4059 Allendale Avenue

Oakland, CA 94619

$1,890,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great multifamily investment. Excellent unit mix of 4 (2 x 1) and 1 (6 x 4). Two of the bedrooms in unit 1 are non-conforming, also 2 of the bathrooms in unit 1 are non-conforming. Property is valued at a 5.4% CR with upside available. The units are in great condition with updates on some of the units with flooring and lighting. The neighborhood is comprised mostly of single family homes, and many have recently gone thru renovations. Excellent multi-family investment opportunity.

Property Details for 4059 Allendale Avenue

Area
Oakland Zip Code 94619
City
OAKLAND
Building Type
Lowrise (1-3 Flrs)

Location

Listing Courtesy of MARCUS & MILLICHAP, DAVID NELSON, DRE #01716942

Building Information for 4059 Allendale Avenue

Stories-Residences-Year Built1968Building Size-Lot Size-

Payment Calculator

$6,798 per month

30 year fixed, 3.51% Interest

Principal and Interest

$6,798

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 4059 Allendale Avenue

Features
    Feature Details
  • Flooring: Laminate, Carpet - Wall to Wall
    Utility Details
  • Cooling: None
  • Heating: Gas
  • Water/Sewer: Sewer System - Public
Lot / Property Details
    Home Owners Association
  • HOA: No
  • HOA Amenities: Other
    Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Grade - Level
  • Roof: Tar and Gravel
  • Year Built: 1968
  • Zoning: R-2
    Location Details
  • Directions to Property: Allendale just off High Street
  • FIPS Code: 06001
  • New Subdivision: No
  • Census Tract: 407000/3
  • Parcel Number: 32-2058-86
  • Printed Neighborhood Rpt: No
  • Board ID: OAKLAND BERKELEY
  • Street Number Numeric: 4059.0
  • Street Name: Allendale
  • County: Alameda
  • Zip Code: 94619
Multi Family Information
    General Details
  • Financial Data Source: Owner
Multi Family 5+ Information
    Building Details
  • Additional Features-Misc: Other
  • All Units Have: Other
  • Apx Lot Acres: 0
  • Apx Lot Sq Ft: 8751
  • Basement: None
  • On Site Parking Description: Covered Parking
  • Tenant Pays: Electric, Gas
  • Total # Parking Spaces: 7
  • Tot Ann Oper Exp: 57762.0
  • Tot Bldg Sq Ft: 7692.0
  • Total Deposits: 99
    Unit 1 Information
  • Unit # 1 Approx SqFt: 2000
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Parking Spaces: 2
  • Unit # 1 Rent: 6000.00
  • Unit 1 # Units This Type?: 1
    Unit 2 Information
  • Unit # 2 Approx SqFt: 800
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Rent: 1063
  • Unit 2 # Units This Type?: 1
    Unit 3 Information
  • Unit # 3 Approx SqFt: 800
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Parking Spaces: 1
  • Unit # 3 Rent: 3000
  • Unit 3 # Units This Type?: 1
    Unit 4 Information
  • Unit # 4 Approx SqFt: 800
  • Unit # 4 Parking Spaces: 1
  • Unit # 4 Rent: 2050
  • Unit 4 # Units This Type?: 1
    Income / Expense Details
  • Annual Exp Year: 57752
  • Annual Gross Sched Income: $99
  • Annual Insurance Expense: $3,500
  • Unit # 5 Approx SqFt: 825
  • Annual Maint Expense: $99
  • Annual Mgmt Expense: $99
  • Annual Misc Income: $99
  • Unit # 5 Parking Spaces: 1
  • Annual Taxes: $32,000
  • Annual Util Expense: $5,000
  • Unit # 5 Rent: 2200
  • Unit 5 # Units This Type?: 1
  • Gross Operating Actual Income: $99
  • Gross Rent Multiplier: 11
  • Net Operating Income: $114,004
  • Other Annual Expense: $99
    Other Financial Information
  • Cap Rate: 6.2
  • Existing Loan: Private
  • Financial Data Source: Owner
  • Ocpnt Req 24 Hr: Yes

Property History for 4059 Allendale Avenue

DateEvent & SourcePriceAppreciation
Jan 23, 2020

Withdrawn

EBRD #40888099

Jan 22, 2020

Withdrawn

MLSListings #EB40888099

Dec 11, 2019

Price Change

EBRD #40888099

$1,890,000
DateEvent & SourcePrice
01/23/2020

Withdrawn

EBRD #40888099

01/22/2020

Withdrawn

MLSListings #EB40888099

12/11/2019

Price Change

EBRD #40888099

$1,890,000

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

Public Records for 4059 Allendale Avenue

Taxable ValueLand$193,928Additions$584,478Total$778,406
Tax Record2018$35,680
Home Facts
Beds12Finished Sq.Ft.7,692 SqFtStories2Lot Size87,500 SqFtStyleMulti-Family Dwelling (2-4)Year Built1968Year Renovated1968CountyALAMEDAAPN032 205808600

Schools near 4059 Allendale Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Allendale Elementary SchoolPublicK-50.3 mi
1
Melrose Leadership AcademyPublicPK-80.4 mi
3
Learning Without Limits SchoolCharterK-50.5 mi
3
Global Family SchoolPublicK-50.6 mi
1

Allendale Elementary School

K-5, 0.3 mi, Public

1

Melrose Leadership Academy

PK-8, 0.4 mi, Public

3

Learning Without Limits School

K-5, 0.5 mi, Charter

3

Global Family School

K-5, 0.6 mi, Public

1

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.

Property Details for 4059 Allendale Avenue

StatusWithdrawn
MLS #40888099
Year Built1968
DOM79
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Lot Size-
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyAlameda County

Listing Agent

DAVID NELSON

MARCUS & MILLICHAP

david.nelson@marcusmillichap.com

P: 510.379.1200

DRE #01716942

Contact Agent(s)

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. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of MARCUS & MILLICHAP, DAVID NELSON, DRE #01716942
Based on information from the San Francisco Association of Realtors as of 11/05/2019 12:00 AM, the MLSListings MLS as of 11/05/2019 12:00 AM, or the BAREIS MLS as of 11/05/2019 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 01/23/2020 05:09 PM