minute walk to Clinton Park
  • 3 Car Detached Garage

About This Home

As of November 2024

Price lowered!!! Offers reviewed as received. 640 E 15th Street(cross St @ 7th Ave) is in Oakland, CA 94606 and located in the east of Lake Merritt shoreline. This attractive and well-maintained residential income apartment building was completely rebuilt from the ground-up in year 2010, a newer building on this quiet block of the neighborhood, that consists of 9 Units (three studios, three 1br, three 2br)with gas stoves and common area hardwood flooring, 2 leased washers and 2 leased dryers in the building, 9 storage cabinets in basement and 3 detached garages. The exterior building was just painted. All units are fully occupied by tenants. Low expenses w/decent rental income. Cap Rate 6%.

Last Agent to Sell the Property

Dennis Chan

JMC Realty Corporation License #00834743 Listed on: 05/08/2024

Last Buyer's Agent

Dennis Chan

JMC Realty Corporation License #00834743 Listed on: 05/08/2024

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4,792

Parking

  • 3 Car Detached Garage

Home Design

Additional Features

  • 3-Story Property
  • Corner Lot
  • Separate Meters

Community Details

  • 9 Units
  • Coin Laundry
  • 9 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 020-017601000

Property Details

Home Type

Multi-Family

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Levels: Three
  • Stories: 3
  • Special Features: None

Interior Features

  • Basement: Storage Area
  • Laundry Features: Coin Operated, In Common Area

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Covered, Detached, Garage
  • Total Parking Spaces: 3.00
  • Tandem Parking Spaces: 3

Utilities

  • Sewer: Public Sewer

Lot Info

  • Assessor Parcel Number: 020-017601000
  • Lot Features: Corner
  • Lot Size Units: SqFt

Building Info

  • Number of Units Total: 9

Rental Info

  • Units Furnished: None

Multi Family

  • Gross Rent Multiplier: 8.31
  • Number of Studio Units: 3
  • Number Of Units Leased: 9
  • Separate Meters: Electricity

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2024 11/19/24 Sold $1,430,000 -20.6% $168 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
07/06/2024 07/06/24 Price Changed $1,800,000 -10.0% $211 / Sq Ft
07/04/2024 07/04/24 Price Changed $1,999,988 -4.8% $235 / Sq Ft
06/16/2024 06/16/24 Price Changed $2,100,000 -4.5% $247 / Sq Ft
05/19/2024 05/19/24 Price Changed $2,200,000 -18.5% $258 / Sq Ft
05/08/2024 05/08/24 For Sale $2,700,000 -- $317 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Dennis Chan

    JMC Realty Corporation

    (415) 990-3693

    1 in this area

    5 Total Sales

    Dennis Chan
    Section Image
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Map

Source: San Francisco Association of REALTORS®

MLS Number: 424031480

San Francisco Association of REALTORS®
California Alameda County Oakland 94606 Merritt

640 E 15th St, Oakland, CA

Not Listed for Sale

MultiFamily

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