2417 Ivy Drive
$1,400,000
8
4
4,152
4,152
$337
Sold 8/20/24
Description
Welcome to 2417 Ivy Drive, a classic 1940s five-unit building with a ton of charm and period details located in Oakland’s Ivy Hill close to Lake Merritt. This three-story well-maintained building consists of five large residential units (830 average SF per unit) over a laundry room and basement area approved (but expired) for a sixth unit expansion. All five units feature hardwood floors and are tenant-occupied, and in addition to the approved sixth unit within the building’s envelope a feasibility...Welcome to 2417 Ivy Drive, a classic 1940s five-unit building with a ton of charm and period details located in Oakland’s Ivy Hill close to Lake Merritt. This three-story well-maintained building consists of five large residential units (830 average SF per unit) over a laundry room and basement area approved (but expired) for a sixth unit expansion. All five units feature hardwood floors and are tenant-occupied, and in addition to the approved sixth unit within the building’s envelope a feasibility study states that two ADUs can potentially be built in the large backyard to extend this property to eight units total. All units are 2BD/1BA with living rooms and separate dining areas. Gross monthly rent is $10,611. LOW price per unit ($280,000/unit) and square foot ($337/SF) with accompanying 18% upside in rents (current cap rate 5.14%). Units are separately metered for PG&E. The location can't be beat - no car is necessary here with a walk score of 86. 1.5 miles to Lake Merritt BART; a little over a half mile to Lucky supermarket, Trader's Joes and beautiful Lake Merritt; and easy access to all the popular bars, restaurants and venues of Downtown, Uptown and the Grand Lake Ave/Lakeshore Ave district.
Property Details for 2417 Ivy Drive
City
OAKLAND
Dist Neighborhood SubdivIVY HILL
Building TypeOTHER
Property Sub TypeOTHER
Garage/ParkingAssigned Spaces, Attached Garage, Enclosed, Garage, Spaces per Unit - 1, Off-Street Parking, Parking Area
ViewDowntown
Park Spaces Total4
Total # Parking Spaces4
LISTING UPDATED: 08/24/2024 03:00 AM
Property Details for 2417 Ivy Drive
Status | Sold |
---|---|
MLS # | 41062808 |
Days on Compass | 15 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Other |
MLS Type | RESIDENTIAL INCOME / OTHER |
Year Built | 1941 |
Lot Size | 0.15 AC / 6,406 SF |
County | Alameda County |
Building Information for 2417 Ivy Drive
Stories-Residences5Year Built1941Lot Size0.15 AC / 6,406 SF
Property Information for 2417 Ivy Drive
Property History for 2417 Ivy Drive
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 2417 Ivy Drive
Taxable ValueLand$259,215Additions$786,481Total$1,045,696
Tax Record2023$18,670 ($1,556 / month)
Home Facts
Total Finished SqFt7,074 SqFtAbove Grade Finished SqFt7,074 SqFtStories3Lot Size6,406 SqFtStyleMulti-Family Res (5+ Units)Year Built1941CountyALAMEDAAPN22-338-7
Schools near 2417 Ivy Drive
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 - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Bella Vista Elementary School PublicK to 5 | ||
Edna Brewer Middle School Public6 to 8 | ||
Oakland High School Public9 to 12 | ||
Aspire Lionel Wilson College Preparatory Academy Charter6 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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