Dogtown

Oakland, CA 94608

$2,150,000
Last Sold Price
Beds
4,280 Sq. Ft.
$502 / Sq. Ft.
4,280
Sq. Ft.
$502
per Sq. Ft.

Description

14-unit multifamily property located in Oakland on the Emeryville border. The property consists of 14 studio apartments, greatly increasing the price/SF rental yield and lowering maintenance and utility expenses. The building sits above eight covered parking spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers updated units with on-site laundry and tenant storage lockers. In addition, the property offers a significant value-add component,...14-unit multifamily property located in Oakland on the Emeryville border. The property consists of 14 studio apartments, greatly increasing the price/SF rental yield and lowering maintenance and utility expenses. The building sits above eight covered parking spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers updated units with on-site laundry and tenant storage lockers. In addition, the property offers a significant value-add component, allowing the new owner impressive upside potential upon unit turnover. Located in Oakland's Clawson neighborhood just two blocks from Emeryville. Situated near the Bay Bridge Shopping Center, the property gives tenants the convenience of Target, Starbucks Coffee, Ikea, Best Buy, and much more all within walking distance. Tenants may also indulge in the best of Bay Street's restaurants and activities including the AMC Bay Street Movie Theater, Barnes and Noble, PF Changs.
  1. Listed by TIMOTHY WARREN • DRE #02008347 • NAI Northern California

Property Details for Dogtown

City
OAKLAND
Building Type
Lowrise (1-3 Flrs)
Property Sub Type
Lowrise (1-3 Flrs)
Total # Parking Spaces
12

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: 05/26/2021 08:10 PM

Property Details for Dogtown

StatusSold
MLS #40922728
Days on Compass180
Taxes$32,782 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1964
Lot Size0.10 AC / 4,554 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 Dogtown

Stories-Residences14Year Built1964Building Size-Lot Size0.10 AC / 4,554 SF

Payment Calculator

$14,465 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$2,732

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Dogtown

Features
Feature Details
  • Flooring: Laminate, Tile
  • Disability Features: Other
Utility Details
  • Cooling: None
  • Heating: See Remarks
  • Water/Sewer: Sewer System - Public, Water District
  • Energy Saving Feature: None
Lot / Property Details
Property Details
  • Additional Equipment: Individual Electric Meter, Individual Gas Meter, None, Security Gate
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Corner
  • Lot Sq Ft Apx: 4554
  • Lot Size Square Feet: 4554.0
  • Roof: Unknown
  • Sq Ft Apx: 4280
  • Year Built: 1964
Location Details
  • Directions to Property: 32nd St to Adeline
  • FIPS Code: 06001
  • Census Tract: Unknown
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Deck, Patio, Refrigerator
  • Some Units Have: Deck, Refrigerator, Updated Baths, Updated Kitchen
  • Units Total: 14
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Estimated
Income / Expense Details
  • Operating Expenses: Other
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Balcony/Patio, Extra Storage, Security Building
  • Apx Lot Acres: 0
  • Inspection Reports Available: Other
  • On Site Parking Description: Covered Parking
  • Tot Ann Oper Exp: 74494.0
  • Total Deposits: 14000
Income / Expense Details
  • Annual Exp Year: 74494
  • Annual Gross Sched Income: $231,012
  • Annual Insurance Expense: $2,140
  • Annual License Expense: $1,359
  • Annual Maint Expense: $5,600
  • Annual Mgmt Expense: $8,618
  • Annual Misc Income: $0
  • Annual Rent Income: $231,012
  • Annual Taxes: $32,782
  • Annual Util Expense: $15,050
  • Annual Vacancy: 6930.0
  • Gross Income: $231,012
  • Gross Operating Actual Income: $231,012
  • Gross Rent Multiplier: 10.37
  • Net Operating Income: $149,587
  • Other Annual Expense: $0
Other Financial Information
  • Cap Rate: 6.25
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for Dogtown

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for Dogtown

Taxable ValueLand$728,280Additions$1,502,753Total$2,231,033
Tax Record2023$41,536 ($3,461 / month)
Home Facts
Total Finished SqFt4,280 SqFtAbove Grade Finished SqFt4,280 SqFtStories3Lot Size4,554 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyALAMEDAAPN5-473-22

Schools near Dogtown

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

West Oakland 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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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.