NOT LISTED FOR SALE

Estimated Value: $1,072,000 - $1,242,000

4 Beds
4 Baths
3,362 Sq Ft
$336/Sq Ft Est. Value

Last Sold August 01, 2024

Last sale price $1,150,000 $342 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,786/month

21 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Macarthur Station
  • Security Gate
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tankless Water Heater

About This Home

As of August 2024

Located just 7 minutes from Downtown, Oakland’s 709 40th Street is an exciting investment opportunity that will cater to someone seeking to own as well as occupy. A fourplex by design (4, 1BR/1BA) but enhanced with a studio cottage in the rear, this will be an ideal situation for someone who desires one-bedroom living with an additional space out back for an office or workshop. Three of the units will be delivered occupied with stable tenants, and any future vacancies should be short-lived thanks to nearby employers such as Pixar and Kaiser Permanente. Onsite laundry facilities are shared, as are the 3-car parking pad and gated entryway. The convenience and livability of this location can’t be overstated: not only is it .5 blocks from MacArthur BART, but it’s less than 10-minutes from both Emeryville’s Bay Street (Ikea, Safeway, Trader Joe’s, etc.) and Oakland’s popular Piedmont Avenue (Blue Bottle Coffee, Barney’s, Fentons Creamery, etc.).

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 05/15/2024

Keller Williams Realty

Last Buyer's Agent

PEI CHUN CHANG

License #01996509

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot
  • Back Yard

Home Design

  • Quadruplex
  • Stucco

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Uncovered Parking
  • Parking Lot

Utilities

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

Community Details

  • No Home Owners Association
  • 3,362 Sq Ft Building
  • Bridge Aor Association
  • Temescal Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1296228

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Year Built: 1924
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Subdivision Name: TEMESCAL
  • Directions: West St to 40th St.
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile, Vinyl
  • Basement: None
  • Appliances: Gas Water Heater, Tankless Water Heater
  • Total Bedrooms: 4

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Paved
  • Construction Type: Stucco
  • Exterior Features: Back Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Uncovered Parking Space

Utilities

  • Heating: Wall Furnace
  • Utilities: Individual Electric Meter, Individual Gas Meter
  • Cooling: Wall/Window Unit(s)
  • Laundry Features: Common Area, Dryer, Gas Dryer Hookup, Washer
  • Security: Carbon Monoxide Detector(s), Security Gate, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Zoning: RM-4
  • Lot Size Sq Ft: 5000
  • Parcel Number: 1296228
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 4010.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jul 30, 2024
Sold by
Gates Michael David
Bought by
Pang Donald
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
PEI CHUN CHANG
List Price
$1,100,000
Sold Price
$1,150,000
Premium/Discount to List
$50,000
4.55%
Views
9
Current Estimated Value
$1,129,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,887
Avg. Annual Appreciation
-1.31%
Original Mortgage
$1,092,500
Outstanding Balance
$1,078,153
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$50,960

Purchase Details

Listed on
May 15, 2024
Closed on
Jul 11, 2024
Sold by
Bedrock Pacific Group Llc
Bought by
Gates Michael David
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
PEI CHUN CHANG
List Price
$1,100,000
Sold Price
$1,150,000
Premium/Discount to List
$50,000
4.55%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,092,500
Outstanding Balance
$1,078,153
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$50,960

Purchase Details

Closed on
May 31, 2024
Sold by
Bedrock Pacific Group 709 40Th Llc
Bought by
Bedrock Pacific Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,092,500
Outstanding Balance
$1,078,153
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$50,960

Purchase Details

Closed on
Mar 13, 2020
Sold by
Bedrock Pacific Group 709 40Th Llc
Bought by
Bedrock Pacific Group 709 40Th Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$903,500
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2019
Sold by
Gates Michael David and Buechler Zephyr Blue
Bought by
Bedrock Pacific Group 709 40Th Llc

Purchase Details

Closed on
Mar 6, 2018
Sold by
Bedrock Pacific Group Llc
Bought by
Gates Michael David and Buechler Zephyr Blue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2016
Sold by
Gates Michael David and Buechler Zephyr Blue
Bought by
Bedrock Pacific Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2013
Sold by
Bedrock Pacific Group Llc
Bought by
Gates Michael David and Buechler Zephyr Blue

Purchase Details

Closed on
Jul 27, 2012
Sold by
Gates Michael David and Buechler Zephyr Blue
Bought by
Bedrock Pacific Group Llc

Purchase Details

Closed on
Mar 20, 2012
Sold by
Jaramillo Elizabeth D
Bought by
Buechler Zephyr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,820
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2012
Sold by
Oumsount Lachen
Bought by
Gates Michael and Buechler Zephyr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,820
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2005
Sold by
Owyang Sam T and Owyang Donald D
Bought by
Oumsount Lahcen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
5.99%
Mortgage Type
Stand Alone First
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
Pang Donald $1,150,000 Title Forward Of California In
Gates Michael David -- None Listed On Document
Bedrock Pacific Group Llc -- None Listed On Document
Bedrock Pacific Group 709 40Th Llc -- Chicago Title Company
Bedrock Pacific Group 709 40Th Llc -- None Available
Gates Michael David -- Old Republic Title Company
Bedrock Pacific Group Llc -- Ortc
Gates Michael David -- None Available
Bedrock Pacific Group Llc -- None Available
Buechler Zephyr -- Old Republic Title Company
Gates Michael -- Old Republic Title Company
Gates Michael $396,000 Old Republic Title Company
Oumsount Lahcen $430,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pang Donald $1,092,500
Previous Owner Bedrock Pacific Group 709 40Th Llc $903,500
Previous Owner Gates Michael David $731,250
Previous Owner Bedrock Pacific Group Llc $150,000
Previous Owner Gates Michael $296,820
Previous Owner Oumsount Lahcen $322,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,150,000 -- --
08/01/2024 08/01/24 Sold $1,150,000 +4.5% $342 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $1,100,000 -- $327 / 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 $10,441 $1,150,000 $345,000 $805,000
2024 $10,441 $522,751 $146,175 $376,576
2023 $10,761 $512,504 $143,310 $369,194
2022 $14,396 $502,455 $140,500 $361,955
2021 $9,393 $492,606 $137,746 $354,860
2020 $9,280 $487,558 $136,334 $351,224
2019 $8,682 $478,002 $133,662 $344,340
2018 $8,500 $468,632 $131,042 $337,590
2017 $8,062 $459,445 $128,473 $330,972
2016 $7,379 $419,848 $125,954 $293,894
2015 $7,334 $413,545 $124,063 $289,482
2014 $7,653 $405,445 $121,633 $283,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41059836

bridgeMLS

APN: 012-0962-028-00