7008 Spencer St, Oakland, CA, 94621

Location

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7008 Spencer St, Oakland$1,299,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeTriplex

ParkingUncovered

Year Built1965

HeatingWall Furnace

MLS #ML81985270

Lot Size0.11 Acres

StatusActive

About 7008 Spencer St

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

What can I afford?

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Housing Market Comparison

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

Oakland, CA

City

Med. Sold Price

$850K

Med. Price/SqFt

$587

Avg. Days On Market

# of Sold Homes

220

7008 Spencer St vs Oakland

45 DAYS ON ROCKET

+3 Days

$1,299,000

+$449K More

$481/SqFt

-$107 Less

KEY TAKEAWAY

This property is $449K more than the Median Sold Price and $107/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: 12/18/2024, 3:20:58 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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NMLS#3030

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

/10

Community United Elementary School
6701 International Blvd
Distance between this listing and this school0.28 miles
Public District Grades KG-5

/10

Acorn Woodland Elementary School
1025 81st Ave
Distance between this listing and this school0.49 miles
Public District Grades PK-5

/10

EnCompass Academy
1025 81st Ave
Distance between this listing and this school0.49 miles
Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

55%

<35k

41%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

High School: 78%
Post Secondary: 22%

What types of families live nearby?

38%

Single, No Kids

25%

Single, with Kids

Married, No Kids

28%

Married, with Kids

Are the neighbors home owners or renters?

Renters: 63%
Home Owners: 37%

How old are people in this area?

20%

<11 yrs old

11%

12-17 yrs old

33%

18-34 yrs old

32%

35-64 yrs old

65+ yrs old

What do the neighbors do for fun?

Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)

Where do the neighbors shop?

Foot Locker
Ross Dress For Less
Burlington

Where do the neighbors go to eat?

Little Caesars
Jack In The Box
White Castle

What do the neighbors drive?

Dodge
Nissan
Kia

What do the neighbors listen to?

Urban Adult Contemporary
Rhythmic Contemporary Hits

The neighbors living near this home have an average income of $31,341. Residents of Oakland, CA typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Alameda County›Oakland›94621›7008 Spencer St

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.

Oakland, CA housing market in November 2024 saw over 122 listings sold above listed price, more than 21 sold at listed price and over 59 sold below. The inventory of homes for sale in Oakland, CA between October 2024 and November 2024 decreased by 12.3%. 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.

Location

Property Highlights

Property Details

Property Features

Exterior Features

Lot Features

Utilities

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Listing History

Tax History

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

More Resources

More Homes For Sale in Oakland

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Housing Market Reports in Alameda County