NOT LISTED FOR SALE

861 Mead Ave Oakland, CA 94607

West Oakland Neighborhood

Estimated Value: $883,000 - $1,228,000

8 Beds
4 Baths
3,084 Sq Ft
$339/Sq Ft Est. Value

Sale Details

Date Sold: December 16, 2021

Last sale price $1,200,000 $389 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $7,310 / mo

20 Days on Market

Highlights

  • Updated Kitchen
  • Security Gate
  • Storage
  • No HOA
  • Controlled Access
  • Low Maintenance Yard

About This Home

As of December 2021

For investors seeking long-term value and major upside, 861 Mead Avenue is a no-brainer—a 4 unit (4, 2BR/1BA) 3,000+ sq.ft. multifamily that’s ready for a new owner. In addition to the building’s large garage, private back patio, and ADU potential, each of the units comes w/ new flooring, new double-paned windows, and a remodeled kitchen and bath. At the time of this listing, the well-maintained building generates strong cash flow, w/ estimated earnings north of $100,000, and none of the apartments are occupied w/ long-term tenants. But the best part of 861 Mead Avenue is its location, West Oakland—a neighborhood that’s close to everything, as reflected by its Walk Score of 90 & its Bike Score of 99. More importantly, West Oakland is in the midst of a transition thanks to intense capital investment from the local government (24 of the City of Oakland’s Major Projects are centered in the neighborhood) so the land upon which 861 Mead Avenue sits should become significantly more valuable.

Last Agent to Sell the Property

Joey Wang

Keller Williams Realty License #01890931 Listed on: 09/30/2021

Keller Williams Realty

Last Buyer's Agent

Out Of Area Out

OUT OF AREA - NON MEMBER License #88888888

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,062 Sq Ft Lot
  • Front Yard Fenced and Back Yard
  • Landscaped
  • Front Yard Sprinklers
  • Low Maintenance Yard
  • Garden

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • 3,084 Sq Ft Home
  • Storage
  • Tile Flooring
  • Updated Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms
  • Low Flow Toliet

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Front Gate

Outdoor Features

  • Outdoor Storage

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Water Heater

Community Details

Overview

  • No Home Owners Association
  • Bridge Aor Association

Security

  • Controlled Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

4,062 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Fencing: Fenced, Front Yard
  • Lot Features: Front Yard, Garden, Security Gate
  • LotSizeAcres: 0.09
  • Security Features: Carbon Monoxide Detector(s), Double Strapped Water Heater, Secured Access, Security Gate
  • Has HOA?: No
  • Co List Office Mls Id: OBBKWR
  • Special Conditions: Standard
  • Directions: North on San Pablo Ave, left on Mead Ave.
  • Basement: None
  • Has Basement?: No
  • Has Cooling?: Yes
  • Living Area: 3084
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Door Features: Mirrored Closet Door(s)
  • Flooring: Tile
  • Interior Amenities: Updated Kitchen, Storage, Storage Area(s)

Exterior Features

  • Construction Type: Stucco
  • Exterior Features: Back Yard, Garden/Play, Sprinklers Front, Storage, Entry Gate, Landscape Back, Low Maintenance, Storage Area, Yard Space, Garden, Lawn Sprinkler

Garage/Parking

  • Has Attached Garage?: No
  • Has Carport?: No
  • Has Attached Garage?: No
  • Parking Features: Street Parking

Utilities

  • Cooling: No Air Conditioning
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Utilities: Individual Electric Meter, Individual Gas Meter

Condo/Co-op/Association

  • Association Name: Bridge AOR

Lot Info

  • Lot Size Sq Ft: 4062

Green Features

  • Green Water Conservation: Low Flow Toilet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2023
Sold by
Bought by
Current Estimated Value
$1,045,214

Purchase Details

Listed on
Sep 30, 2021
Closed on
Nov 10, 2021
Sold by
Bought by
Seller's Agent
Joey Wang
Keller Williams Realty
Buyer's Agent
Out Of Area Out
OUT OF AREA - NON MEMBER
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.96%
Original Mortgage
$840,000
Interest Rate
0.0309%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
0.045%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 3, 2009
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$1,200,000 Fidelity National Title Co
$1,100,000 Old Republic Title Company
$170,000 North American Title Company
$150,000 North American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $840,000
Previous Owner $840,000
Previous Owner $825,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/16/2021 12/16/21 Sold $1,200,000 0.0% $389 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $1,200,000 -- $389 / Sq Ft
Source: bridgeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,566 $1,273,440 $382,032 $891,408
2024 $19,566 $1,248,480 $374,544 $873,936
2023 $20,503 $1,224,000 $367,200 $856,800
2022 $19,808 $1,200,000 $360,000 $840,000
2021 $18,180 $1,133,615 $340,084 $793,531
2020 $17,974 $1,122,000 $336,600 $785,400
2019 $17,175 $1,100,000 $330,000 $770,000
2018 $4,690 $191,412 $57,423 $133,989
2017 $4,375 $187,660 $56,298 $131,362
2016 $4,171 $183,981 $55,194 $128,787
2015 $4,141 $181,220 $54,366 $126,854
2014 $4,357 $177,670 $53,301 $124,369
Source: Public Records

Agents Affiliated with this Home

  • Joey Wang

    Seller's Agent in 2021

    Joey Wang

    Keller Williams Realty

    (510) 592-5554

    7 in this area

    144 Total Sales

    Joey Wang
    Section Image

  • O

    Buyer's Agent in 2021

    Out Of Area Out

    OUT OF AREA - NON MEMBER

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Map

Source: bridgeMLS

MLS Number: 40969114

bridgeMLS

APN: 003-0011-001-00

California Alameda County Oakland 94607 West Oakland

861 Mead Ave, Oakland, CA

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.

bridgeMLS Bay East 2026. CCAR 2026. bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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