1608 Myrtle Street

Oakland, CA 94607

$995,000
Price
Beds
3,970 Sq. Ft.
$251 / Sq. Ft.
3,970
Sq. Ft.
$251
per Sq. Ft.

Description

Welcome to an outstanding investment opportunity: a lucrative 6-unit property consisting of two structures, strategically situated in the Oak Center neighborhood of West Oakland. Positioned on a corner lot, this property boasts impressive performance with a CAP rate exceeding 8.5%. Each unit is equipped with individual PG&E meters, offering convenience and efficiency for both landlord and tenants. Noteworthy is the exemption from soft-story retrofit requirements and the sewer lateral compliance in...Welcome to an outstanding investment opportunity: a lucrative 6-unit property consisting of two structures, strategically situated in the Oak Center neighborhood of West Oakland. Positioned on a corner lot, this property boasts impressive performance with a CAP rate exceeding 8.5%. Each unit is equipped with individual PG&E meters, offering convenience and efficiency for both landlord and tenants. Noteworthy is the exemption from soft-story retrofit requirements and the sewer lateral compliance in accordance with the City of Oakland's regulations.
  1. Listed by Marco Barretto • DRE #02078316 • Brokerage DRE #02111757 • Avenue 8 Inc.
  2. Listed by Zach DeRossette • DRE #EB909285 • Avenue 8 Inc.

Property Details for 1608 Myrtle Street

Parking Features
Carport/Pad, Street, Uncovered, See Remarks
Cross Street
16th Street
Total Parking Spaces
2

Open Houses

Sunday, May 5th

3:00 PM - 4:00 PM

PublicView Details

Location

Listing Courtesy of Avenue 8 Inc., Marco Barretto, DRE #02078316; Avenue 8 Inc., Zach DeRossette, DRE #EB909285
Add your commute
LISTING UPDATED: 05/04/2024 12:49 PM

Property Details for 1608 Myrtle Street

StatusActive
MLS #424027185
Days on Compass9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built-
Lot Size0.11 AC / 5,000 SF
CountyAlameda County

Location

Listing Courtesy of Avenue 8 Inc., Marco Barretto, DRE #02078316; Avenue 8 Inc., Zach DeRossette, DRE #EB909285
Add your commute

Building Information for 1608 Myrtle Street

Stories-Residences6Year Built-Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$7,025 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,430

Property Taxes

$1,595

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1608 Myrtle Street

Summary
Location and General Information
  • Area/District: Oakland Zip 94607
  • Area Short Display: 2607
  • Location Description: Oakland Zip 94607
Taxes and HOA Information
  • APN: 5-384-16
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 2.0
  • Parking: Carport, Street, Uncovered, See Remarks
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Agent-Fill
  • Lot Features: Corner
Property and Assessments
  • Picture Count: 8
  • Photos Provided By: Agent
  • Elevation: 0
  • Units Furnished: Varies By Unit
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Stories: 0
Interior Features
  • Full Bathrooms: 0
  • # of Rooms: 16
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 3
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 3
2 Bedroom Unit
  • # of 2 Bedroom Units: 2
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 1
3 Bedroom Unit
  • # of 3 Bedroom Units: 1
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 1
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 96.39
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 0.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 6
  • # Of Units Total: 6
  • # Of Units Vacant: 1
  • # Of Units Leased: 5
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%

Property History for 1608 Myrtle 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 1608 Myrtle Street

Taxable ValueLand$304,500Additions$708,876Total$1,013,376
Tax Record2023$19,144 ($1,595 / month)
Home Facts
Total Finished SqFt3,970 SqFtAbove Grade Finished SqFt3,970 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1919CountyALAMEDAAPN5-384-16

Schools near 1608 Myrtle 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 - K to 8
Rating
School
Distance
Martin Luther King, Jr. Elementary School
PublicK to 5

West Oakland Middle School
Public6 to 8

Mcclymonds 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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1608 Myrtle Street is a multi-family home for sale in Oakland, CA 94607. This property was listed for sale on April 25, 2024 by Avenue 8 Inc., it's currently listed at $995,000. It has been on the market for a total of 9 days and was last sold on July 28, 2022. This listing's school district is Oakland Unified School District. Nearby schools include Martin Luther King, Jr. Elementary School, West Oakland Middle School and Mcclymonds High School. 1608 Myrtle Street is a 0-bed, 0-bath, 3,970 sqft multi-family home.

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 Avenue 8 Inc., Marco Barretto, DRE #02078316; Avenue 8 Inc., Zach DeRossette, DRE #EB909285

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.