NOT LISTED FOR SALE

Estimated Value: $1,261,960 - $1,836,000

4 Beds
4 Baths
3,020 Sq Ft
$494/Sq Ft Est. Value

Last Sold April 07, 2022

Last sale price $1,650,000 $546 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $9,791/month

14 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Formal Entry
  • Oakland Technical High School Rated A
  • No HOA
  • 4-minute walk to Linda Ave Dog Park

About This Home

As of April 2022

Offer date is set March 16th, 4PM. The building comprises four spacious 1 bed/1 bath units with no vacancies. The property has 3 large storage rooms with a welcoming, peaceful Shangri-La. Immediate distance of Piedmont. This beautifully maintained, vintage 1920s 4plex w/strong cash flow is a rewarding investment opportunity on the Oakland/Piedmont border with great upside potential. A walker’s paradise, less than 10 min to shops and restaurants, dog park & Rose Garden. The property has undergone recent capital improvements in 2022 such as a new water heater and the complete repair of rear exit staircases. New owner to explore the ADU options to replace 3 large storage outbuilding and bank new rent increases. Current rent: $98,900 with 15.4 GRM. Walking score of 94.

Last Agent to Sell the Property

Megan Nazeri

Smart Move Realty License #01938104 Listed on: 03/03/2022

Last Buyer's Agent

Justine Francis

Bhhs Drysdale Properties License #01389118

Bhhs Drysdale Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 4,480 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Front Yard Sprinklers
  • Garden
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • Formal Entry
  • No Washer or Dryer Hookups

Flooring

  • Wood
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Storage

Utilities

  • Central Heating
  • Heating System Uses Steam

Community Details

  • No Home Owners Association
  • 3,020 Sq Ft Building
  • Bridge Aor Association

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

4,480 Sq Ft Lot

Listing Details

  • Year Built: 1924
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Directions: Piedmont Ave, Linda Ave
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood, Laminate, Linoleum
  • Basement: Other
  • Total Bedrooms: 4
  • Interior Amenities: Storage, Formal Entry, Storage Area(s), Tub w/Shower Over

Exterior Features

  • Lot Features: Corner Lot, Curb(s)
  • Construction Type: Siding - Stucco
  • Exterior Features: Back Yard, Sprinklers Automatic, Sprinklers Front, Storage, Landscape Back, Landscape Front, Low Maintenance, Garden, Lawn Sprinkler

Garage/Parking

  • Attached Garage: No
  • Parking Features: Street Parking

Utilities

  • Heating: Steam, Central
  • Utilities: Water/Sewer Meter on Site, All Public Utilities, Master Electric Meter, Master Gas Meter
  • Cooling: No Air Conditioning
  • Laundry Features: No Hookups
  • Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: No Solar

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 4480
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
Apr 1, 2022
Sold by
Clear Property Holdings Inc
Bought by
Maples Kevin P and Maples Beril Guvendik
Seller's Agent
Megan Nazeri
Smart Move Realty
Buyer's Agent
Justine Francis
Bhhs Drysdale Properties
List Price
$1,520,000
Sold Price
$1,650,000
Premium/Discount to List
$130,000
8.55%
Current Estimated Value
$1,492,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$157,010
Avg. Annual Appreciation
-2.56%
Original Mortgage
$1,200,000
Outstanding Balance
$1,122,821
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$370,169

Purchase Details

Closed on
Jan 5, 2019
Sold by
Ghassemi Babak and Adibzadeh Shirin
Bought by
Clear Property Holdings Inc

Purchase Details

Closed on
Mar 21, 2011
Sold by
Ghassemi Babak and Adibzadeh Shirin
Bought by
Ghassemi Babak and Adibzadeh Shirin

Purchase Details

Closed on
Feb 27, 2006
Sold by
Rose Macarthur Lp
Bought by
Ghassemi Babak and Adibzadeh Shirin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2005
Sold by
Gebregzi Beniam
Bought by
Rose Macarthur Lp

Purchase Details

Closed on
Dec 15, 2004
Sold by
Hawkins Lilian E and The Stanley E & Lillian E Hawk
Bought by
Gebregzi Beniam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage
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
Maples Kevin P $1,650,000 Old Republic Title
Clear Property Holdings Inc -- None Available
Ghassemi Babak -- None Available
Ghassemi Babak $1,190,000 Fidelity National Title Co
Rose Macarthur Lp $1,000 Alliance Title Company
Gebregzi Beniam $850,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maples Kevin P $1,200,000
Previous Owner Ghassemi Babak $892,500
Previous Owner Gebregzi Beniam $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,650,000 -- --
04/07/2022 04/07/22 Sold $1,650,000 +8.6% $546 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $1,520,000 -- $503 / Sq Ft
Source: bridgeMLS

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 $25,467 $1,750,980 $525,294 $1,225,686
2024 $25,467 $1,716,660 $514,998 $1,201,662
2023 $26,801 $1,683,000 $504,900 $1,178,100
2022 $24,357 $1,530,383 $459,050 $1,071,333
2021 $23,220 $1,500,385 $450,052 $1,050,333
2020 $22,961 $1,485,006 $445,439 $1,039,567
2019 $22,047 $1,455,899 $436,708 $1,019,191
2018 $20,865 $1,375,000 $412,500 $962,500
2017 $18,028 $1,200,000 $360,000 $840,000
2016 $18,571 $1,250,000 $375,000 $875,000
2015 $15,047 $980,000 $294,000 $686,000
2014 $14,813 $905,000 $271,500 $633,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 40983372

bridgeMLS

APN: 012-0989-024-00

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