1218 13th Avenue

Oakland, CA 94606

$1,554,500
Last Sold Price
Beds
6,747 Sq. Ft.
$230 / Sq. Ft.
6,747
Sq. Ft.
$230
per Sq. Ft.

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.
  1. Listed by Joey Wang • DRE #01890931 • Keller Williams Realty

Property Details for 1218 13th Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage Spaces
0
View
Bay, Downtown, San Francisco
Total # Parking Spaces
0

Location

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

Sold By Keller Williams Realty, Joey Wang, DRE #01890931

Add your commute
LISTING UPDATED: 07/22/2022 06:43 PM

Property Details for 1218 13th Avenue

StatusSold
MLS #40988220
Days on Compass47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1902
Lot Size0.16 AC / 7,000 SF
CountyAlameda County

Location

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

Sold By Keller Williams Realty, Joey Wang, DRE #01890931

Add your commute

Building Information for 1218 13th Avenue

Stories-Residences10Year Built1902Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$10,941 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,484

Property Taxes

$2,457

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1218 13th Avenue

Features
Feature Details
  • Flooring: Carpet, Hardwood Flrs Throughout, Laminate, Vinyl
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Carbon Mon Detector, Individual Electric Meter, Individual Gas Meter, Security Gate, Smoke Detector, Water Heater Gas, Window Security Bars
  • City Transfer Tax: Yes
  • Exterior: Wood Siding
  • Lot Description: 2 Houses / 1 Lot, Security Gate
  • Lot Sq Ft Apx: 7000
  • Lot Size Square Feet: 7000.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 6747
  • Stories: 0.0
  • Year Built: 1902
Location Details
  • Directions to Property: SE - International, right 13th
  • FIPS Code: 06001
  • Census Tract: 4060
  • Parcel Number: 20-116-11
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Oven Range Free Standing, Refrigerator
  • Some Units Have: Oven Range Free Standing, Refrigerator
  • Units Total: 10
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Estimated, Owner, Projected
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, Maintenance/Repair, Management, Trash Removal, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 4
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Approx SqFt: 533 avg
  • Unit # 1 Rent: 1225 avg
Unit 2
  • Unit 2 # Units This Type?: 4
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Approx SqFt: 724 avg
  • Unit # 2 Rent: 1,206 avg
Unit 3
  • Unit 3 # Units This Type?: 2
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 # of Bedrooms: 3
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Approx SqFt: 854 avg
  • Unit # 3 Rent: 1512 avg
Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • Inspection Reports Available: Home, Pest, Roof, Structural Pest Control
  • On Site Parking Description: On Street
  • Tot Ann Oper Exp: 0.0
  • Total Deposits: 0
  • Units - Other: Detached Cottage(s)
Income / Expense Details
  • Annual Exp Year: 0
  • Annual Gross Sched Income: $152,976
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maint Expense: $0
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $0
  • Annual Taxes: $0
  • Annual Util Expense: $0
  • Annual Vacancy: 0.0
  • Gross Income: $0
  • Gross Operating Actual Income: $0
  • Gross Rent Multiplier: 0
  • Net Operating Income: $0
  • Other Annual Expense: $0
Other Financial Information
  • Apprx Equity: 0.0
  • Cap Rate: 0
  • Existing Loan: None
  • Interest Rate: 0.0
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1218 13th 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 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.

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 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.