570 Boden Way

Oakland, CA 94610

$4,225,000
Last Sold Price
Beds
12,294 Sq. Ft.
$344 / Sq. Ft.
12,294
Sq. Ft.
$344
per Sq. Ft.

Description

We are pleased to present 570 Boden Way, a nine-unit multifamily property located just steps from Lake Merritt. The property consists of nine (9) 2 bedroom / 2 bathroom units averaging over 1,200 square feet each. The building sits above 14 garage spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers on-site laundry, tenant storage lockers, and balconies with sweeping views of Lake Merritt, Grand Lake Theater, and Downtown Oakland....We are pleased to present 570 Boden Way, a nine-unit multifamily property located just steps from Lake Merritt. The property consists of nine (9) 2 bedroom / 2 bathroom units averaging over 1,200 square feet each. The building sits above 14 garage spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers on-site laundry, tenant storage lockers, and balconies with sweeping views of Lake Merritt, Grand Lake Theater, and Downtown Oakland. This is truly a rare pride of ownership asset in an A+ location. Situated just blocks from both Lakeshore Avenue and Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Coffee and various cafes and shops all within walking distance.
  1. Listed by TIMOTHY WARREN • DRE #02008347 • JOSEPH M. TAPIA, BROKER

Property Details for 570 Boden Way

City
OAKLAND
Building Type
Lowrise (1-3 Flrs)
Property Sub Type
Lowrise (1-3 Flrs)
Total # Parking Spaces
14

Location

Listing Courtesy of JOSEPH M. TAPIA, BROKER, TIMOTHY WARREN, DRE #02008347

Sold By JOSEPH M. TAPIA, BROKER, TIMOTHY WARREN, DRE #02008347

Add your commute
LISTING UPDATED: 12/28/2020 10:07 AM

Property Details for 570 Boden Way

StatusSold
MLS #40900650
Days on Compass223
Taxes$61,596 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Lowrise (1-3 Flrs)
Year Built1960
Lot Size0.32 AC / 14,000 SF
CountyAlameda County

Location

Listing Courtesy of JOSEPH M. TAPIA, BROKER, TIMOTHY WARREN, DRE #02008347

Sold By JOSEPH M. TAPIA, BROKER, TIMOTHY WARREN, DRE #02008347

Add your commute

Building Information for 570 Boden Way

Stories-Residences9Year Built1960Building Size-Lot Size0.32 AC / 14,000 SF

Payment Calculator

$28,191 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,058

Property Taxes

$5,133

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 570 Boden Way

Features
Feature Details
  • Flooring: Hardwood Flrs Throughout
  • Laundry: Coin Operated, Community Facility
  • Disability Features: Elevator
Utility Details
  • Cooling: Central 1 Zone A/C
  • Heating: Forced Air 1 Zone
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Property Details
  • Additional Equipment: Fire Sprinklers, Garage Door Opener, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Siding
  • Lot Description: Up Slope
  • Lot Sq Ft Apx: 14000
  • Lot Size Square Feet: 14000.0
  • Roof: Rolled Composition
  • Sq Ft Apx: 12294
  • Year Built: 1960
Location Details
  • Directions to Property: Boden Way
  • FIPS Code: 06001
  • Census Tract: 4052
  • Parcel Number: 23-419-19-3
  • Printed Neighborhood Rpt: No
  • Board ID: OAKLAND BERKELEY
Multi Family Information
General Details
  • All Units Have: Dishwasher, Disposal, Oven Range Built-In, Refrigerator, Updated Baths, Updated Kitchen
  • Units Total: 9
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas, Parking
  • Financial Data Source: Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Balcony/Patio, Elevator, Wired For Cable TV
  • Apx Lot Acres: 0
  • On Site Parking Description: Garage Parking, Space Per Unit - 1
  • Tot Ann Oper Exp: 106407.0
  • Total Deposits: 0
Income / Expense Details
  • Annual Exp Year: 106407
  • Annual Gross Sched Income: $323,448
  • Annual Insurance Expense: $5,362
  • Annual License Expense: $3,055
  • Annual Maint Expense: $4,500
  • Annual Mgmt Expense: $12,549
  • Annual Misc Income: $10,428
  • Annual Rent Income: $313,020
  • Annual Taxes: $61,596
  • Annual Util Expense: $11,258
  • Annual Vacancy: 9703.0
  • Gross Income: $313,744
  • Gross Operating Actual Income: $323,448
  • Gross Rent Multiplier: 13.91
  • Net Operating Income: $207,337
  • Other Annual Expense: $8,087
Other Financial Information
  • Cap Rate: 4.61
  • Existing Loan: ARM
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 570 Boden Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 570 Boden Way

Taxable ValueLand$1,144,440Additions$3,309,504Total$4,453,944
Tax Record2023$68,843 ($5,737 / month)
Home Facts
Total Finished SqFt12,294 SqFtAbove Grade Finished SqFt12,294 SqFtStories3Lot Size14,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1960Year Renovated1961CountyALAMEDAAPN23-419-19-3

Schools near 570 Boden Way

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
Cleveland Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical 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.

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 JOSEPH M. TAPIA, BROKER, TIMOTHY WARREN, DRE #02008347

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.