633 Clara Street

Oakland, CA 94603

$810,000
Last Sold Price
8
Beds
4
Baths
3,234 Sq. Ft.
$250 / Sq. Ft.
3,234
Sq. Ft.
$250
per Sq. Ft.

Description

633 Clara Street in Oakland presents an excellent opportunity for an investor or owner-occupant to purchase a four-unit apartment building with tremendous upside in future income. Built in 1963, the 3,234 square foot property offers four (4) Two-Bedroom/One-Bath units and sits on an oversized 6,640 square foot lot. New ownership could increase property value with the construction of a ADU unit on the vacant portion of the lot with approval by the city. Maintenance is low and all units are separately...633 Clara Street in Oakland presents an excellent opportunity for an investor or owner-occupant to purchase a four-unit apartment building with tremendous upside in future income. Built in 1963, the 3,234 square foot property offers four (4) Two-Bedroom/One-Bath units and sits on an oversized 6,640 square foot lot. New ownership could increase property value with the construction of a ADU unit on the vacant portion of the lot with approval by the city. Maintenance is low and all units are separately metered for PG&E providing lower annual expenses. The property is currently 100% occupied and all tenants are paying full rent. Unit 3 has been totally renovated. Unit 4-new kitchen and bathroom in 2020. New roof in 2017. Ability to capture 35% upside in rent upon unit turnover and renovation. Individually metered electric and gas meters reduce overall operating expenses and recent renovations/capital improvements will mitigate operating expenses and future costs to the new owner.
  1. Listed by Eric Keena • DRE #02077388 • BHHS Drysdale Properties

Property Details for 633 Clara Street

City
OAKLAND
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Spaces per Unit - 1
Park Spaces Total
4

Location

Listing Courtesy of BHHS Drysdale Properties, Eric Keena, DRE #02077388

Sold By Simple Real Estate, Konstantin Safris, DRE #01958291

Add your commute
LISTING UPDATED: 09/10/2021 02:32 PM

Property Details for 633 Clara Street

StatusSold
MLS #40932895
Days on Compass104
Taxes$13,753 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1963
Lot Size0.15 AC / 6,640 SF
CountyAlameda County

Location

Listing Courtesy of BHHS Drysdale Properties, Eric Keena, DRE #02077388

Sold By Simple Real Estate, Konstantin Safris, DRE #01958291

Add your commute

Building Information for 633 Clara Street

Stories-Residences4Year Built1963Building Size-Lot Size0.15 AC / 6,640 SF

Payment Calculator

$5,567 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,421

Property Taxes

$1,146

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 633 Clara Street

Features
Feature Details
  • Flooring: None
  • Laundry: None
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Wall Furnace
  • Water/Sewer: None
Lot / Property Details
Home Owners Association
  • HOA Amenities: Playground
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: None
  • Lot Description: None
  • Lot Sq Ft Apx: 6640
  • Lot Size Square Feet: 6640.0
  • Roof: Shingle
  • Sq Ft Apx: 3234
  • Yard Description: Back Yard, Fenced
  • Year Built: 1963
  • Acres: 0.15
Location Details
  • Directions to Property: I-880, L on 98th Ave, L on Edes Ave, R on Clara
  • FIPS Code: 06001
  • Parcel Number: 44-5015-6
  • Printed Neighborhood Rpt: No
  • Board ID: BAY EAST
Multi Family Information
General Details
  • Units Total: 4
  • Basement: None
  • Parking Description: Space Per Unit - 1
  • Existing Lease Terms: Month to Month, Security Deposit, Year Lease
  • Tenant Pays: Electric, Gas, Other
  • Financial Data Source: None
Income / Expense Details
  • Annual Expense Year: 25212
  • Annual Taxes $: $13,753
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $61,062
  • Annual Miscellaneous Income: $1,560
  • Annual Rental Income: $59,502
  • Gross Oper Income (Act): $59,841
  • Net Operating Income: $34,629
  • Annual Insurance Expense: $1,304
  • Annual License Expense: $852
  • Annual Maintance Expense: $1,600
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $25,212
  • Annual Utility Expense: $6,240
  • Annual Vacancy Expense: $1,221
  • Other Annual Expense: $1,404
Unit 1 Details
  • Unit #/Address - 1: 1
  • Occupied By 1: Tenant
  • Bedrooms 1: 2
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Rent 1: 961.27
Unit 2 Details
  • Unit #/Address - 2: 2
  • Occupied By 2: Tenant
  • Bedrooms 2: 2
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Rent 2: 961.27
Unit 3 Details
  • Unit #/Address - 3: 3
  • Occupied By 3: Tenant
  • Bedrooms 3: 2
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Rent 3: 1950
Unit 4 Details
  • Unit #/Address - 4: 4
  • Occupied By 4: Tenant
  • Bedrooms 4: 2
  • Bathrooms 4: 1
  • Parking Spaces 4: 1
  • Rent 4: 1086
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Play Area
  • Total Deposits: 0
Additional Information
Additional Information
  • Fireplace: No

Property History for 633 Clara 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 633 Clara Street

Taxable ValueLand$247,860Additions$578,340Total$826,200
Tax Record2023$15,121 ($1,260 / month)
Home Facts
Total Finished SqFt3,234 SqFtAbove Grade Finished SqFt3,234 SqFtStories2Lot Size6,640 SqFtStyleQuadraplexYear Built1964CountyALAMEDAAPN44-5015-6

Schools near 633 Clara Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Brookfield Elementary School
PublicK to 5

Madison Park Academy 6-12
Public6 to 12

Castlemont High
Public9 to 12

Lighthouse Community 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

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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 BHHS Drysdale Properties, Eric Keena, DRE #02077388

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.