12 days on rocket

7008 Spencer St, Oakland, CA, 94621

$1,299,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,700 SqFt
$481/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

7008 Spencer St, Oakland$1,299,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (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
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Med. Sold Price

$860.7K

Med. Price/SqFt

$591

Avg. Days On Market

33

# of Sold Homes

268

7008 Spencer St vs Oakland

12 DAYS ON ROCKET

-21 Days

$1,299,000

+$438.2K More

$481/SqFt

-$110 Less

KEY TAKEAWAY

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

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: 11/15/2024, 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

Nov 16, 2009Home Sold
$183,000
Mar 30, 2006Home Sold
$615,000

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$6,551

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,961

Powered By

Rocket Mortgage

Advertisement

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

school-card-donut-443564
3
/10
  • Community United Elementary School

  • 6701 International Blvd

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-443565
4
/10
  • Acorn Woodland Elementary School

  • 1025 81st Ave

  • 0.49 miles

  • Public District Grades PK-5

school-card-donut-443566
3
/10
  • EnCompass Academy

  • 1025 81st Ave

  • 0.49 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

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.

All data provided by Home Junction and Claritas


Rocket HomesCaliforniaAlameda CountyOakland946217008 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.

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.

More Resources