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Address Not Disclosed - MLS#40845547, Oakland, CA, 94606

$1,100,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

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Address Not Disclosed$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1964
HeatingWall Furnace
CoolingNone
MLS #40845547
Lot Size0.16 Acres
StatusActive

About This Home

This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry. Two of the units are rented close to market and the other Three are under market, which means there is also upside value in the rents.

Property Details

Property Features

Property Information:

  • Year Built: 1964

Listing Office:

  • Office Name: INFINITY INVESTMENTS
  • Office Phone: (510) 879-7542
  • Listing Agent: STEVEN PETERSON

Lot Features

Lot Information:

  • Lot: Sloped Down
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
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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

This property vs Oakland

2163 DAYS ON ROCKET

+2121 Days

$1,100,000

+$250K More

KEY TAKEAWAY

This property is $250K 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: #40845547

Listing Office:

  • Office Name: INFINITY INVESTMENTS
  • Office Phone: (510) 879-7542
  • Listing Agent: STEVEN PETERSON

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: 12/18/2024, 10:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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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

school-card-donut-4499885
4
/10

  • Fred T. Korematsu Discovery Academy

  • 10315 E St

  • 0.14 miles

  • Public District Grades KG-5

school-card-donut-4499886
3
/10

  • Esperanza Elementary School

  • 10315 E St

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-4499887
3
/10

  • Aspire Monarch Academy

  • 1445 101st Ave

  • 0.55 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,190. Residents of Oakland, CA typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Alameda County›Oakland›94606›Address Not Disclosed

This home, which was built in 1964, sits on a 0.16 acre lot. It has been listed on Rocket Homes since January 16, 2019 and is currently priced at $1,100,000.

Over 122 listings were sold over their listed price in November 2024 in Oakland, CA. In the same period over 59 listings were sold below the listed price and 21 listings were sold for the listed price. In November 2024 in Oakland, CA there were 12.3% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $850,000, while the average time on the real estate market was 42 days.

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

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