848 Erie Street

Oakland, CA 94610

$1,200,000
Last Sold Price
Beds
3,629 Sq. Ft.
$331 / Sq. Ft.
3,629
Sq. Ft.
$331
per Sq. Ft.

Description

NAI Northern California is pleased to present 848 Erie Street, a charming 4-unit multifamily property offering large spacious 1 bed/1 baths unit mix each at 800 sqft. Located in the heart of the Grand-Lakeshore neighborhood this property shows off its beautiful aged charm matched with today's desired modern upgrades. Continuously maintained and upgraded this property offers brand new driveway, upgraded units, new water heaters, and much more. Each tenant has access to their own private parking garage...NAI Northern California is pleased to present 848 Erie Street, a charming 4-unit multifamily property offering large spacious 1 bed/1 baths unit mix each at 800 sqft. Located in the heart of the Grand-Lakeshore neighborhood this property shows off its beautiful aged charm matched with today's desired modern upgrades. Continuously maintained and upgraded this property offers brand new driveway, upgraded units, new water heaters, and much more. Each tenant has access to their own private parking garage as well as their own private backdoor entrance to each unit. The private backdoor feature is a great plus during times of social distancing, and creating privacy. In addition, the property offers a significant value-add component allowing the new owner impressive upside potential upon unit turnover. This is truly a rare opportunity to purchase a trophy asset in an A+ location.
  1. Listed by Matthew Rulloda • DRE #02043118 • NAI Northern California

Property Details for 848 Erie Street

City
OAKLAND
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage Spaces
0
Garage/Parking
Garage, Spaces per Unit - 1
View
Downtown, Hills, Lake
Park Spaces Total
4
Total # Parking Spaces
4

Location

Listing Courtesy of NAI Northern California, Matthew Rulloda, DRE #02043118

Sold By Compass, Lisa Blackwell, DRE #01981018

Add your commute
LISTING UPDATED: 03/27/2023 11:42 AM

Property Details for 848 Erie Street

StatusSold
MLS #40915598
Days on Compass25
Taxes$18,544 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1924
Lot Size0.11 AC / 5,000 SF
CountyAlameda County

Location

Listing Courtesy of NAI Northern California, Matthew Rulloda, DRE #02043118

Sold By Compass, Lisa Blackwell, DRE #01981018

Add your commute

Building Information for 848 Erie Street

Stories-Residences4Year Built1924Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$8,094 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$1,545

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 848 Erie Street

Features
Feature Details
  • Flooring: Hardwood Floors, Tile, Vinyl
  • Laundry: Other
  • Disability Features: Other
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: Other
  • Heating: Wall Furnace
  • Water/Sewer: Water - Public
  • Energy Saving Feature: None
  • Solar: None
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Other
  • Lot Sq Ft Apx: 5000
  • Lot Size Square Feet: 5000.0
  • Roof: Unknown
  • Sq Ft Apx: 3629
  • Stories: 0.0
  • Yard Description: No Yard
  • Year Built: 1924
  • Acres: 0.11
Location Details
  • Directions to Property: Off Lakeshore Ave
  • FIPS Code: 06001
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Other
  • Other Units: Other
  • Some Units Have: Updated Baths, Updated Kitchen
  • Units Total: 4
  • Basement: Other
  • Parking Description: Garage Facing Rear, Garage Parking, Space Per Unit - 1
  • Separate Meters: Electric, Gas, Water
  • Existing Lease Terms: Month to Month
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Owner, Property Manager
Income / Expense Details
  • Annual Expense Year: 24144
  • Annual Taxes $: $18,544
  • Annual Gross Fee Income: $65,160
  • Annual Gross Sched Income: $65,160
  • Annual Miscellaneous Income: $0
  • Annual Rental Income: $65,160
  • Gross Oper Income (Act): $65,160
  • Net Operating Income: $39,836
  • Annual Insurance Expense: $1,633
  • Annual License Expense: $272
  • Annual Maintance Expense: $1,600
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $3,967
  • Annual Utility Expense: $0
  • Annual Vacancy Expense: $1,303
  • Operating Expenses: Garbage Collection
  • Other Annual Expense: $1,600
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Other
  • Total Deposits: 0
Income / Expense Details
  • Gross Rent Multiplier: $0
Other Financial Information
  • Cap Rate: 0.0
Additional Information
Additional Information
  • Fireplace: No

Property History for 848 Erie 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 848 Erie Street

Taxable ValueLand$374,544Additions$873,936Total$1,248,480
Tax Record2023$20,839 ($1,737 / month)
Home Facts
Total Finished SqFt3,629 SqFtAbove Grade Finished SqFt3,629 SqFtStories2Lot Size5,000 SqFtStyleQuadraplexYear Built1924CountyALAMEDAAPN11-839-19

Schools near 848 Erie 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
Public - 9 to 12
Rating
School
Distance
Cleveland Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Street Academy (Alternative)
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, Matthew Rulloda, DRE #02043118

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.