2422 East 24th Street

Oakland, CA 94601

$965,000
Last Sold Price
Beds
2,364 Sq. Ft.
$408 / Sq. Ft.
2,364
Sq. Ft.
$408
per Sq. Ft.

Description

Auction This triplex offers an amazing opportunity to live in one home and rent the other two, or rent all three and you can make $11,961 monthly rental income. If you plan on living in one home you can take advantage of Fannie Mae's new rule allowing a minimum 5% down payment. If investing this checks all boxes and it passes the 1% rule, the 50% rule, and is comprised of a remarkable unit mix, consisting of a 5 bed/1 bath plus an additional upstairs laundry room and storage, a spacious 4 bed/ 1.5...Auction This triplex offers an amazing opportunity to live in one home and rent the other two, or rent all three and you can make $11,961 monthly rental income. If you plan on living in one home you can take advantage of Fannie Mae's new rule allowing a minimum 5% down payment. If investing this checks all boxes and it passes the 1% rule, the 50% rule, and is comprised of a remarkable unit mix, consisting of a 5 bed/1 bath plus an additional upstairs laundry room and storage, a spacious 4 bed/ 1.5 bath, and a 2 bed/1 bath on a quiet street in the Meadow Brook neighborhood of Oakland. Recently renovated and reinforced in compliance with permits this property has new electrical, new copper plumbing, double pane windows, new roof, and is low maintenance with a nice tranquil backyard ideal for a communal garden. Individually metered for gas and electricity. Commuter friendly nearby Fruitvale Bart Station, Hwy 580 and 880. Come see this one for yourself!
  1. Listed by Michael S Youssef • DRE #01467549 • Brokerage DRE #01491399 • Arise Realty • 650-212-4010

Property Details for 2422 East 24th Street

MLS City Name
OAKLAND
Building Type
TRIPLEX
Garage Spaces
0
Parking Spaces
3
LISTING UPDATED: 07/29/2024 05:51 PM

Property Details for 2422 East 24th Street

StatusSold
MLS #ML81958343
Days on Compass92
Taxes$12,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1902
Lot Size0.11 AC / 4,920 SF
CountyAlameda County

Building Information for 2422 East 24th Street

Stories2Residences3Year Built1902Building Size-Lot Size0.11 AC / 4,920 SF

Property Information for 2422 East 24th Street

Features
External Links
Features
  • Fireplace: No
  • Living SqFt: 2364
  • Pool: No
  • Security Features: Window Bars with Quick Release
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Central Forced Air
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Roof: Composition, Shingle
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 2422
  • Street Name: 24th
  • Street Direction Prefix: East
  • Street Suffix: Street
  • Area ID: 2601
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 3
  • Structure SqFt: 2364
  • Structure SqFt Source: Assessor
  • Age: 122
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 026-0783-023
  • County Name: Alameda
  • City Name: OAKLAND
  • City Postal ID: 131
  • Postal Code: 94601
  • Elementary School District: 1686
  • High School District Text: Oakland Unified
Lot Information
  • Foundation: Raised
  • Horse Property: No
  • Lot Acres: .11
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $12,000
  • Building Unit Total: 3
  • Capitalization Rate: 19.59
  • Tenant Expenses: Rent Only
  • Income Includes: Lease
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $4,085
  • Expense Landscape: $1,200
  • Expense Maintenance: $828
  • Expense Management: $14,353
  • Expense Trash: $2,553
  • Expenses Other: $0
  • Expenses Utility: $3,385
  • Expenses Total: $38,404
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance
  • Gross Rent Multiplier: 3.48
  • Income Annual Gross: $136,355
  • Income Annual Rental: $143,532
  • Income Gross Scheduled: $143,532
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 5
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 4
  • Unit 2 Rent: $3,000
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,900

Property History for 2422 East 24th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2422 East 24th Street

Taxable ValueLand$264,618Additions$617,442Total$882,060
Tax Record2023$14,868 ($1,239 / month)
Home Facts
Total Finished SqFt2,364 SqFtAbove Grade Finished SqFt2,364 SqFtStories1Lot Size4,920 SqFtStyleTriplexYear Built1902Year Renovated1938CountyALAMEDAAPN26-783-23

Schools near 2422 East 24th Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Manzanita Community
PublicK to 5

Manzanita Seed
PublicK to 5

Roosevelt Middle School
Public6 to 8

Oakland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Arise Realty, Michael S Youssef, DRE #01467549

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.