518 East 18th Street

Oakland, CA 94606

$980,000
Price
2
Beds
2
Baths
3,332 Sq. Ft.
$294 / Sq. Ft.
3,332
Sq. Ft.
$294
per Sq. Ft.

Description

Introducing Oakland’s 518 E 18th Street—the perfect starter home for any buyer who wants to pair their first residence with a stable source of rental income. This 3,332 sq. ft., 3-unit building is divided between two 1BR/1BA units and a sizable commercial space. The commercial space and one of the units are tenant occupied, while the third unit (a rear-facing 1BR) will be vacant. This arrangement will provide the new owner with a quiet, spacious place to live as well as an immediate cash flow of...Introducing Oakland’s 518 E 18th Street—the perfect starter home for any buyer who wants to pair their first residence with a stable source of rental income. This 3,332 sq. ft., 3-unit building is divided between two 1BR/1BA units and a sizable commercial space. The commercial space and one of the units are tenant occupied, while the third unit (a rear-facing 1BR) will be vacant. This arrangement will provide the new owner with a quiet, spacious place to live as well as an immediate cash flow of $5,189 per month. This property enjoys lush garden space, a shared laundry room, secured entry, and dedicated parking. Originally built in the 1920s, it also benefits from classic design elements such as wood trim finishes and built-in storage. Multiple AC Transit stops and a BART station (Lake Merritt) are all located within a 1-mile radius of this listing for commuting ease. It is also near Kaiser Permanente, Highland Hospital, Alta Bates, Children’s Hospital, and Laney College
  1. Listed by Joey Wang • DRE #01890931 • Keller Williams Realty

Property Details for 518 East 18th Street

City
OAKLAND
Dist Neighborhood Subdiv
IVY HILL
Building Type
TRIPLEX
Property Sub Type
TRIPLEX
Garage/Parking
Parking Area
Park Spaces Total
2

Location

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931
Add your commute
LISTING UPDATED: 05/22/2024 01:20 AM

Property Details for 518 East 18th Street

StatusActive
MLS #41059727
Days on Compass15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1923
Lot Size0.09 AC / 3,750 SF
CountyAlameda County

Location

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931
Add your commute

Building Information for 518 East 18th Street

Stories-Residences3Year Built1923Building Size-Lot Size0.09 AC / 3,750 SF

Payment Calculator

$6,066 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,348

Property Taxes

$718

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 518 East 18th Street

Features
Feature Details
  • Flooring: Tile, Wood
  • Laundry: Common Room, Dryer, Washer
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Central, Fireplace(s)
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Property Details
  • Additional Equipment: Dryer, Washer, Carbon Mon Detector, Security Gate, Smoke Detector
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame
  • Lot Description: Backyard, Paved
  • Lot Sq Ft Apx: 3750
  • Lot Size Square Feet: 3750.0
  • Roof: Tar and Gravel
  • Sq Ft Apx: 3332
  • Yard Description: Back Yard, Deck(s), Patio
  • Year Built: 1923
  • Acres: 0.09
Location Details
  • Directions to Property: 5th Ave to E 18th St.
  • FIPS Code: 06001
  • Census Tract: 4054.01
  • Parcel Number: 21-231-14
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
  • Street Direction: E
Multi Family Information
General Details
  • Units Total: 3
  • Basement: None
  • Parking Description: Parking Area, Security Garage, Uncovered Parking Space
  • Existing Lease Terms: Month to Month, Written Agreement, Year Lease
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Estimated, Owner, Projected
Income / Expense Details
  • Annual Gross Sched Income: $91,668
  • Operating Expenses: Garbage Collection, Insurance, Property Tax/Assessments, Water
Unit 1 Details
  • Unit #/Address - 1: 518 #1
  • Occupied By 1: Tenant
  • Bedrooms 1: 1
  • Bathrooms 1: 1
  • Apx Sq Ft 1: 683
  • Rent 1: 2369
Unit 2 Details
  • Unit #/Address - 2: 518 #2
  • Occupied By 2: Vacant
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Apx Sq Ft 2: 683
  • Rent 2: 2400est
Unit 3 Details
  • Unit #/Address - 3: 514-516
  • Occupied By 3: Tenant
  • Apx Sq Ft 3: 1258
  • Rent 3: 2820
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Storage Area(s)
Additional Information
Additional Information
  • Fireplace: No

Property History for 518 East 18th 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 518 East 18th Street

Taxable ValueLand$147,277Additions$353,466Total$500,743
Tax Record2023$8,621 ($718 / month)
Home Facts
Total Finished SqFt3,332 SqFtAbove Grade Finished SqFt3,332 SqFtStories2Lot Size3,750 SqFtStyleOffice BuildingYear Built1923CountyALAMEDAAPN21-231-14

Schools near 518 East 18th Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Bella Vista Elementary School
PublicK to 5

Edna Brewer 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.

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518 East 18th Street is a multi-family home for sale in Oakland, CA 94606. This property was listed for sale on May 15, 2024 by Keller Williams Realty, it's currently listed at $980,000. It has been on the market for a total of 15 days and was last sold on November 26, 2013. This listing's school district is Oakland Unified School District. Nearby schools include Bella Vista Elementary School, Edna Brewer Middle School and Oakland High School. 518 East 18th Street is a 2-bed, 2-bath, 3,332 sqft multi-family home built in 1923.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931

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.