624 31st Street

Oakland, CA 94609

$1,485,000
Last Sold Price
Beds
4,854 Sq. Ft.
$306 / Sq. Ft.
4,854
Sq. Ft.
$306
per Sq. Ft.

Description

624 31st Street is a 7-unit multifamily located in the heart of the Hoover Foster District conveniently located to restaurants, shopping, freeways, and Oakland Airport. Quick freeway access to San Francisco and a few minutes from Emeryville. It's a 10-minute drive to Uptown Oakland and with BART access; a perfectly situated location with an 87 Walk Score and a 93 Biker score. 624 31st Street consists of one studio, three 1 bed/1 bath units, and three 2 bed/1 bath units with detached garage space...624 31st Street is a 7-unit multifamily located in the heart of the Hoover Foster District conveniently located to restaurants, shopping, freeways, and Oakland Airport. Quick freeway access to San Francisco and a few minutes from Emeryville. It's a 10-minute drive to Uptown Oakland and with BART access; a perfectly situated location with an 87 Walk Score and a 93 Biker score. 624 31st Street consists of one studio, three 1 bed/1 bath units, and three 2 bed/1 bath units with detached garage space along with additional storage units. Units offer charming hardwood floors, beam ceilings, and abundant natural lighting. Kitchens contain gas stovetops and quartz countertops. The location and size of the units offer strong appeal to both young professionals and families.
  1. Listed by Justin Wong • DRE #01974254 • SVN/Pacific Commercial Advisors
  2. Listed by Kevin Chin • DRE #00696127 • SVN/Pacific Commercial Advisors

Property Details for 624 31st Street

City
OAKLAND
Building Type
Apt Complex
Property Sub Type
Apt Complex
Garage Spaces
0
Garage/Parking
Attached Garage, Parking Area
View
Other
Total # Parking Spaces
3

Location

Listing Courtesy of SVN/Pacific Commercial Advisors, Justin Wong, DRE #01974254; SVN/Pacific Commercial Advisors, Kevin Chin, DRE #00696127

Sold By Keller Williams Realty, Stephen Pagones, DRE #01760998

Add your commute
LISTING UPDATED: 11/05/2020 04:52 PM

Property Details for 624 31st Street

StatusSold
MLS #40881235
Days on Compass299
Taxes$21,851 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1918
CountyAlameda County

Location

Listing Courtesy of SVN/Pacific Commercial Advisors, Justin Wong, DRE #01974254; SVN/Pacific Commercial Advisors, Kevin Chin, DRE #00696127

Sold By Keller Williams Realty, Stephen Pagones, DRE #01760998

Add your commute

Building Information for 624 31st Street

Building/Complex624 31st StFloor-Stories-Residences7Pet Policy-Year Built1918Building Size-

Payment Calculator

$9,925 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,104

Property Taxes

$1,821

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 624 31st Street

Features
Feature Details
  • Flooring: Hardwood Floors
  • Laundry: 220 Volt Outlet, Coin Operated, Dryer, In Laundry Room, Washer
  • Disability Features: Other
Room Details
  • Rooms Total: 9
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: None
  • Heating: No Heat
  • Water/Sewer: Sewer System - Private
  • Energy Saving Feature: None
Lot / Property Details
Home Owners Association
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Dryer, Washer, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Corner
  • Lot Sq Ft Apx: 4000
  • Lot Size Square Feet: 4000.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 4854
  • Stories: 2.0
  • Year Built: 1918
Location Details
  • Directions to Property: 31st and MLK
  • FIPS Code: 06001
  • Census Tract: No
  • Parcel Number: 9-715-24
  • Printed Neighborhood Rpt: Yes
  • Board ID: QUATTRO San Francisco
Multi Family Information
General Details
  • All Units Have: Microwave, Oven Range Free Standing, Refrigerator
  • Some Units Have: Updated Baths, Updated Kitchen
  • Units Total: 7
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Owner
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, License/Ads, Maintenance/Repair, Property Tax/Assessments, Trash Removal, Utilities, Vacancy Factor, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 0
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 0
  • Unit # 1 Rent: 1490
Unit 2
  • Unit 2 # Units This Type?: 3
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Rent: 2100
Unit 3
  • Unit 3 # Units This Type?: 3
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Rent: 2300
Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • Inspection Reports Available: Pest, Roof
  • On Site Parking Description: Attached Garage, Parking Area
  • Tot Ann Oper Exp: 38510.0
  • Type of Building: Apt Complex
  • Total Deposits: 6998
Income / Expense Details
  • Annual Exp Year: 13548
  • Annual Gross Sched Income: $157,141
  • Annual Insurance Expense: $1,726
  • Annual License Expense: $680
  • Annual Maint Expense: $1,780
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $1,200
  • Annual Rent Income: $162,036
  • Annual Taxes: $21,851
  • Annual Util Expense: $9,362
  • Annual Vacancy: 4861.0
  • Gross Income: $157,141
  • Gross Operating Actual Income: $157,141
  • Gross Rent Multiplier: 9.87
  • Net Operating Income: $118,663
  • Other Annual Expense: $3,111
Other Financial Information
  • Cap Rate: 7.42
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 624 31st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 624 31st Street

Taxable ValueLand$473,382Additions$1,071,505Total$1,544,887
Tax Record2023$27,149 ($2,262 / month)
Home Facts
Total Finished SqFt4,854 SqFtAbove Grade Finished SqFt4,854 SqFtStories2Lot Size4,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1918CountyALAMEDAAPN9-715-24

Schools near 624 31st Street

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
Hoover 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 SVN/Pacific Commercial Advisors, Justin Wong, DRE #01974254; SVN/Pacific Commercial Advisors, Kevin Chin, DRE #00696127

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.