NOT LISTED FOR SALE

Estimated Value: $838,131 - $903,000

4 Beds
4 Baths
2,538 Sq Ft
$345/Sq Ft Est. Value

Last Sold February 06, 2024

Last sale price $925,000 $364 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,436/month

4 Days on Market

Highlights

  • No HOA
  • Garden
  • Rectangular Lot
  • Tile Flooring
  • Baseboard Heating
  • Fenced

About This Home

As of February 2024

This 4 unit Multi-Family property is ideal for investors seeking substantial returns. Currently generating actual CAP rate pf 6% with pro forma CAP at 6.5%. With its prime location in Longfellow Neighborhood of Oakland and impressive income, this property promises to be a lucrative addition to any investment portfolio. 1 Unit to be delivered vacant; ideal for owner occupancy in one while collecting market rate rents on 3 other units. 2 of the 4 units have been completely remodeled with new kithchen, remodeled bathrooms, new dual paned windows, and luxury vinyl plank flooring throughout. Exterior is newly painted. New concrete wallway and drlveway and low maintainance front landscaping. Each unit is separately metered for gas and electric utilities makes for lower operating cost for owner. 4 spacious 1 bedroom/1bath units. Large lot with at least 7 off street parking spaces. The backyard has potential for placement of an ADU for additional rental income potential. Property will offer investor potential tax savings as it is located in Opportunity Zone.

Last Agent to Sell the Property

Steven Wang

License #01368485 Listed on: 01/02/2024

Last Buyer's Agent

Tina Harris

Better Homes Realty License #02052351

Better Homes Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,456

Year Built

  • Built in 1940

Lot Details

  • 5,861 Sq Ft Lot
  • Fenced
  • Rectangular Lot
  • Garden
  • Back and Front Yard

Home Design

  • Quadruplex
  • Stucco

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • No Washer or Dryer Hookups

Parking

  • 7 Parking Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 2,538 Sq Ft Building
  • Bay East Association
  • Longfellow Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1295557

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,456

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Subdivision Name: LONGFELLOW
  • Directions: Market St>Apgar
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate, Linoleum, Tile, Carpet
  • Basement: None
  • Appliances: Gas Water Heater
  • Accessibility Features: Other
  • Total Bedrooms: 4
  • Fireplace: No
  • Window Features: Window Coverings

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Regular, Front Yard
  • Construction Type: Stucco
  • Exterior Features: Back Yard, Front Yard, Garden

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 7

Utilities

  • Heating: Baseboard, Wall Furnace
  • Cooling: No Air Conditioning
  • Laundry Features: No Hookups
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: No Solar

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Schools

  • Senior High School District: Oakland (510) 879-8111

Lot Info

  • Lot Size Sq Ft: 5861
  • Parcel Number: 1295557
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2024
Closed on
Jan 25, 2024
Sold by
Access Capital Investments Fund Two Lp
Bought by
Lane Rico
Seller's Agent
Steven Wang
Buyer's Agent
Tina Harris
Better Homes Realty
List Price
$929,000
Sold Price
$925,000
Premium/Discount to List
-$4,000
-0.43%
Views
24
Current Estimated Value
$875,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,217
Avg. Annual Appreciation
-3.17%
Original Mortgage
$878,750
Outstanding Balance
$863,220
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$12,563

Purchase Details

Closed on
Jun 26, 2023
Sold by
Liu Sally L
Bought by
Access Capital Investments Fund Two Lp

Purchase Details

Closed on
Aug 10, 2007
Sold by
Chandra Reginald
Bought by
Liu Sally L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2006
Sold by
Marta William
Bought by
Chandra Reginald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,850
Interest Rate
6.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 22, 2005
Sold by
Marta William
Bought by
Marta William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
5.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 3, 2005
Sold by
Marshall Kathleen
Bought by
Marta William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
5.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 24, 2003
Sold by
Small Jacobo and Price Martin A
Bought by
Marta William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2002
Sold by
Gallegos Ernestina
Bought by
Price Martin A

Purchase Details

Closed on
Sep 19, 2001
Sold by
Ford James
Bought by
Price Earl M and Small Jacobo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,820
Interest Rate
6.91%

Purchase Details

Closed on
Apr 15, 1999
Sold by
Henry Louella Trust and Barbara J
Bought by
Ford James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
6.98%
Source: Public Records

Range of Values:

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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
Lane Rico $925,000 Old Republic Title Company
Access Capital Investments Fund Two Lp $438,099 None Listed On Document
Liu Sally L $555,000 Chicago Title Co
Chandra Reginald $659,000 Chicago Title Co
Marta William -- Old Republic Title Company
Marta William -- Old Republic Title Company
Marta William $455,000 Ticor Title Company
Price Martin A -- Ticor Title Company
Small Jacobo -- --
Price Earl M $350,000 First American Title Guarant
Ford James $128,000 Nortwestern Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lane Rico $878,750
Previous Owner Liu Sally L $355,000
Previous Owner Chandra Reginald $98,850
Previous Owner Chandra Reginald $527,200
Previous Owner Marta William $367,500
Previous Owner Marta William $367,500
Previous Owner Marta William $364,000
Previous Owner Price Earl M $314,820
Previous Owner Ford James $115,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $925,000 -- --
09/19/2024 09/19/24 Price Changed $1,875 -6.3% $4 / Sq Ft
09/13/2024 09/13/24 For Rent $2,000 0.0% --
02/06/2024 02/06/24 Sold $925,000 -0.4% $364 / Sq Ft
01/06/2024 01/06/24 Pending -- -- --
01/02/2024 01/02/24 For Sale $929,000 -- $366 / Sq Ft
Source: Bay East Association of REALTORS®

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 $9,456 $943,500 $283,050 $660,450
2024 $9,456 $438,000 $131,400 $306,600
2023 $15,778 $700,653 $210,196 $490,457
2022 $15,880 $686,917 $206,075 $480,842
2021 $20,048 $673,453 $202,036 $471,417
2020 $14,822 $666,548 $199,964 $466,584
2019 $11,826 $653,484 $196,045 $457,439
2018 $10,910 $640,674 $192,202 $448,472
2017 $10,392 $628,114 $188,434 $439,680
2016 $10,079 $615,800 $184,740 $431,060
2015 $10,020 $606,553 $181,966 $424,587
2014 $9,725 $485,000 $145,500 $339,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 41046623

Bay East Association of REALTORS®

APN: 012-0955-057-00