NOT LISTED FOR SALE

Estimated Value: $951,641 - $1,153,000

5 Beds
3 Baths
3,046 Sq Ft
$338/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $1,100,000 $361 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,535/month

23 Days on Market

Highlights

  • Wood Flooring
  • Detached Garage
  • Tankless Water Heater
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Fenced

About This Home

As of May 2024

Introducing Oakland’s 705 E 18th Street—a four-unit building delivered partially occupied (two units) that will make an ideal investment for someone seeking an owner-occupy opportunity. Divided into three 1BR/1BA layouts and one 2BR/1BA layout, all units have been renovated to include new flooring, kitchens, and bathrooms. The units also include upgraded electrical, copper plumbing, and tankless water heaters, reducing the risk of any maintenance-related repairs in the years ahead. Nearly equidistant (~1 mile) from two major employers (Laney College and Highland Hospital), vacancies at this property should always appeal to a strong pool of renters. Additionally, 705 E 18th Street’s proximity to Lake Merritt (only six blocks away) and a plethora of other greenspaces guarantee a certain level of desirability with renters who like to spend time outdoors. BART stations (Lake Merritt) and AC Transit stops (lines 14, 40, 62, and 840) make commuting easy, as do nearby freeways (I-580 + I-880).

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 04/03/2024

Keller Williams Realty

Last Buyer's Agent

Theresa Lee

Coldwell Banker License #02103331

Coldwell Banker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 3,500 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Detached Garage
  • Garage Door Opener
  • Parking Lot
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 3,046 Sq Ft Building
  • Bridge Aor Association
  • Clinton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 212191

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Year Built: 1902
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Subdivision Name: CLINTON
  • Directions: 14th Ave to E 18th St.
  • Carport Y N: No
  • Garage Yn: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Laminate, Tile
  • Basement: Unfinished
  • Appliances: Dryer, Washer, Gas Water Heater, Tankless Water Heater
  • Total Bedrooms: 5
  • Interior Amenities: Storage Area(s)

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Paved
  • Construction Type: Stucco, Frame
  • Exterior Features: Entry Gate

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage Door Opener, Covered, Detached, Garage, Off Street, Parking Lot, Remote

Utilities

  • Heating: Natural Gas, Wall Furnace
  • Utilities: Individual Electric Meter, Individual Gas Meter
  • Cooling: Wall/Window Unit(s)
  • Laundry Features: Dryer, In Unit, Washer
  • 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: RM-3
  • Lot Size Sq Ft: 3500
  • Parcel Number: 212191
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 4054.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Apr 29, 2024
Sold by
Hou/Chiang Family 2001 Trust and Hou Sui Yuen
Bought by
Wu Brian
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Theresa Lee
Coldwell Banker
List Price
$1,100,000
Sold Price
$1,100,000
Views
30
Current Estimated Value
$1,030,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$69,340
Avg. Annual Appreciation
-4.06%
Original Mortgage
$1,100,000
Outstanding Balance
$1,085,210
Interest Rate
7.1%
Mortgage Type
VA
Estimated Equity
-$54,550

Purchase Details

Closed on
Oct 24, 2017
Sold by
Eddie Hou Sui Yuen and Chiang Chia Ming
Bought by
Eddie Hou Sui Yuen and Chiang Chia Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,085,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 26, 2017
Sold by
Novak Marian and Pascale Alex
Bought by
Hou Sue Yuen Eddie and Chiang Chia Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,085,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 14, 2016
Sold by
Casas Domingo and The Domingo Casas Living Trust
Bought by
Novak Marian and Pascale Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$678,750
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2007
Sold by
Casas Domingo
Bought by
Casas Domingo and The Domingo Casas Living Trust

Purchase Details

Closed on
Mar 6, 1996
Sold by
Casas Lolita
Bought by
Casas Domingo
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Wu Brian $1,100,000 Old Republic Title
Eddie Hou Sui Yuen -- None Available
Hou Sui Yuen Eddie -- Old Republic Title Company
Hou Sue Yuen Eddie $1,550,000 Old Republic Title Company
Novak Marian $905,000 Old Republic Title Company
Casas Domingo -- None Available
Casas Domingo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Brian $1,100,000
Previous Owner Hou Sue Yuen Eddie $1,085,000
Previous Owner Novak Marian $678,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,100,000 -- --
05/30/2024 05/30/24 Sold $1,100,000 0.0% $361 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $1,100,000 -- $361 / 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
2025 $25,623 $946,702 $336,600 $785,400
2024 $25,623 $1,729,024 $518,707 $1,210,317
2023 $26,968 $1,695,125 $508,537 $1,186,588
2022 $26,168 $1,661,894 $498,568 $1,163,326
2021 $24,991 $1,629,313 $488,794 $1,140,519
2020 $24,714 $1,612,620 $483,786 $1,128,834
2019 $23,759 $1,581,000 $474,300 $1,106,700
2018 $23,257 $1,550,000 $465,000 $1,085,000
2017 $14,049 $905,000 $271,500 $633,500
2016 $2,793 $81,970 $53,476 $28,494
2015 $2,769 $80,738 $52,672 $28,066
2014 $2,941 $79,157 $51,641 $27,516
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41054678

bridgeMLS

APN: 021-0219-001-00