439 International Boulevard

Oakland, CA 94606

$1,945,000
Last Sold Price
12
Beds
4.5
Baths
5,502 Sq. Ft.
$354 / Sq. Ft.
5,502
Sq. Ft.
$354
per Sq. Ft.

Description

5.5% Cap Rate on Current Rents! Simply one of the most unique investing opportunities I have seen in Oakland. 439 International is a co-living community organized and managed by OpenDoor a co-living operator that helped to pioneer the co-living concept. In essence individual rooms are leased from $900 to roughly $1,500 per month. There is a common kitchen where individual or communal meals can be cooked and shared. Residents pay a monthly rent and pay a pro-rata share of all utilities. Current rents...5.5% Cap Rate on Current Rents! Simply one of the most unique investing opportunities I have seen in Oakland. 439 International is a co-living community organized and managed by OpenDoor a co-living operator that helped to pioneer the co-living concept. In essence individual rooms are leased from $900 to roughly $1,500 per month. There is a common kitchen where individual or communal meals can be cooked and shared. Residents pay a monthly rent and pay a pro-rata share of all utilities. Current rents are over $15,000 per month with potential to increase rents to over $18,000 per month when rooms turnover and the market allows. Co-living fits a very special niche in the tight and costly Bay Area housing market and has attracted many people who enjoy the benefits of communal living. This is a wonderful cash flowing investment for a savvy investor.
  1. Listed by Daniel Winkler • DRE #01090765 • WINKLER REAL ESTATE GROUP

Property Details for 439 International Boulevard

City
OAKLAND
Dist Neighborhood Subdiv
OAKLAND
Building Type
TRIPLEX
Property Sub Type
TRIPLEX
Garage Spaces
0
Garage/Parking
No Parking, Off-Street Parking, Parking Area
View
Partial
Park Spaces Total
3

Location

Listing Courtesy of WINKLER REAL ESTATE GROUP, Daniel Winkler, DRE #01090765

Sold By MEKONG REALTY & MORTGAGE, INC., Nha-Khanh Nguyen, DRE #01734776

Add your commute
LISTING UPDATED: 12/06/2022 02:00 AM

Property Details for 439 International Boulevard

StatusSold
MLS #40991342
Days on Compass194
Taxes$17,106 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / TRIPLEX
Year Built1996
Lot Size0.09 AC / 3,750 SF
CountyAlameda County

Location

Listing Courtesy of WINKLER REAL ESTATE GROUP, Daniel Winkler, DRE #01090765

Sold By MEKONG REALTY & MORTGAGE, INC., Nha-Khanh Nguyen, DRE #01734776

Add your commute

Building Information for 439 International Boulevard

Stories-Residences3Year Built1996Building Size-Lot Size0.09 AC / 3,750 SF

Payment Calculator

$12,040 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,615

Property Taxes

$1,426

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 439 International Boulevard

Features
Feature Details
  • Flooring: Laminate, Engineered Wood
  • Laundry: Community Facility, Dryer, Washer
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Forced Air 1 Zone, Gas
  • Water/Sewer: Sewer System - Public, Water - Public
  • Solar: None
Lot / Property Details
Home Owners Association
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Dryer, Washer, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Dual Pane Windows, Lap, Siding - Cement, Fiber Cement
  • Lot Description: Level
  • Lot Sq Ft Apx: 3750
  • Lot Size Square Feet: 3750.0
  • Roof: Unknown
  • Sq Ft Apx: 5502
  • Stories: 0.0
  • Yard Description: Deck(s), Fenced
  • Year Built: 1996
  • Acres: 0.09
Location Details
  • Directions to Property: 5th to International
  • FIPS Code: 06001
  • Parcel Number: 20-125-6
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 3
  • Basement: None
  • Parking Description: No Parking on Site, Off Street Parking, Parking Area
  • Existing Lease Terms: Month to Month, Security Deposit, Written Agreement, Year Lease
  • Tenant Pays: Other
  • Financial Data Source: Estimated, Owner, Property Manager
Income / Expense Details
  • Annual Expense Year: 75636
  • Annual Taxes $: $17,106
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $185,208
  • Annual Miscellaneous Income: $0
  • Annual Rental Income: $185,208
  • Gross Oper Income (Act): $185,208
  • Net Operating Income: $109,571
  • Annual Insurance Expense: $9,266
  • Annual License Expense: $1,894
  • Annual Maintance Expense: $13,000
  • Annual Management Expense: $23,151
  • Annual Total Oper Expense: $0
  • Annual Utility Expense: $3,400
  • Annual Vacancy Expense: $5,556
  • Operating Expenses: Garbage Collection, Insurance, Janitorial, License/Ads, Maintenance/Repair, Management, Property Tax/Assessments, Vacancy Factor
  • Other Annual Expense: $0
Unit 1 Details
  • Unit #/Address - 1: #1
  • Occupied By 1: Tenant
  • Refrigerator 1: Yes
  • Bathrooms 1: .5
  • Apx Sq Ft 1: 1956
  • Rent 1: 2250
Unit 2 Details
  • Unit #/Address - 2: #A
  • Occupied By 2: Tenant
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 5
  • Bathrooms 2: 2
  • Apx Sq Ft 2: 1564
  • Rent 2: 5563
Unit 3 Details
  • Unit #/Address - 3: #B
  • Occupied By 3: Tenant
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 7
  • Bathrooms 3: 2
  • Apx Sq Ft 3: 1462
  • Rent 3: 7621
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Balcony/Patio, Extra Storage
  • Total Deposits: 21557
Income / Expense Details
  • Gross Rent Multiplier: $0
Other Financial Information
  • Cap Rate: 0.0
Additional Information
Additional Information
  • Fireplace: No

Property History for 439 International Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 439 International Boulevard

Taxable ValueLand$585,000Additions$1,360,000Total$1,945,000
Tax Record2023$28,516 ($2,376 / month)
Home Facts
Total Finished SqFt5,728 SqFtAbove Grade Finished SqFt5,728 SqFtStories3Lot Size3,750 SqFtStyleOffice BuildingYear Built1996CountyALAMEDAAPN20-125-6

Schools near 439 International Boulevard

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
La Escuelita Elementary School
PublicK to 8

Westlake Middle School
Public6 to 8

Oakland High School
Public9 to 12

Francophone Charter School Of Oakland
CharterK to 8

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 WINKLER REAL ESTATE GROUP, Daniel Winkler, DRE #01090765

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.