1218 13th Avenue
1218 13th Avenue
$1,554,500
—
6,747
6,747
$230
Sold 7/22/22
Description
For patient investors seeking 10% CAP opportunities, sit up and take notice of Oakland’s 1218 13th avenue. Located in the restaurant-laden, walker-friendly (93 Walk Score and a 94 Bike Score) neighborhood of East Peralta, this is a 10-unit property split between two fourplexes (each is a 2X 1BR/1BA, 2X 2BR/1BA layout) and a single duplex (two, 3BR/1BA). Close to Laney College, Lake Merritt, the Oakland Estuary, BART, and Interstate-880, the position of this property is sure to make it a popular choice...For patient investors seeking 10% CAP opportunities, sit up and take notice of Oakland’s 1218 13th avenue. Located in the restaurant-laden, walker-friendly (93 Walk Score and a 94 Bike Score) neighborhood of East Peralta, this is a 10-unit property split between two fourplexes (each is a 2X 1BR/1BA, 2X 2BR/1BA layout) and a single duplex (two, 3BR/1BA). Close to Laney College, Lake Merritt, the Oakland Estuary, BART, and Interstate-880, the position of this property is sure to make it a popular choice among future renters, who will no doubt be happy to pay the market rents of $2,050 per unit (nearly 40% more than the current per unit rents of $1,275). Eight of the ten units are individually metered for water, gas, and electricity making it easy for the new owners to pass on utility costs. No onsite parking but ample street parking is available. Current owners of 1218 13th avenue are asking for $150,000 per door.
- Listed by Joey Wang • DRE #01890931 • Keller Williams Realty
Property Details for 1218 13th Avenue
City
OAKLAND
Building Type5 or More Units
Property Sub Type5 or More Units
Garage Spaces0
ViewBay, Downtown, San Francisco
Total # Parking Spaces0
Location
LISTING UPDATED: 07/22/2022 06:43 PM
Property Details for 1218 13th Avenue
Status | Sold |
---|---|
MLS # | 40988220 |
Days on Compass | 47 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1902 |
Lot Size | 0.16 AC / 7,000 SF |
County | Alameda County |
Location
Building Information for 1218 13th Avenue
Stories-Residences10Year Built1902Building Size-Lot Size0.16 AC / 7,000 SF
Payment Calculator
$10,941 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1218 13th Avenue
Property History for 1218 13th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1218 13th Avenue
Taxable ValueLand$750,000Additions$804,500Total$1,554,500
Tax Record2023$29,490 ($2,457 / month)
Home Facts
Total Finished SqFt6,747 SqFtAbove Grade Finished SqFt6,747 SqFtStories2Lot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1902CountyALAMEDAAPN20-116-11
Schools near 1218 13th Avenue
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 - | K to 8 |
Rating | School | Distance |
---|---|---|
Franklin Elementary School PublicK to 5 | ||
Roosevelt Middle School Public6 to 8 | ||
Oakland High School Public9 to 12 | ||
Francophone Charter School Of Oakland CharterK to 8 |
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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