2400 Humboldt Avenue

Oakland, CA 94601

$475,000
Price
Beds
2,609 Sq. Ft.
$182 / Sq. Ft.
2,609
Sq. Ft.
$182
per Sq. Ft.

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
  1. Listed by Pedram Karbassi • DRE #01351640 • BAY'S ELITE INVESTMENTS

Property Details for 2400 Humboldt Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
No Parking
View
None
Total # Parking Spaces
0

Location

Listing Courtesy of BAY'S ELITE INVESTMENTS, Pedram Karbassi, DRE #01351640
Add your commute
LISTING UPDATED: 04/30/2024 12:12 PM

Property Details for 2400 Humboldt Avenue

StatusPrice Change
MLS #41054227
Days on Compass36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1923
Lot Size0.14 AC / 6,250 SF
CountyAlameda County

Location

Listing Courtesy of BAY'S ELITE INVESTMENTS, Pedram Karbassi, DRE #01351640
Add your commute

Building Information for 2400 Humboldt Avenue

Stories-Residences6Year Built1923Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$3,335 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,592

Property Taxes

$743

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2400 Humboldt Avenue

Features
Feature Details
  • Flooring: Linoleum, Wood
  • Laundry: Community Facility, Inside Unit
  • Disability Features: Other
Utility Details
  • Cooling: None
  • Heating: Floor Furnace
  • Water/Sewer: Water - Public
  • Energy Saving Feature: None
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame
  • Lot Description: Level
  • Lot Sq Ft Apx: 6250
  • Lot Size Square Feet: 6250.0
  • Roof: Unknown
  • Sq Ft Apx: 2609
  • Year Built: 1923
Location Details
  • Directions to Property: 35th Ave to Lynde St
  • FIPS Code: 06001
  • Census Tract: no
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Other
  • Some Units Have: Other
  • Units Total: 6
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas
  • Financial Data Source: None
Income / Expense Details
  • Operating Expenses: None
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • Inspection Reports Available: Other
  • On Site Parking Description: No Parking on Site
  • Tot Ann Oper Exp: 0.0
  • Total Deposits: 0
  • Units - Other: Other
Income / Expense Details
  • Annual Exp Year: 0
  • Annual Gross Sched Income: $0
  • 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
  • 1st - Yrs Remaining: 0
  • 1st Lender: 0
  • 1st Loan Number: 0
  • Apprx Equity: 0.0
  • Cap Rate: 0
  • Existing Loan: None
  • First Balance: $0
  • Interest Rate: 0.0
  • Ocpnt Req 24 Hr: No
  • Variable or Fixed Rate: 0
Additional Information
Additional Information
  • Fireplace: No

Property History for 2400 Humboldt 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 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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2400 Humboldt Avenue is a multi-family home for sale in Oakland, CA 94601. This property was listed for sale on March 28, 2024 by BAY'S ELITE INVESTMENTS, it's currently listed at $475,000. This listing's school district is Oakland Unified School District. Nearby schools include Allendale Elementary School, Urban Promise Academy and United For Success Academy. 2400 Humboldt Avenue is a 0-bed, 0-bath, 2,609 sqft multi-family home built in 1923.

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 BAY'S ELITE INVESTMENTS, Pedram Karbassi, DRE #01351640

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.