355 Somerset Road

Oakland, CA 94611

$1,500,000
Last Sold Price
4
Beds
4
Baths
2,588 Sq. Ft.
$580 / Sq. Ft.
2,588
Sq. Ft.
$580
per Sq. Ft.

Description

Located near the border of Piedmont, this rare 4 unit property is a great opportunity to acquire a trophy property. Two units are 1 BA/1 BA/666 SqFt and two units are 1 BA/1 BA/621 SqFt. Two units are tenant-occupied. Each unit includes a garage. The market rent is significantly higher than the actual rent. Opinion of market rent on 12/01/2019 was $2,200/unit (source: appraisal report). EBMUD Compliance Certificate for Private Sewer Lateral. Excellent location and opportunity!Located near the border of Piedmont, this rare 4 unit property is a great opportunity to acquire a trophy property. Two units are 1 BA/1 BA/666 SqFt and two units are 1 BA/1 BA/621 SqFt. Two units are tenant-occupied. Each unit includes a garage. The market rent is significantly higher than the actual rent. Opinion of market rent on 12/01/2019 was $2,200/unit (source: appraisal report). EBMUD Compliance Certificate for Private Sewer Lateral. Excellent location and opportunity!

Listing Agents

  1. Ben Faber

    Ben Faber

    Listing Agent

    Compass

    DRE #01913767

    ben.faber@compass.com

    P: 415.686.4980

  2. Faber Real Estate Team

    Faber Real Estate Team

    Listing Agent

    Compass

    DRE #01913767

    faberteam@compass.com

    P: 415.686.4980

Property Details for 355 Somerset Road

Cross Street
Estates Dr
Total Parking Spaces
4

Location

Add your commute
LISTING UPDATED: 08/18/2022 12:35 PM

Property Details for 355 Somerset Road

StatusClosed
MLS #321112411
Days on Compass19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1949
Lot Size0.16 AC / 7,113 SF
CountyAlameda County

Location

Add your commute

Virtual Tour

Building Information for 355 Somerset Road

Stories2Residences-Year Built1949Building Size-Lot Size0.16 AC / 7,113 SF

Payment Calculator

$10,253 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$2,067

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 355 Somerset Road

Summary
Location and General Information
  • Area/District: Oakland Zip 94611
  • Area Short Display: 2611
  • Directions to Property: Google Maps
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 048C720000159
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
Parking
  • Parking Features: Detached, Garage
  • Carport Spaces: 0
  • Garage Spaces: 4
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 2
Property
Lot Information
  • Square Footage: 2588.0
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 7113.0
  • Lot Features: None
Property and Assessments
  • Buyer Financing: Conventional
  • Picture Count: 38
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed.<BR> Copyright &copy; 2022 Bay Area Real Estate Information Services, Inc. All rights reserved.<BR>Copyright</A> &copy;2022 <A name="trans">Rapattoni Corporation. All rights reserved.</A><BR>U.S. Patent 6,910,045
  • Actual or Scheduled: Scheduled
  • Gross Rent Multiplier: 0.0
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
Interior and Exterior Features
Exterior Features
  • Stories: 2
  • Levels: 2 Story
  • # of Floors: 0
Interior Features
  • Heating: Gas, Wall Furnace
  • Cooling: None
  • Laundry Features: Other
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 4
  • 1 Bedroom Rent Range: 2200
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 2
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Rent Range: 2200
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 2200
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 2200
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $105,600.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 1
  • # Of Units Total: 4
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Description: 3 Rooms/1 Bedroom/1 Bathroom/666 SqFt
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 0
  • Unit 1 Approx SqFt: 666
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: 3 Rooms/1 Bedroom/1 Bathroom/621 SqFt
  • Unit 2 Full Baths: 1
  • Unit 2 SqFt Source: Appraiser
  • Unit 2 # of Rooms: 3
  • Unit 2 Approx SqFt: 621
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 3
  • Unit 3 Description: 3 Rooms/1 Bedroom/1 Bathroom/666 SqFt
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 SqFt Source: Appraiser
  • Unit 3 # of Rooms: 3
  • Unit 3 Approx SqFt: 666
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Description: 3 Rooms/1 Bedroom/1 Bathroom/621 SqFt
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 3
  • Unit 4 Approx SqFt: 621
  • Unit 4 Type: Apartment

Property History for 355 Somerset Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 355 Somerset Road

Taxable ValueLand$459,000Additions$1,071,000Total$1,530,000
Tax Record2023$24,799 ($2,067 / month)
Home Facts
Total Finished SqFt2,588 SqFtAbove Grade Finished SqFt2,588 SqFtStories2Lot Size7,114 SqFtStyleQuadraplexYear Built1949CountyALAMEDAAPN48C-7200-1-59

Schools near 355 Somerset Road

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 - 9 to 12
Rating
School
Distance
Montclair Elementary School
PublicK to 5

Montera Middle School
Public6 to 8

Skyline High School
Public9 to 12

Oakland Charter High School
Charter9 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.

Similar Homes

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Similar Sold Homes

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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 Compass, Faber Real Estate Team, DRE #01913767

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.