670 14th Street

Oakland, CA 94612

$1,050,000
Price
Beds
3,293 Sq. Ft.
$319 / Sq. Ft.
3,293
Sq. Ft.
$319
per Sq. Ft.

Description

Attractive seller financing available. The subject property offers qualified investors an attractive seller financing option at 5% IO, 70% LTV and a 5-year term. 670 14th Ave is a stunning six-unit investment opportunity located in the heart of Uptown located in the thriving city of Oakland, California. Situated on a 4,461 square foot parcel of land, the subject property was originally constructed in 1952 and has a gross building area of approximately 3,293 square feet, offering spacious studio and...Attractive seller financing available. The subject property offers qualified investors an attractive seller financing option at 5% IO, 70% LTV and a 5-year term. 670 14th Ave is a stunning six-unit investment opportunity located in the heart of Uptown located in the thriving city of Oakland, California. Situated on a 4,461 square foot parcel of land, the subject property was originally constructed in 1952 and has a gross building area of approximately 3,293 square feet, offering spacious studio and one-bedroom floor plans. Uptown, situated in the heart of Oakland, is a vibrant neighborhood that blends history with modernity. This area is renowned for its dynamic arts and entertainment scene, featuring a mix of restaurants, bars, and music venues. The neighborhood's historic charm is evident in its architecture and tree-lined streets, while its proximity to cultural attractions like the Fox Theater and the monthly Oakland Art Murmur art walk adds to its allure.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 670 14th Street

MLS City Name
OAKLAND
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Eymon Binesh, DRE #02060059
Add your commute
LISTING UPDATED: 05/21/2024 03:12 PM

Property Details for 670 14th Street

StatusActive
MLS #ML81966565
Days on Compass25
Taxes$19,647 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1952
Lot Size0.10 AC / 4,461 SF
CountyAlameda County

Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Eymon Binesh, DRE #02060059
Add your commute

Building Information for 670 14th Street

Stories-Residences-Year Built1952Building Size-Lot Size0.10 AC / 4,461 SF

Payment Calculator

$7,368 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$1,637

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 670 14th Street

Features
Features
  • Fireplace: No
  • Living SqFt: 3293
  • Pool: No
  • Security Features: Other
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Oakland Zip Code 94612
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 670
  • Street Name: 14th
  • Street Suffix: Street
  • Area ID: 2612
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3293
  • Structure SqFt Source: Assessor
  • Age: 72
Development Information
  • Zoning Detail: CBD-X
Location Information
  • Parcel Number: 003-0073-014
  • County Name: Alameda
  • City Name: OAKLAND
  • City Postal ID: 131
  • Postal Code: 94612
  • Elementary School District: 1686
  • High School District Text: Oakland Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $19,647
  • Capitalization Rate: 4.58
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,964
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $6,664
  • Expenses Other: $5,104
  • Expenses Utility: $4,197
  • Expenses Total: $41,576
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 11.36
  • Income Annual Gross: $89,686
  • Income Annual Rental: $92,460
  • Income Gross Scheduled: $92,460
  • Income Other: $0
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1

Property History for 670 14th 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 670 14th Street

Taxable ValueLand$44,775Additions$82,951Total$127,726
Tax Record2023$6,991 ($583 / month)
Home Facts
Total Finished SqFt3,293 SqFtAbove Grade Finished SqFt3,293 SqFtStories1Lot Size4,461 SqFtStyleMulti-Family Res (5+ Units)Year Built1952CountyALAMEDAAPN3-73-14

Schools near 670 14th 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 - K to 8
Rating
School
Distance
Martin Luther King, Jr. Elementary School
PublicK to 5

West Oakland Middle School
Public6 to 8

Mcclymonds 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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670 14th Street is a multi-family home for sale in Oakland, CA 94612. This property was listed for sale on May 21, 2024 by Marcus & Millichap, it's currently listed at $1,050,000. This listing's school district is Oakland Unified School District. Nearby schools include Martin Luther King, Jr. Elementary School, West Oakland Middle School and Mcclymonds High School. 670 14th Street is a 0-bed, 0-bath, 3,293 sqft multi-family home built in 1952.

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 Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Eymon Binesh, DRE #02060059

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.