3215 Filbert Street
3215 Filbert Street
$1,750,000
—
7,130
7,130
$245
Pending
Description
8-unit apartment complex offering four 3bd/1bth units, three 2bd/1bth units, and one 1b/1bth unit with six Section 8 tenants delivering strong current cash flow and excellent rental upside. www.3215filbert.com Current cap rate: 8.90%, current GRM: 8.37. The property was built in 1915, offers approximately 7,130 square feet of rental space, and sits on a 5,000 square foot lot. All the units have been updated over time with newer kitchens and bathrooms, new double pane windows, new paint, coin-operated...8-unit apartment complex offering four 3bd/1bth units, three 2bd/1bth units, and one 1b/1bth unit with six Section 8 tenants delivering strong current cash flow and excellent rental upside. www.3215filbert.com Current cap rate: 8.90%, current GRM: 8.37. The property was built in 1915, offers approximately 7,130 square feet of rental space, and sits on a 5,000 square foot lot. All the units have been updated over time with newer kitchens and bathrooms, new double pane windows, new paint, coin-operated laundry, in-unit water heaters, and updated electrical and plumbing systems. Maintenance is low and the property is separately metered for water and PG&E providing for low annual operating expenses. Several units are below market in rent, offering the next investor the opportunity to raise rents over time and achieve greater cash flow. The exterior and interior are in great condition with no deferred maintenance resulting in a rare turn-key investment with solid upside. The current loan of approximately $1,150,000 can be assumed at 4.25% until late 2026.
- Listed by David Howarth • DRE #01360348 • The Pinza Group, Inc
Property Details for 3215 Filbert Street
City
OAKLAND
Building TypeGarden Apts
Property Sub TypeGarden Apts
Garage/ParkingOther
Total # Parking Spaces0
Location
LISTING UPDATED: 11/13/2023 05:26 PM
Property Details for 3215 Filbert Street
Status | Pending |
---|---|
MLS # | 41029482 |
Days on Compass | 139 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1915 |
County | Alameda County |
Location
Building Information for 3215 Filbert Street
Building/Complex3215 Filbert StFloor-Stories-Residences8Pet Policy-Year Built1915Building Size-
Payment Calculator
$11,791 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3215 Filbert Street
Property History for 3215 Filbert Street
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 3215 Filbert Street
Taxable ValueLand$589,704Additions$884,235Total$1,473,939
Tax Record2023$26,887 ($2,241 / month)
Home Facts
Total Finished SqFt7,130 SqFtAbove Grade Finished SqFt7,130 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1915Year Renovated1940CountyALAMEDAAPN5-470-9
Schools near 3215 Filbert Street
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 |
---|---|---|
Hoover Elementary School PublicK to 5 | ||
West Oakland Middle School Public6 to 8 | ||
Mcclymonds 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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