3 months on rocket

3607 Maple Ave, Oakland, CA, 94602

$1,599,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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3607 Maple Ave, Oakland$1,599,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOther
Year Built1927
HeatingOther
CoolingOther
MLS #41069971
Lot Size0.10 Acres
StatusActive

About 3607 Maple Ave

4-unit apartment complex with solid current cash flow and excellent rental upside. The current cap rate is 6.65% and the current GRM is 11.12. The property offers an ideal unit mix of one 4bd/2bth unit, one 3bd/2bth unit, one 3bd/1bth unit, and one 2bd/1bth unit. The two best units will be delivered vacant making for a perfect opportunity for an owner-occupant or investor. The property was originally built in 1927, offers approximately 4,172 square feet of rental space, and sits on a 4,323 square foot lot with a large center courtyard. All units were completely renovated in 2014 and there is no deferred maintenance creating a turn-key investment for the new owner. All the units offer a modern finish with new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems. Maintenance is low and the property is separately metered for PG&E providing for low annual expenses. This is a perfect opportunity for any investor seeking strong cash flow in one of the most attractive locations in Oakland. This is an excellent Oakland location in the Dimond district East of HWY580 near countless restaurants, coffee shops, and shopping.

Property Details

Property Features

Property Information:

  • Year Built: 1927

Listing Office:

  • Office Name: The Pinza Group, Inc
  • Office Phone: (510) 725-4775
  • Listing Agent: David Howarth

Exterior Features

Parking Information:

  • Parking: Other

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: MacArthur Ave right on Maple Ave Cross Street: MacArthur Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,599,000

Tax Information:

  • Annual Amount: $25,389
  • 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

$860.7K

Med. Price/SqFt

$591

Avg. Days On Market

33

# of Sold Homes

268

3607 Maple Ave vs Oakland

93 DAYS ON ROCKET

+60 Days

$1,599,000

+$738.2K More

KEY TAKEAWAY

This property is $738.2K more than the Median Sold Price in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41069971

Listing Office:

  • Office Name: The Pinza Group, Inc
  • Office Phone: (510) 725-4775
  • Listing Agent: David Howarth

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: 11/17/2024, 6:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 25, 2019Home Sold
$1,750,000
Dec 19, 2014Home Sold
$1,110,000
Apr 03, 2012Home Sold
$355,000

Tax History

YEARPROP. TAXASSESSMENT
2021$25,389$1,768,130
2020$25,389$1,750,000
2019$19,595$1,377,000
2018$16,682$1,350,000
2017$16,682$1,149,460

History based on county public records data.

Payment Calculator

$8,048

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,860

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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-531863
7
/10

  • Sequoia Elementary School

  • 3730 Lincoln Ave

  • 0.46 miles

  • Public District Grades KG-5

school-card-donut-531864
2
/10

  • Fruitvale Elementary School

  • 3200 Boston Ave

  • 0.48 miles

  • Public District Grades PK-5

school-card-donut-531865
3
/10

  • Laurel Elementary School

  • 3750 Brown Ave

  • 0.57 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 $40,092. Typical income of Oakland, CA residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Alameda County›Oakland›94602›3607 Maple Ave

This home is located at 3607 Maple Ave in Oakland, CA and zip code 94602 in the Upper Diamond neighborhood. This home, which was built in 1927, sits on a 0.10 acre lot. It has been listed on Rocket Homes since August 16, 2024 and is currently priced at $1,599,000.

In October 2024 more than 165 listings in Oakland, CA were sold above the asking price. During the same period more than 30 listings were sold at asking price, while more than 45 were sold below. Between September 2024 and October 2024, Oakland, CA real estate market has seen increase in the number of listings by 9.9%. Listings spent 33 days on the market in October 2024, and had a median list price of $860,714 during the same period.

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

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