700 29th Street

Oakland, CA 94609

$1,120,000
Last Sold Price
Beds
3,800 Sq. Ft.
$295 / Sq. Ft.
3,800
Sq. Ft.
$295
per Sq. Ft.

Description

We are pleased to present 700-708 29th Street. Located in a thriving West Oakland location, this 5 unit property offers fresh exterior paint, renovated interiors and energy-efficient vinyl windows. The property consists of three (3) 3 bedroom / 1 bathroom units, and two (2) 2 bedroom / 1 bathroom units. This is a rare opportunity to acquire a well-maintained asset with an excellent in-place return.We are pleased to present 700-708 29th Street. Located in a thriving West Oakland location, this 5 unit property offers fresh exterior paint, renovated interiors and energy-efficient vinyl windows. The property consists of three (3) 3 bedroom / 1 bathroom units, and two (2) 2 bedroom / 1 bathroom units. This is a rare opportunity to acquire a well-maintained asset with an excellent in-place return.
  1. Listed by Timothy Warren • DRE #02008347 • NAI Northern California

Property Details for 700 29th Street

City
OAKLAND
Building Type
Lowrise (1-3 Flrs)
Property Sub Type
Lowrise (1-3 Flrs)
Total # Parking Spaces
0

Location

Listing Courtesy of NAI Northern California, Timothy Warren, DRE #02008347

Sold By NAI Northern California, Timothy Warren, DRE #02008347

Add your commute
LISTING UPDATED: 09/30/2020 01:08 PM

Property Details for 700 29th Street

StatusSold
MLS #40900360
Days on Compass74
Taxes$17,725 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Lowrise (1-3 Flrs)
Year Built1886
Lot Size0.16 AC / 7,000 SF
CountyAlameda County

Location

Listing Courtesy of NAI Northern California, Timothy Warren, DRE #02008347

Sold By NAI Northern California, Timothy Warren, DRE #02008347

Add your commute

Building Information for 700 29th Street

Stories-Residences5Year Built1886Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$7,589 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,112

Property Taxes

$1,477

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 700 29th Street

Features
Feature Details
  • Flooring: Linoleum, Carpet
Utility Details
  • Cooling: None
  • Heating: Forced Air 1 Zone
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: DSL/Modem Line, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco & Stone
  • Lot Description: Regular
  • Lot Sq Ft Apx: 7000
  • Lot Size Square Feet: 7000.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3800
  • Year Built: 1886
Location Details
  • Directions to Property: 29th and MLK
  • FIPS Code: 06001
  • Census Tract: 4014
  • Parcel Number: 9-696-11
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Dishwasher, Disposal, Updated Baths, Updated Kitchen, Refrigerator
  • Units Total: 5
  • Basement: None
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Multi Family 5+ Information
Unit 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 3
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Approx SqFt: 800
  • Unit # 1 Rent: 2000
Unit 2
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 3
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Approx SqFt: 800
  • Unit # 2 Rent: 1800
Unit 3
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 # of Bedrooms: 3
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Approx SqFt: 800
  • Unit # 3 Rent: 2100
Unit 4
  • Unit # 4 Occupied By: Vacant
  • Unit # 4 # of Bedrooms: 2
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Approx SqFt: 700
  • Unit # 4 Rent: 2100
Unit 5
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Approx SqFt: 700
  • Unit # 5 Rent: 1850
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • On Site Parking Description: No Parking on Site
  • Tot Ann Oper Exp: 11470.0
  • Total Deposits: 8000
Income / Expense Details
  • Annual Exp Year: 33275
  • Annual Gross Sched Income: $119,400
  • Annual Insurance Expense: $1,900
  • Annual License Expense: $1,615
  • Annual Maint Expense: $3,000
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $9,850
  • Annual Taxes: $17,725
  • Annual Util Expense: $5,100
  • Annual Vacancy: 3582.0
  • Gross Income: $119,400
  • Gross Operating Actual Income: $115,818
  • Gross Rent Multiplier: 10.85
  • Net Operating Income: $82,543
  • Other Annual Expense: $505
Other Financial Information
  • Cap Rate: 6.37
  • Existing Loan: ARM
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 700 29th 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 700 29th Street

Taxable ValueLand$349,574Additions$815,673Total$1,165,247
Tax Record2023$19,773 ($1,648 / month)
Home Facts
Total Finished SqFt3,054 SqFtAbove Grade Finished SqFt3,054 SqFtStories2Lot Size7,000 SqFtStyleQuadraplexYear Built1886Year Renovated1892CountyALAMEDAAPN9-696-11

Schools near 700 29th 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

Mcclymonds 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 NAI Northern California, 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.