740 Alcatraz Avenue

Oakland, CA 94609

$1,190,000
Last Sold Price
Beds
2,413 Sq. Ft.
$493 / Sq. Ft.
2,413
Sq. Ft.
$493
per Sq. Ft.

Description

Motivated Buyer! 740 Alcatraz Ave is an attractive building in desirable North Oakland. The property consists of 5 well-maintained units; 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site laundry and a large storage space in the basement. Given the large lot and garage parking in the back there is ample opportunity for a new investor to add additional units to the lot (buyer to do own...Motivated Buyer! 740 Alcatraz Ave is an attractive building in desirable North Oakland. The property consists of 5 well-maintained units; 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site laundry and a large storage space in the basement. Given the large lot and garage parking in the back there is ample opportunity for a new investor to add additional units to the lot (buyer to do own research). The building is also separately metered for gas & electricity. The location offers easy access to the CA-24 freeway and is within walking distance to Ashby BART. pre escrow opened with Stewart Title

Listing Agent

  1. Willem Bos

    Willem Bos

    Listing Agent

    Compass

    DRE #02013980

Property Details for 740 Alcatraz Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Detached Garage
Total # Parking Spaces
7

Location

Listing Courtesy of COMPASS, Willem Bos, DRE #02013980

Sold By COMPASS, Willem Bos, DRE #02013980

Add your commute
LISTING UPDATED: 12/19/2023 11:23 AM

Property Details for 740 Alcatraz Avenue

StatusSold
MLS #41025985
Days on Compass141
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1910
Lot Size0.14 AC / 6,000 SF
CountyAlameda County

Location

Listing Courtesy of COMPASS, Willem Bos, DRE #02013980

Sold By COMPASS, Willem Bos, DRE #02013980

Add your commute

Building Information for 740 Alcatraz Avenue

Stories-Residences5Year Built1910Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$8,412 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,494

Property Taxes

$1,918

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 740 Alcatraz Avenue

Features
Feature Details
  • Flooring: Hardwood Floors, Other
  • Laundry: Community Facility, Laundry Equip - Owned
Room Details
  • Additional Rooms: Basement - Storage Area, Basement - Unfinished
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Other
Lot / Property Details
Property Details
  • Additional Equipment: Other, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Dual Pane Windows, Stucco
  • Lot Description: Other
  • Lot Sq Ft Apx: 6000
  • Lot Size Square Feet: 6000.0
  • Roof: Unknown
  • Sq Ft Apx: 2413
  • Year Built: 1910
Location Details
  • Directions to Property: off of Shattuck Ave
  • FIPS Code: 06001
  • Census Tract: N
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 5
  • Basement: Separate Entry, Storage Area, Unfinished
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Estimated, Property Manager
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Rent: 2495
Unit 2
  • Unit 2 # Units This Type?: 1
  • Unit # 2 Occupied By: Vacant
  • Unit # 2 # of Bedrooms: 0
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Rent: 1775
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Rent: 2245
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 # of Bedrooms: 0
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Rent: 1014
Unit 5
  • Unit 5 # Units This Type?: 1
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 # of Bedrooms: 0
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Rent: 1052
Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • On Site Parking Description: Detached Garage
  • Tot Ann Oper Exp: 38141.0
Income / Expense Details
  • Gross Income: $102,972
  • Gross Rent Multiplier: 11.5
Other Financial Information
  • Cap Rate: 6.72
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 740 Alcatraz Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 740 Alcatraz Avenue

Taxable ValueLand$464,792Additions$874,904Total$1,339,696
Tax Record2023$23,010 ($1,918 / month)
Home Facts
Total Finished SqFt2,413 SqFtAbove Grade Finished SqFt2,413 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1910Year Renovated1920CountyALAMEDAAPN16-1432-9

Schools near 740 Alcatraz Avenue

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
Peralta Elementary School
PublicK to 5

Claremont Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Aspire Berkley Maynard Academy
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 COMPASS, Willem Bos, DRE #02013980

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.