An exceptional investment opportunity! This recently remodeled four-unit property brings in substantial rental income, generating approximately $12,975 a month, $155,700 annually, with tenants covering utilities. Each unit has been upgraded within the past year, and the building boasts a new roof just two years old. Located in a highly convenient area with easy freeway access, this property is perfectly situated for tenants and investors alike. With reliable, on-time rental income supported by the housing authority, you can enjoy a hassle-free investment.
Property Details
Property Features
Property Information:
Year Built: 1965
Stories: 2
Living Area: 2,700 SqFt
Listing Office:
Office Name: 10X Realty Mortgage
Office Phone: (408) 889-3519
Listing Agent: Kennedy Ngo
Exterior Features
Parking Information:
Parking: Uncovered
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Price Information
Listing Price Info
Price Summary:
List Price: $1,299,000
Price Per SqFt: $481/SqFt
Tax Information:
Annual Amount: $5,103
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Oakland, CA.
This property is $438.2K more than the Median Sold Price and $110/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: #ML81985270
Listing Office:
Office Name: 10X Realty Mortgage
Office Phone: (408) 889-3519
Listing Agent: Kennedy Ngo
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: 11/15/2024, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 16, 2009
Nov 16, 2009Home Sold
$183,000
Mar 30, 2006
Mar 30, 2006Home Sold
$615,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,103
$218,220
2020
$5,102
$215,983
2019
$4,603
$211,748
2018
$4,337
$207,598
2017
$4,337
$203,528
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Community United Elementary School
6701 International Blvd
Distance between this listing and this school0.28 miles
Public District Grades KG-5
4
/10
Acorn Woodland Elementary School
1025 81st Ave
Distance between this listing and this school0.49 miles
Public District Grades PK-5
3
/10
EnCompass Academy
1025 81st Ave
Distance between this listing and this school0.49 miles
Public District Grades KG-5
Nearby Schools
5
/10
Aurum Preparatory Academy
1034 66th Ave
Distance between this listing and this school0.14 miles
Public Charter Grades 6-8
7
/10
Oakland Unity Middle School
1180 70th Ave
Distance between this listing and this school0.21 miles
Public Charter Grades 6-8
3
/10
Greenleaf K-8 School
6328 E 17th St
Distance between this listing and this school0.50 miles
Public District Grades KG-8
Nearby Schools
4
/10
Aspire Golden State College Preparatory Academy
1009 66th Ave
Distance between this listing and this school0.30 miles
Public Charter Grades 6-12
4
/10
Coliseum College Prep Academy
1390 66th Ave
Distance between this listing and this school0.31 miles
Public District Grades 6-12
6
/10
Oakland Unity High School
6038 Brann St
Distance between this listing and this school1.25 miles
The neighbors living near this home have an average income of $31,341. Typical income of Oakland, CA residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 7008 Spencer St in Oakland, CA and zip code 94621 in the Coliseum neighborhood. This 2,700 square foot home, which was built in 1965, sits on a 0.11 acre lot. It has been listed on Rocket Homes since November 03, 2024 and is currently priced at $1,299,000.
In October 2024, from all listings sold in Oakland, CA there were more than 165 sold above asking price, over 45 sold below and more than 30 were sold right at the asked price. The number of homes for sale in Oakland, CA increased by 9.9% between September 2024 and October 2024. While the average time on the market in October 2024 was 33 days, the median list price was $860,714.
From Rocket Homes Real Estate and based on county public records data.