1165 71st Avenue

Oakland, CA 94621

$930,000
Last Sold Price
12
Beds
4
Baths
3,696 Sq. Ft.
$252 / Sq. Ft.
3,696
Sq. Ft.
$252
per Sq. Ft.

Description

PROPERTY HIGHLIGHTS • UNDER MARKET PRICING: Listed at a 6.50% CAP, under Redfin’s market price projection of $994,367 – great value • Very Strong unit mix featuring (4) spacious 3BR/1BA units • Strong rent roll with an in-place 6.50% CAP Rate / 10.69 GRM • Huge upside with a market 12.72% CAP Rate / 6.41 GRM • Off-street 1:1 gated parking • Great opportunity for a buyer to remodel units and pick their own tenants creating a great cash flowing asset Location Overview • Walk Score 82 (Very Walkable)...PROPERTY HIGHLIGHTS • UNDER MARKET PRICING: Listed at a 6.50% CAP, under Redfin’s market price projection of $994,367 – great value • Very Strong unit mix featuring (4) spacious 3BR/1BA units • Strong rent roll with an in-place 6.50% CAP Rate / 10.69 GRM • Huge upside with a market 12.72% CAP Rate / 6.41 GRM • Off-street 1:1 gated parking • Great opportunity for a buyer to remodel units and pick their own tenants creating a great cash flowing asset Location Overview • Walk Score 82 (Very Walkable) • Strong Coliseum location – short walk to local retailers on International Blvd • 0.5 mile walk to Coliseum BART • Short walk to many local retailers including diners, restaurants, convenience stores, a gym and much more • Quick commute to neighboring Bay Area cities including Downtown Oakland, Berkeley, San Francisco, and other major employment hubs
  1. Listed by Robert Dau • DRE #01992248 • Transwestern Property Co.

Property Details for 1165 71st Avenue

City
OAKLAND
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage Spaces
0
Park Spaces Total
4
Total # Parking Spaces
4

Location

Listing Courtesy of Transwestern Property Co., Robert Dau, DRE #01992248

Sold By BCRE, Lili Falsken, DRE #02019291

Add your commute
LISTING UPDATED: 08/31/2022 08:59 AM

Property Details for 1165 71st Avenue

StatusSold
MLS #40977579
Days on Compass59
Taxes$13,040 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1965
Lot Size0.11 AC / 5,000 SF
CountyAlameda County

Location

Listing Courtesy of Transwestern Property Co., Robert Dau, DRE #01992248

Sold By BCRE, Lili Falsken, DRE #02019291

Add your commute

Building Information for 1165 71st Avenue

Stories-Residences4Year Built1965Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$6,162 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,075

Property Taxes

$1,087

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1165 71st Avenue

Features
Feature Details
  • Flooring: None
  • Laundry: None
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: No Air Conditioning
  • Heating: No Heat
  • Water/Sewer: None
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
  • HOA Dues: $.00
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: None
  • Lot Description: None
  • Lot Sq Ft Apx: 5000
  • Lot Size Square Feet: 5000.0
  • Roof: None
  • Sq Ft Apx: 3696
  • Stories: 0.0
  • Yard Description: No Yard
  • Year Built: 1965
  • Acres: 0.0
Location Details
  • Directions to Property: 71st Ave
  • FIPS Code: 06001
  • Parcel Number: 41-4133-25
  • Printed Neighborhood Rpt: No
  • Board ID: BAY EAST
Multi Family Information
General Details
  • Units Total: 4
  • Basement: None
  • Parking Description: No Garage
  • Existing Lease Terms: None
  • Tenant Pays: None
  • Financial Data Source: None
Income / Expense Details
  • Annual Expense Year: 26866
  • Annual Taxes $: $13,040
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $85,068
  • Annual Miscellaneous Income: $0
  • Annual Rental Income: $85,068
  • Gross Oper Income (Act): $83,792
  • Net Operating Income: $56,926
  • Annual Insurance Expense: $1,500
  • Annual License Expense: $1,187
  • Annual Maintance Expense: $2,000
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $26,866
  • Annual Utility Expense: $6,536
  • Annual Vacancy Expense: $1,276
  • Other Annual Expense: $0
Unit 1 Details
  • Unit #/Address - 1: A
  • Occupied By 1: Tenant
  • Bedrooms 1: 3
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Apx Sq Ft 1: 924
  • Rent 1: 1831
Unit 2 Details
  • Unit #/Address - 2: B
  • Occupied By 2: Tenant
  • Bedrooms 2: 3
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Apx Sq Ft 2: 924
  • Rent 2: 1489
Unit 3 Details
  • Occupied By 3: Tenant
  • Bedrooms 3: 3
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Apx Sq Ft 3: C
  • Rent 3: 1661
Unit 4 Details
  • Unit #/Address - 4: D
  • Occupied By 4: Tenant
  • Bedrooms 4: 3
  • Bathrooms 4: 1
  • Parking Spaces 4: 1
  • Apx Sq Ft 4: 924
  • Rent 4: 2335
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: None
  • Total Deposits: 5000
Income / Expense Details
  • Gross Rent Multiplier: $0
Other Financial Information
  • Cap Rate: 0.0
Additional Information
Additional Information
  • Fireplace: No

Property History for 1165 71st Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1165 71st Avenue

Taxable ValueLand$284,580Additions$664,020Total$948,600
Tax Record2023$16,724 ($1,394 / month)
Home Facts
Total Finished SqFt3,696 SqFtAbove Grade Finished SqFt3,696 SqFtStories2Lot Size5,000 SqFtStyleQuadraplexYear Built1965CountyALAMEDAAPN41-4133-25

Schools near 1165 71st Avenue

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

Coliseum College Prep Academy
Public6 to 12

Castlemont High
Public9 to 12

Futures Elementary School
PublicK to 5

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

Listing Courtesy of Transwestern Property Co., Robert Dau, DRE #01992248

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.