2400 Humboldt Avenue
2400 Humboldt Avenue
$475,000
—
2,609
2,609
$182
Description
$475,000 cash only! $79,000/Door Rare Contractors special w/ huge upside: Beautiful 1930s Mediterranean style building struck by fire. Attractive six unit building w/ five studios and one two bedroom has great cash flow potential with two units sustaining moderate fire damage and one unit gutted it to studs w/ floor joist in good shape. Building was remodeled w/ permits in mid 1980s w/ new foundation, new electrical panel, new sewer lateral and copper piping and electrical upgrades as well as new...$475,000 cash only! $79,000/Door Rare Contractors special w/ huge upside: Beautiful 1930s Mediterranean style building struck by fire. Attractive six unit building w/ five studios and one two bedroom has great cash flow potential with two units sustaining moderate fire damage and one unit gutted it to studs w/ floor joist in good shape. Building was remodeled w/ permits in mid 1980s w/ new foundation, new electrical panel, new sewer lateral and copper piping and electrical upgrades as well as new kitchen counters and shower stalls. Building was occupied prior to fire w/ studios renting at average $1500-$1550 monthly and two bedroom priced at $2250 monthly. Building is smoke damaged throughout however, washing down walls and using ozone odor removal machines should remove smoke odor. We believe structural damage could easily be completely restored without a huge financial burdent and building could turn significant cash flow for motivated builder/investor. Building comes w/ full architectural plans for restoration and can be modified by new owner. Don't miss this rare opportunity to own six units at only $79k per door, 1/3 of Market Value Pre-Fire! Photos are from before and after the fire
- Listed by Pedram Karbassi • DRE #01351640 • BAY'S ELITE INVESTMENTS
Property Details for 2400 Humboldt Avenue
City
OAKLAND
Building Type5 or More Units
Property Sub Type5 or More Units
Garage/ParkingNo Parking
ViewNone
Total # Parking Spaces0
Location
LISTING UPDATED: 04/30/2024 12:12 PM
Property Details for 2400 Humboldt Avenue
Status | Price Change |
---|---|
MLS # | 41054227 |
Days on Compass | 36 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1923 |
Lot Size | 0.14 AC / 6,250 SF |
County | Alameda County |
Location
Building Information for 2400 Humboldt Avenue
Stories-Residences6Year Built1923Building Size-Lot Size0.14 AC / 6,250 SF
Payment Calculator
$3,335 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2400 Humboldt Avenue
Property History for 2400 Humboldt 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 2400 Humboldt Avenue
Taxable ValueLand$93,825Additions$168,885Total$262,710
Tax Record2023$8,920 ($743 / month)
Home Facts
Total Finished SqFt2,609 SqFtAbove Grade Finished SqFt2,609 SqFtStories1Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyALAMEDAAPN27-894-12
Schools near 2400 Humboldt Avenue
This home is within Oakland Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Allendale Elementary School PublicK to 5 | ||
Urban Promise Academy Public6 to 8 | ||
United For Success Academy Public6 to 8 | ||
Fremont High 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.
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