3215 Filbert Street

Oakland, CA 94608

$1,750,000
Price
Beds
7,130 Sq. Ft.
$245 / Sq. Ft.
7,130
Sq. Ft.
$245
per Sq. Ft.

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.
  1. Listed by David Howarth • DRE #01360348 • The Pinza Group, Inc

Property Details for 3215 Filbert Street

City
OAKLAND
Building Type
Garden Apts
Property Sub Type
Garden Apts
Garage/Parking
Other
Total # Parking Spaces
0

Location

Listing Courtesy of The Pinza Group, Inc, David Howarth, DRE #01360348
Add your commute
LISTING UPDATED: 11/13/2023 05:26 PM

Property Details for 3215 Filbert Street

StatusPending
MLS #41029482
Days on Compass139
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1915
CountyAlameda County

Location

Listing Courtesy of The Pinza Group, Inc, David Howarth, DRE #01360348
Add your commute

Building Information for 3215 Filbert Street

Building/Complex3215 Filbert StFloor-Stories-Residences8Pet Policy-Year Built1915Building Size-

Payment Calculator

$11,791 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$2,241

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3215 Filbert Street

Features
Feature Details
  • Flooring: Other
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other Skirt
  • Lot Description: Other
  • Lot Sq Ft Apx: 5000
  • Lot Size Square Feet: 5000.0
  • Roof: Other
  • Sq Ft Apx: 7130
  • Year Built: 1915
Location Details
  • Directions to Property: 32nd St left on Filbert St
  • FIPS Code: 06001
  • Census Tract: 94608
  • Parcel Number: 5-470-9
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 8
  • Basement: Other
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Other
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Other
Other Financial Information
  • Existing Loan: Assumable Qualify
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 3215 Filbert Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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 The Pinza Group, Inc, David Howarth, DRE #01360348

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.