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1838 5th Ave, Oakland, CA 94606$1,180,000

5
beds
2
baths
· 7500
ft2 lot

Listing provided courtesy of Yanling Huang, Outstanding Investment Co.
Source bridgeMLS;
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This excellent property is in a Prime Location, just minutes walk to Lake Merritt, shopping and restaurants. This property includes three Units building mix with one cottage. 100% Occupied with Over $69,000 income. Owner installed an automatic metal gate to make more safe, and backyard fully cover with concrete to low maintenance. Some units had recently updated with double panel windows, kitchen and floors. The spacious 7,500 SF parcel in a superb location offers many options including possible building more units. The new owner can either occupy it or rent it at market rate. This is a rare opportunity to purchase an asset which will demand market rents in a fantastic Oakland Sellers just replace a new roof, exterior paint and fixed all dry rot siding with Permit.

HOA

$—/month

On market

9 months

Year built

1953

Property type

Fourplex

Parking

4

MLS

40944109

Price / Sq.Ft.

ft2

Status

Active

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Home details for 1838 5th Ave

Interior Features & Layout
Heating & Cooling
•   
Heating Details: Electric, Gas, Wall Furnace, Central
•   
Cooling Details: No Air Conditioning
Flooring
•   
Flooring: Hardwood Floors, Laminate
Appliances
•   
Additional Equipment: Dryer, Washer, Carbon Mon Detector, Smoke Detector
Rooms Info
•   
Unit 4 Beds: 2
•   
Unit 2 Baths: 1
•   
Unit 3 Beds: 1
•   
Unit 2 Beds: 2
•   
Unit 1 Bathrooms: 1
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Spaces Unit 1: 1
•   
Parking Spaces Unit 2: 1
•   
Garage: Tenant
•   
Parking Details: Parking Area
Community Info
•   
Total Units In Complex: 4
Building Info
•   
Building Type: FOURPLEX
•   
Mls Prop Type: FOURPLEX
•   
Sqft Source: Public Records
•   
Roof: Composition Shingles
•   
Building Age: 2585, 69
•   
Unit 2 Sqft: T
Exterior Features
•   
Building Exterior Details: Stucco
•   
Exterior Features: Back Yard, Fenced, Side Yard, Storage, Back Yard Fence, Entry Gate, Fenced Front Yard, Full Fence, Porch, Storage Area, Balcony/Patio, Play Area, Storage Area(s)
Lot Info
•   
Lot Description: 2 Houses / 1 Lot
•   
Acres: 0.17
Basement Info
•   
Basement Details: Partial, Storage Area
Property Type
•   
Mls Property Type: RESIDENTIAL INCOME
Utilities & Other Information
Other
•   
Fips Code: 06001
Water & Sewer Info
•   
Water / Sewer: Sewer System - Public, Water - Public
Listing Details, Costs & Financing Information
Financing Info
•   
Loan 2 Balance: 5084
•   
Approximate Inventory Value: 7000
•   
Loan 1 Balance: 2303, 4404
Financial Info
•   
Finances Source: Owner
•   
Misc Income Annual: 8638
•   
Gross Income: 2400, 71250
•   
Operating Expense Annual: 17142
•   
Ownership Type: 1
•   
Maintenance Expense Annual: 680
•   
Licensing Expense: 51868
•   
Annual License Expenses: 1110
•   
Annual Expenses: 1200000, 17142
•   
Gross Fee Income: 69000
Lease Info
•   
Possession: Tenant's Rights
•   
Net Operating Income: 51868
•   
Monthly Rent Unit 1: 1500
•   
Monthly Rent Unit 2: 1300
•   
Monthly Rent Unit 3: 650
•   
Utilities Paid By Tenant: Electric, Gas
•   
Rental Income Annual: 69000
Listing Details
•   
Disclosures: Agt Related To Principal
•   
Exchange For
•   
Tic Agreement: 2
Terms
•   
Terms: Cash, Conventional
•   
Existing Lease Terms: Year Lease
•   
Sale Or Rent: For Sale
Listing Info
•   
Status Category: Active
•   
Status: Active
Tax/Assessment Info
•   
City Transfer Tax
•   
Tax Year: 2021
•   
Point Of Sale Ordinance
•   
Taxes: 9045.36
•   
Apn: 21-231-18
Listing Contacts
•   
Listing Agent Usercode: 206524602
•   
Listing Agent First Name: Yanling
•   
Listing Agent Last Name: Huang
School Neighborhood & Directions
Location
•   
Cross Street: E 18TH St
•   
Street Number: 1838
•   
Street Name: 5Th Ave
•   
Directions: FW 580, exit Park Blvd, turn left on 5Th Ave.
•   
Address: 1838 5Th Ave
•   
Address Search Number: 1838
Other
Calculation
•   
List Price Per Sqft: 456
•   
Cdom Mls: 273
•   
Cdom: 273, 273
Other
•   
Other (3) Description: Yes, 2021-04-04T20:42:06.6

Neighborhood snapshot

26
Properties for sale
14
Median days on market
$558.47
Median sold price/sqft
113.49%
Sold/List %
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Property History for 1838 5th Ave

12/23/2021
12/23/2021
EBRD/CCAR/Bay East #40944109
active
EBRD/CCAR/Bay East #40944109
$1,180,000
--1.67%
08/19/2021
08/19/2021
EBRD/CCAR/Bay East #40944109
active
EBRD/CCAR/Bay East #40944109
$1,200,000
+4.35%
05/31/2021
05/31/2021
EBRD/CCAR/Bay East #40944109
active
EBRD/CCAR/Bay East #40944109
$1,150,000
--90.00%
05/31/2021
05/31/2021
EBRD/CCAR/Bay East #40944109
active
EBRD/CCAR/Bay East #40944109
$11,500,000
--90.00%
05/27/2021
05/27/2021
EBRD/CCAR/Bay East #40944109
active
EBRD/CCAR/Bay East #40944109
$115,000,000
+9645.76%
See more property history

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