283 Park View Terrace

Oakland, CA 94610

$1,950,000
Last Sold Price
2
Beds
4
Baths
3,901 Sq. Ft.
$500 / Sq. Ft.
3,901
Sq. Ft.
$500
per Sq. Ft.

Description

With four units (2, 1BR/1BA and 2, 2+BR/1BA) and 3,901 sq. ft., Oakland’s 283 Park View Terrace is a versatile multifamily property that’s ready for new ownership. Strong existing income, ADU potential, and a central location that’s near Downtown Oakland as well as Lake Merritt make this a smart investment for either the short- or long-term. Exceptional shopping and dining options along nearby Broadway street, Grand avenue, and Lakeshore avenue ensure any vacancies will be both short-lived and filled...With four units (2, 1BR/1BA and 2, 2+BR/1BA) and 3,901 sq. ft., Oakland’s 283 Park View Terrace is a versatile multifamily property that’s ready for new ownership. Strong existing income, ADU potential, and a central location that’s near Downtown Oakland as well as Lake Merritt make this a smart investment for either the short- or long-term. Exceptional shopping and dining options along nearby Broadway street, Grand avenue, and Lakeshore avenue ensure any vacancies will be both short-lived and filled with desirable new tenants. For those looking to occupy as well as own, know that one of the units (a top-floor, 1BR) will be delivered vacant at close. It bears mentioning that—from a structural standpoint—the foundation, plumbing, and electrical are all relatively new, which means the new owners will not be required to expend additional dollars on costly modernization projects.
  1. Listed by Joey Wang • DRE #01890931 • KELLER WILLIAMS REALTY

Property Details for 283 Park View Terrace

City
OAKLAND
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Park Spaces Total
0

Location

Listing Courtesy of KELLER WILLIAMS REALTY, Joey Wang, DRE #01890931

Sold By Kite Hill Real Estate, Jatin Mehta, DRE #02045713

Add your commute
LISTING UPDATED: 11/01/2021 04:54 PM

Property Details for 283 Park View Terrace

StatusSold
MLS #40966429
Days on Compass20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1907
Lot Size0.12 AC / 5,426 SF
CountyAlameda County

Location

Listing Courtesy of KELLER WILLIAMS REALTY, Joey Wang, DRE #01890931

Sold By Kite Hill Real Estate, Jatin Mehta, DRE #02045713

Add your commute

Building Information for 283 Park View Terrace

Stories-Residences4Year Built1907Building Size-Lot Size0.12 AC / 5,426 SF

Payment Calculator

$13,232 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,642

Property Taxes

$2,590

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 283 Park View Terrace

Features
Feature Details
  • Flooring: Hardwood Floors, Tile, Vinyl
  • Laundry: Common Room, Dryer, In Closet, Washer, Washer/Dryer Hookups
Room Details
  • Additional Rooms: Basement - Separate Entry, Basement - Storage Area
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Forced Air 1 Zone
  • Water/Sewer: Sewer System - Public
  • Energy Saving Feature: Appliances
Lot / Property Details
Property Details
  • Additional Equipment: Dryer, Washer, Water Heater Gas, Secured Access, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Wood Frame, Wood Siding
  • Lot Description: Corner, Front Yard, Landscape Front, Partial Fence
  • Lot Sq Ft Apx: 5426
  • Lot Size Square Feet: 5426.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3901
  • Yard Description: Front Yard, Sprinklers Front, Landscape Front
  • Year Built: 1907
  • Acres: 0.13
Location Details
  • Directions to Property: On Grand Ave, turn right onto Park View Terrace.
  • FIPS Code: 06001
  • Census Tract: 4037.01
  • Parcel Number: 10-770-4-1
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Some Units Have: Deck, Dishwasher, Updated Baths, Updated Kitchen
  • Units Total: 4
  • Basement: Separate Entry, Storage Area
  • Parking Description: On Street, Street Parking
  • Separate Meters: Electric, Gas
  • Existing Lease Terms: Month to Month, Written Agreement
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Estimated, Owner, Projected
Income / Expense Details
  • Annual Expense Year: 0
  • Annual Taxes $: $0
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $125,333
  • Annual Miscellaneous Income: $0
  • Annual Rental Income: $0
  • Gross Oper Income (Act): $0
  • Net Operating Income: $0
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maintance Expense: $0
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $0
  • Annual Utility Expense: $0
  • Annual Vacancy Expense: $0
  • Operating Expenses: Electric, Gas, Maintenance/Repair, Property Tax/Assessments, Utilities, Vacancy Factor, Water
  • Other Annual Expense: $0
Unit 1 Details
  • Unit #/Address - 1: A
  • Occupied By 1: Tenant
  • Bedrooms 1: 2+
  • Bathrooms 1: 1
  • Apx Sq Ft 1: 1084
  • Rent 1: 2384
Unit 2 Details
  • Unit #/Address - 2: B
  • Occupied By 2: Tenant
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Apx Sq Ft 2: 925
  • Rent 2: 2344
Unit 3 Details
  • Unit #/Address - 3: C
  • Occupied By 3: Vacant
  • Bedrooms 3: 1
  • Bathrooms 3: 1
  • Apx Sq Ft 3: 713
  • Rent 3: 2300est
Unit 4 Details
  • Unit #/Address - 4: D
  • Occupied By 4: Tenant
  • Bedrooms 4: 2+
  • Bathrooms 4: 1
  • Apx Sq Ft 4: 1179
  • Rent 4: 3350
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Balcony/Patio, Lawn Sprinkler, Storage Area(s)
  • Total Deposits: 0
Additional Information
Additional Information
  • Fireplace: No

Property History for 283 Park View Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 283 Park View Terrace

Taxable ValueLand$596,700Additions$1,392,300Total$1,989,000
Tax Record2023$31,076 ($2,590 / month)
Home Facts
Total Finished SqFt3,557 SqFtAbove Grade Finished SqFt3,557 SqFtLot Size5,426 SqFtStyleQuadraplexYear Built1907Year Renovated1912CountyALAMEDAAPN10-770-4-1

Schools near 283 Park View Terrace

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
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Street Academy (Alternative)
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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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 KELLER WILLIAMS REALTY, Joey Wang, DRE #01890931

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.