956 Apgar Street

Oakland, CA 94608

$925,000
Last Sold Price
4
Beds
4
Baths
2,538 Sq. Ft.
$364 / Sq. Ft.
2,538
Sq. Ft.
$364
per Sq. Ft.

Description

This 4 unit Multi-Family property is ideal for investors seeking substantial returns. Currently generating actual CAP rate pf 6% with pro forma CAP at 6.5%. With its prime location in Longfellow Neighborhood of Oakland and impressive income, this property promises to be a lucrative addition to any investment portfolio. 1 Unit to be delivered vacant; ideal for owner occupancy in one while collecting market rate rents on 3 other units. 2 of the 4 units have been completely remodeled with new kithchen,...This 4 unit Multi-Family property is ideal for investors seeking substantial returns. Currently generating actual CAP rate pf 6% with pro forma CAP at 6.5%. With its prime location in Longfellow Neighborhood of Oakland and impressive income, this property promises to be a lucrative addition to any investment portfolio. 1 Unit to be delivered vacant; ideal for owner occupancy in one while collecting market rate rents on 3 other units. 2 of the 4 units have been completely remodeled with new kithchen, remodeled bathrooms, new dual paned windows, and luxury vinyl plank flooring throughout. Exterior is newly painted. New concrete wallway and drlveway and low maintainance front landscaping. Each unit is separately metered for gas and electric utilities makes for lower operating cost for owner. 4 spacious 1 bedroom/1bath units. Large lot with at least 7 off street parking spaces. The backyard has potential for placement of an ADU for additional rental income potential. Property will offer investor potential tax savings as it is located in Opportunity Zone.
  1. Listed by Steven Wang • DRE #01368485 • CA Golden Properties

Property Details for 956 Apgar Street

City
OAKLAND
Dist Neighborhood Subdiv
LONGFELLOW
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Off-Street Parking
Park Spaces Total
7
Total # Parking Spaces
7

Location

Listing Courtesy of CA Golden Properties, Steven Wang, DRE #01368485

Sold By Better Homes Realty, Tina Harris, DRE #02052351

Add your commute
LISTING UPDATED: 02/07/2024 02:00 AM

Property Details for 956 Apgar Street

StatusSold
MLS #41046623
Days on Compass4
Taxes$16,826 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1940
Lot Size0.13 AC / 5,861 SF
CountyAlameda County

Location

Listing Courtesy of CA Golden Properties, Steven Wang, DRE #01368485

Sold By Better Homes Realty, Tina Harris, DRE #02052351

Add your commute

Virtual Tour

Building Information for 956 Apgar Street

Stories-Residences4Year Built1940Building Size-Lot Size0.13 AC / 5,861 SF

Payment Calculator

$6,450 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$1,402

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 956 Apgar Street

Features
Feature Details
  • Flooring: Carpet, Laminate, Linoleum, Tile
  • Laundry: No Hookups
  • Disability Features: Other
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Baseboard, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
  • Solar: None
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Water Heater Gas, Window Coverings, Smoke Detector
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Level, Regular, Front Yard
  • Lot Sq Ft Apx: 5861
  • Lot Size Square Feet: 5861.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 2538
  • Yard Description: Back Yard, Fenced, Front Yard
  • Year Built: 1940
  • Acres: 0.14
Location Details
  • Elementary School District: Oakland (510) 879-8111
  • Directions to Property: Market St>Apgar
  • FIPS Code: 06001
  • Parcel Number: 12-955-57
  • Printed Neighborhood Rpt: Yes
  • Board ID: BAY EAST
Multi Family Information
General Details
  • All Units Have: Disposal
  • Some Units Have: Updated Baths, Updated Kitchen
  • Units Total: 4
  • Basement: None
  • Parking Description: Off Street Parking
  • Separate Meters: Electric, Gas
  • Existing Lease Terms: Month to Month, Security Deposit, Written Agreement, Year Lease
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Estimated
Income / Expense Details
  • Annual Expense Year: 2023
  • Annual Taxes $: $16,826
  • Annual Gross Sched Income: $85,188
  • Annual Rental Income: $85,188
  • Net Operating Income: $85,188
  • Annual Insurance Expense: $3,500
  • Annual License Expense: $1,200
  • Annual Maintance Expense: $3,000
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $29,926
  • Annual Utility Expense: $8,400
  • Operating Expenses: Garbage Collection, Insurance, License/Ads, Maintenance/Repair, Trash Removal, Utilities, Water
Unit 1 Details
  • Unit #/Address - 1: Unit 1
  • Occupied By 1: Vacant
  • Dining Room 1: Yes
  • Air Cond 1: No
  • Fireplace 1: No
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 1
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Apx Sq Ft 1: 650
  • Rent 1: 1995
Unit 2 Details
  • Unit #/Address - 2: Unit 2
  • Occupied By 2: Tenant
  • Dining Room 2: Yes
  • Air Cond 2: No
  • Fireplace 2: No
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Apx Sq Ft 2: 525
  • Rent 2: 1830
Unit 3 Details
  • Unit #/Address - 3: Unit 3
  • Occupied By 3: Tenant
  • Dining Room 3: Yes
  • Air Cond 3: No
  • Fireplace 3: No
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 1
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Apx Sq Ft 3: 650
  • Rent 3: 1530
Unit 4 Details
  • Unit #/Address - 4: Unit 4
  • Occupied By 4: Tenant
  • Dining Room 4: Yes
  • Air Cond 4: No
  • Fireplace 4: No
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 1
  • Bathrooms 4: 1
  • Parking Spaces 4: 1
  • Apx Sq Ft 4: 525
  • Rent 4: 1744
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Garden, Other
  • Total Deposits: 2500
Additional Information
Additional Information
  • Fireplace: No
  • Elementary School District: Oakland (510) 879-8111
  • High School District: Oakland (510) 879-8111

Property History for 956 Apgar 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 956 Apgar Street

Taxable ValueLand$210,196Additions$490,457Total$700,653
Tax Record2023$15,778 ($1,315 / month)
Home Facts
Total Finished SqFt2,538 SqFtAbove Grade Finished SqFt2,538 SqFtStories2Lot Size5,861 SqFtStyleQuadraplexYear Built1940CountyALAMEDAAPN12-955-57

Schools near 956 Apgar 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 - 9 to 12
Rating
School
Distance
Emerson Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Mcclymonds High School
Public9 to 12

Oakland Unity 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.

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 CA Golden Properties, Steven Wang, DRE #01368485

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.