633 Clara Street
633 Clara Street
$810,000
8
4
3,234
3,234
$250
Sold 9/8/21
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.
- Listed by Eric Keena • DRE #02077388 • BHHS Drysdale Properties
Property Details for 633 Clara Street
City
OAKLAND
Building TypeFOURPLEX
Property Sub TypeFOURPLEX
Garage/ParkingSpaces per Unit - 1
Park Spaces Total4
Location
LISTING UPDATED: 09/10/2021 02:32 PM
Property Details for 633 Clara Street
Status | Sold |
---|---|
MLS # | 40932895 |
Days on Compass | 104 |
Taxes | $13,753 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Fourplex |
Year Built | 1963 |
Lot Size | 0.15 AC / 6,640 SF |
County | Alameda County |
Location
Building Information for 633 Clara Street
Stories-Residences4Year Built1963Building Size-Lot Size0.15 AC / 6,640 SF
Payment Calculator
$5,567 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 633 Clara Street
Property History for 633 Clara Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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