new - 2 days on rocket

1248 E 15th St, Oakland, CA, 94606

$825,000

Home List Price

$9,797*

Closing Credit

6 Bedrooms
4 Baths
3,192 SqFt
$258/SqFt
House

Location

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1248 E 15th St, Oakland$825,000

Buyer Closing Credits

$9,797*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1944
MLS #24473677
Lot Size0.14 Acres
StatusActive

About 1248 E 15th St

Welcome to an exceptional investment opportunity at 1240-1248 E 15th St, a wellmaintained 4-unit building located near the highly desirable Lake Merritt area ofEast Oakland. With a rare combination of strong cash flow and fantastic upsidepotential this property is a true gem in today's market.Boasting a solid cap rate and occupied by vetted tenants, this asset deliversimmediate stability and consistent rental income. The property is thoughtfullydesigned with an open lot offering valuable off-street parkinga coveted featurethat ensures tenant satisfaction and convenience. Recently landscaped toperfection, the property presents an inviting and well-kept exterior that sets thetone for the entire building.Given the strong demand in the area and the potential for market rent growth, theproperty offers significant upside. Currently fully leased, any future vacancy wouldpresent an opportunity to increase rental income by adjusting rents to prevailingmarket rates, thereby enhancing the overall return on investment.Located just minutes from the iconic Lake Merritt, residents enjoy easy access tovibrant city amenities, parks, and convenient transit options. This is an area withstrong demand for quality housing, and the opportunity for rent growth issubstantial. Whether you're looking for a turn-key investment or a property withexcellent potential to add value, 1240-1248 E 15th St checks all the boxes.Don't miss out on this rare opportunity to acquire a high-performing property in aprime location with future upside and a track record of strong tenancy. This is amust-see for savvy investors looking to grow their portfolio and capitalize on EastOakland's potential.

Property Details

Property Features

Property Information:

  • Year Built: 1944
  • Stories: 2
  • Living Area: 3,192 SqFt

Listing Office:

  • Office Name: Matthews Real Estate Investment Services
  • Office Phone: (866) 889-0550
  • Listing Agent: Daniel Withers

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: South of 12th Ave; North of 13th Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $825,000
  • Price Per SqFt: $258/SqFt

Tax Information:

  • Annual Amount: $3,873
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Oakland, CA.

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Oakland, CA

City

Med. Sold Price

$850K

Med. Price/SqFt

$587

Avg. Days On Market

42

# of Sold Homes

220

1248 E 15th St vs Oakland

2 DAYS ON ROCKET

-40 Days

$825,000

-$25K Less

$258/SqFt

-$330 Less

KEY TAKEAWAY

This property is $25K less than the Median Sold Price and $330/SqFt less than other homes in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24473677

Listing Office:

  • Office Name: Matthews Real Estate Investment Services
  • Office Phone: (866) 889-0550
  • Listing Agent: Daniel Withers

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,873$91,735
2020$3,873$90,795
2019$3,325$89,015
2018$3,054$87,270
2017$3,054$85,558

History based on county public records data.

Payment Calculator

$4,185

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,540

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-781766
4
/10

  • Franklin Elementary School

  • 915 Foothill Blvd

  • 0.24 miles

  • Public District Grades KG-5

school-card-donut-781767
3
/10

  • Garfield Elementary School

  • 1640 22nd Ave

  • 0.66 miles

  • Public District Grades PK-5

school-card-donut-781768
4
/10

  • Bella Vista Elementary School

  • 1025 E 28th St

  • 0.81 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,655. Residents of Oakland, CA typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1248 E 15th St

What is the listing price of this property?

The listing price of 1248 E 15th St property is $825,000.

What type of property is this?

The property 1248 E 15th St is a house located in Oakland, California, 94606.

Is this property for sale now?

Active Listing: 1248 E 15th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,873 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1248 E 15th St has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1248 E 15th St is 3,192 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1248 E 15th St is 1944.

Rocket Homes›California›Alameda County›Oakland›94606›1248 E 15th St

This home is located at 1248 E 15th St in Oakland, CA and zip code 94606 in the Clinton neighborhood. This 3,192 square foot home, which was built in 1944, sits on a 0.14 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $825,000.

While more than 122 listings in Oakland, CA in November 2024 were sold above asking price, there were more than 21 listings sold at asking price, and more than 59 were sold below. The number of listings in Oakland, CA decreased by 12.3% between October 2024 and November 2024. In November 2024, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $850,000.

From Rocket Homes Real Estate and based on county public records data.

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