389 Somerset Road

Oakland, CA 94611

$1,360,000
Price
6
Beds
3
Baths
2,680 Sq. Ft.
$507 / Sq. Ft.
2,680
Sq. Ft.
$507
per Sq. Ft.

Description

Well-maintained two-level quadruplex located on a large lot in the highly sought-after Montclair neighborhood of Oakland blocks away from Piedmont and Montclair Village. Two units have 1 bedroom and 1 bath, and the other two units have 2 bedrooms and 1 bath. All units have a private balcony with tree-lined views. Onsite laundry room, storage basement, with 4 carport and 2 uncovered parking spaces. Located near nature trails, grocery stores, restaurants, and State Route 13.Well-maintained two-level quadruplex located on a large lot in the highly sought-after Montclair neighborhood of Oakland blocks away from Piedmont and Montclair Village. Two units have 1 bedroom and 1 bath, and the other two units have 2 bedrooms and 1 bath. All units have a private balcony with tree-lined views. Onsite laundry room, storage basement, with 4 carport and 2 uncovered parking spaces. Located near nature trails, grocery stores, restaurants, and State Route 13.
  1. Listed by Ivy Wang • DRE #01973133 • Brokerage DRE #01360316 • Century 21 Ludecke Inc.

Property Details for 389 Somerset Road

Parking Spaces Total
6
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2680
Assessor Parcel Number
048C720000149
Property Attached YN
true

Location

Listing Courtesy of Century 21 Ludecke Inc., Ivy Wang, DRE #01973133
Add your commute
LISTING UPDATED: 05/25/2024 03:54 PM

Property Details for 389 Somerset Road

StatusActive
MLS #AR24100887
Days on Compass24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.16 AC / 7,081 SF
CountyAlameda County

Location

Listing Courtesy of Century 21 Ludecke Inc., Ivy Wang, DRE #01973133
Add your commute

Building Information for 389 Somerset Road

Stories2Residences-Year Built1963Building Size-Lot Size0.16 AC / 7,081 SF

Payment Calculator

$7,969 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,422

Property Taxes

$547

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 389 Somerset Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $93,300
  • Net Operating Income: $74,417
Expense Details
  • Operating Expense: $18,883
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $5,250
  • Professional Management Expense: $4,938
  • Trash Expense: $3,980
  • Water Sewer Expense: $4,715
  • Total Expenses: $18,883
Tax / Assessment Info
  • Tax Census Tract: 4045.01
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Community Features: Hiking
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Cul-De-Sac, Lot 6500-9999, Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Carport
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Assigned, Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,635
  • Unit Type Total Rent: $1,635
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $1,718
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,718
  • Unit Type Total Rent: $1,718
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 389 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 389 Somerset Road

Taxable ValueLand$136,312Additions$71,621Total$207,933
Tax Record2023$6,562 ($547 / month)
Home Facts
Total Finished SqFt2,680 SqFtAbove Grade Finished SqFt2,680 SqFtStories2Lot Size7,081 SqFtStyleQuadraplexYear Built1963CountyALAMEDAAPN48C-7200-1-49

Schools near 389 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

389 Somerset Road is a multi-family home for sale in Oakland, CA 94611. This property was listed for sale on May 22, 2024 by Century 21 Ludecke Inc., it's currently listed at $1,360,000. This listing's school district is Oakland Unified School District. Nearby schools include Montclair Elementary School, Montera Middle School and Skyline High School. 389 Somerset Road is a 6-bed, 3-bath, 2,680 sqft multi-family home built in 1963.

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 Century 21 Ludecke Inc., Ivy Wang, DRE #01973133

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.