1639 4th Avenue

Oakland, CA 94606

$1,775,000
Last Sold Price
Beds
5,628 Sq. Ft.
$315 / Sq. Ft.
5,628
Sq. Ft.
$315
per Sq. Ft.

Description

1639 4th Avenue is a stunning 6-unit apartment community, located in Oakland, California’s East Lake neighborhood. Situated on a 5,040 square foot parcel of land, the subject property was originally constructed in 1920 and has a gross building area of approximately 5,628 square foot, offering its tenants beautifully designed two-bedroom floorplans. The property offers on-site parking, two leased garage spaces, and enough space to potentially add an ADU. The large and open floor plans are well-maintained.1639 4th Avenue is a stunning 6-unit apartment community, located in Oakland, California’s East Lake neighborhood. Situated on a 5,040 square foot parcel of land, the subject property was originally constructed in 1920 and has a gross building area of approximately 5,628 square foot, offering its tenants beautifully designed two-bedroom floorplans. The property offers on-site parking, two leased garage spaces, and enough space to potentially add an ADU. The large and open floor plans are well-maintained.
  1. Listed by Louis Kwok • DRE #01980615 • Marcus & Millichap

Property Details for 1639 4th Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage Spaces
0
Garage/Parking
Other
Total # Parking Spaces
6

Location

Listing Courtesy of Marcus & Millichap, Louis Kwok, DRE #01980615

Sold By KW Advisors, Karina Bingham, DRE #02131607

Add your commute
LISTING UPDATED: 07/19/2022 10:46 AM

Property Details for 1639 4th Avenue

StatusSold
MLS #40983912
Days on Compass45
Taxes$30,448 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1920
Lot Size0.12 AC / 5,040 SF
CountyAlameda County

Location

Listing Courtesy of Marcus & Millichap, Louis Kwok, DRE #01980615

Sold By KW Advisors, Karina Bingham, DRE #02131607

Add your commute

Virtual Tour

Building Information for 1639 4th Avenue

Stories-Residences6Year Built1920Building Size-Lot Size0.12 AC / 5,040 SF

Payment Calculator

$12,224 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,687

Property Taxes

$2,537

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1639 4th Avenue

Features
Feature Details
  • Flooring: Other
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other Skirt
  • Lot Description: Other
  • Lot Sq Ft Apx: 5040
  • Lot Size Square Feet: 5040.0
  • Roof: Other
  • Sq Ft Apx: 5628
  • Stories: 0.0
  • Year Built: 1920
Location Details
  • Directions to Property: E17th
  • FIPS Code: 06001
  • Census Tract: 0.00.0
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 6
  • Basement: Other
  • Tenant Pays: Other
  • Financial Data Source: Other
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 3
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Approx SqFt: 940
  • Unit # 1 Rent: 1300
Unit 2
  • Unit 2 # Units This Type?: 3
  • Unit # 2 Occupied By: Vacant
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Approx SqFt: 940
  • Unit # 2 Rent: 2275
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Other
  • Tot Ann Oper Exp: 49248.0
  • Total Deposits: 99999
Income / Expense Details
  • Annual Exp Year: 49248
  • Annual Gross Sched Income: $125,939
  • Annual Insurance Expense: $4,890
  • Annual License Expense: $606
  • Annual Maint Expense: $3,300
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $6,000
  • Annual Rent Income: $123,648
  • Annual Taxes: $30,448
  • Annual Util Expense: $5,811
  • Annual Vacancy: 3709.0
  • Gross Income: $125,939
  • Gross Operating Actual Income: $125,939
  • Gross Rent Multiplier: $0
  • Net Operating Income: $76,691
  • Other Annual Expense: $12,989
Other Financial Information
  • Cap Rate: 3.93
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1639 4th 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 1639 4th Avenue

Taxable ValueLand$532,000Additions$1,240,000Total$1,772,000
Tax Record2023$29,630 ($2,469 / month)
Home Facts
Total Finished SqFt5,628 SqFtAbove Grade Finished SqFt5,628 SqFtStories3Lot Size5,040 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyALAMEDAAPN21-223-8

Schools near 1639 4th Avenue

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

Westlake 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.

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 Marcus & Millichap, Louis Kwok, DRE #01980615

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.