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1455 1St Ave, Oakland, CA 94606
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1455 1St Ave Oakland, CA 94606

$4,750,000
  • 6 Beds
  • 18 Baths
  • 11,006 Sq.Ft.
For Sale
$4,750,000 Get Pre-Qualified
Map preview of 1455 1St Ave, Oakland, CA 94606

Property Overview: 1455 1St Ave Oakland, CA has 6 bedrooms, 18 bathrooms, 11,006 living square feet and 7,800 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Just around the corner of Lake Merritt is a towering 18 unit complex flanked by two turrets. All units are completely occupied. The building is just finish installing fire alarm systems in every unit and has updated light fixtures, new paint and new flooring throughout the hallways all but two apartments have been completely renovated. Walking distance to the Lake Merritt Lake and Lake Merritt BART Station, local supermarkets, and China Town. Convenient access to the 580 and 880 freeway

Listed by Kao Phouasalit | BRE #01275487 | Coldwell Banker George Realty
Last checked: 13 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 219
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Home details

Lot Sq. Ft
7,800
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
AR23161115
City
Oakland
County
Alameda
Time on Site
240 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: --
  • # of Baths: 1
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: --
  • # of Baths: 1
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1455 1St Ave

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Property Details for 1455 1St Ave

Interior Features
Heating Information
  • Has Heating
  • Fireplace(s)
Laundry Information
  • Common Area, Community, Outside
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Rated Drywall, Fire Sprinkler System, Resident Manager, Security Lights, Smoke Detector(s)
Exterior Features
Exterior Information
  • Has Fence
  • Wood
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre, Back Yard, Level with Street, Irregular Lot, Near Public Transit, Park Nearby, Paved, Walkstreet, Yard
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Total # of Units: 18
  • Parcel Number: 0200129004
  • Year Built Source: Public Records
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Location / Neighborhood
Location Information
  • Directions: 1st Avenue and Lakeshore Avenue
View more facts & features

Local Oakland Agent

Sale History for 1455 1St Ave

Last sold on November 21st, 2013

  • August, 2023

  • Aug 29, 2023

    Date

    Active

    CRMLS: AR23161115

    $4,750,000

    Price

  • July, 2023

  • Jul 4, 2023

    Date

    Expired

    CRMLS: AR22147298

    $4,750,000

    Price

  • Jul 6, 2022

    Date

    Active

    CRMLS: AR22147298

    $4,750,000

    Price

  • Listing provided courtesy of CRMLS

    Just around the corner of Lake Merritt is a towering 18 unit complex flanked by two turrets. All units are completely occupied. The building is in the process of installing fire alarm systems in every unit and has updated light fixtures, paint, and flooring throughout the hallways all but two apartments have been completely renovated. Walking distance to the Lake Merritt Lake and Lake Merritt BART Station, local supermarkets, and China Town. Convenient access to the 580 and 880 freeway.

  • November, 2018

  • Nov 1, 2018

    Date

    Expired

    CRMLS: AR18090510

    $4,600,000

    Price

  • Oct 31, 2018

    Date

    Hold

    CRMLS: AR18090510

    $4,600,000

    Price

  • Sep 18, 2018

    Date

    Active

    CRMLS: AR18090510

    $4,600,000

    Price

  • Sep 14, 2018

    Date

    Price Change

    CRMLS: AR18090510

    $4,600,000

    Price

  • Sep 13, 2018

    Date

    Active Under Contract

    CRMLS: AR18090510

    $4,995,000

    Price

  • Apr 25, 2018

    Date

    Active

    CRMLS: AR18090510

    $4,995,000

    Price

  • Apr 19, 2018

    Date

    Hold

    CRMLS: AR18090510

    $4,995,000

    Price

  • Apr 19, 2018

    Date

    Active

    CRMLS: AR18090510

    $4,995,000

    Price

  • Listing provided courtesy of CRMLS

    HUGE PRICE REDUCTION! Originally constructed in 1912, 1455 1st Avenue is a prime-located, 18-unit apartment building located in the East Lake/ Merritt neighborhood of Oakland. The well-maintained property offers the right investor an opportunity to take a charming building in an A+ location to the next level. The Morakot Apartment's boast a unit mix of six (6) Studios, six (6) Large Studios and six (6) 1 bedroom apartments. The large units feature new carpet and hardwood floors, lots of natural light, and opportunity for higher occupancy levels. The unique unit mix ensures reliable turnover, twelve of the eighteen units have been renovated in the last 12 years.

  • January, 2018

  • Jan 8, 2018

    Date

    Canceled

    CRMLS: AR17212385

    $5,000,000

    Price

  • Sep 14, 2017

    Date

    Active

    CRMLS: AR17212385

    $5,000,000

    Price

  • Listing provided courtesy of CRMLS

    This extremely rare real estate investment in Oakland, Ca. Just one block to Lake Merritt, S/W of Chinatown and Downtown Oakland. 18 great unit mix which includes 6 x one bedroom. One bathroom, 6 x studio & 6 x large studio, pride of ownership, strong renter demographic, stable income. Please see agent remarks for more information.

  • November, 2013

  • Nov 21, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2005

  • Apr 14, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1455 1St Ave

Assessed Value (2020): $1,875,007
Year Land Value Improved Value Assessed Value
2020 $688,208 $1,186,799 $1,875,007

Home Value Compared to the Market

This property vs the competition

1455 1St Ave is listed 631.9% higher than the median list price for the city of Oakland which has a median list price of $649,000. The median price per/sqft for Oakland is $543 and this home is listed at $431.58 per/sqft which puts the price per square foot 20.52% lower than the median price per square foot for the city of Oakland.

About 1455 1St Ave

Detailed summary of property

1455 1St Ave is a multi family located in Oakland, CA 94606 and is currently for sale. This multi family property offers 6 bedrooms, 18 bathrooms, roughly 11,006 living square feet, and sits on an approximately 7,800 square foot lot. 1455 1St Ave was first listed on ArdentRealEstateGroup.com on August 29, 2023. The homeowner is currently asking $4,750,000. The median priced home in Oakland is $649,000 with a median price per square foot of $543. Based on Ardent Real Estate Group's Oakland Market Data, this home is listed 631.9% higher than the median priced home. Local competing homes currently for sale include 1625 Blake Ave, 4924-4928 4924 and 49289 Crenshaw Blvd and 5349 Crenshaw Blvd. While the average home in Oakland, CA is selling in 83 days, 1455 1St Ave has a days on market of 219 days. There are currently 888 homes for sale in the Oakland real estate market and 632 of them are single family homes while 234 of them are condos and 20 are townhomes. For more information on this home for sale at 1455 1St Ave Oakland, CA 94606 contact Ardent Real Estate Group and we will put you in touch with one of our Oakland agents.

Public Facts for 1455 1St Ave

Public county record property details
Beds
6
Baths
18
Year built
1912
Sq. Ft.
11,006
Lot Size
7,800
Stories
3
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Alameda
Lot#
--
APN
20-129-4

The source for these homes facts are from public records.

94606 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,888
Median List Price/Sq.Ft.
$551
Median Sold Price
$810,500
Median Sold Price/Sq.Ft.
$545
Total Inventory
47
Median Sale to List Price %
101.44%
Avg Days on Market
14
Loan Type
Conventional (75%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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Oakland Agent
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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