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1658 34th Ave Oakland, CA 94601

$1,450,000 Sold Price as of 08/30/2019

11 Beds
-- Baths
5,540 Sq.Ft.

Sold

$1,450,000 Sold Price as of 08/30/2019 Refinance Your Mortgage

Map preview of 1658 34th Ave, Oakland, CA 94601

Property Overview: 1658 34th Ave Oakland, CA has 11 bedrooms, -- bathrooms, 5,540 living square feet and 7,920 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE REDUCED $100K. Built in 1989! Exempt from City Rent Adjustment Ordinance! LARGE Townhome Style Units! This four (4) unit property consists of three (3) 3-bed/2-bath 1,545SF units and one (1) 2-bed/1-bath 900SF unit. Constructed in 1989, the property is exempt from the city's rent adjustment ordinance. Rents increase July 1, 2019. Large units and ample parking are sure to keep occupancy rates high. The property is located on the East side of 34th Avenue between E. 17th and E. 18th Street in the heart of Oakland's burgeoning Fruitvale neighborhood. The Fruitvale BART Station is within walking distance, and the I-880 & I-80 Freeways are easy to access by car. Smooth commutes and a vibrant neighborhood scene will continue to drive premium rents from tenants. Fruitvale has also gained positive media attention in recent months as a UCLA study cited it as a model of neighborhood development without gentrification. Income and expenses are proforma.

Listed by Joel Calvillo | BRE #01733780 | NAI Northern California

Last checked: 12 minutes ago | Last updated: June 11th, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft: 7,920
HOA Dues: $0/mo
Year built: 1989
Garage: --
Property Type:: Fourplex

Status: Sold
MLS#: ML81751869
City: Oakland
County: Alameda
Time on Site: 1367 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: --
Total # of Buildings: 1

Unit Breakdown 1

# of Units: --
# of Beds: 3
# of Baths: --
Actual Rent: $3,100
Total Rent: --

Unit Breakdown 2

# of Units: --
# of Beds: 2
# of Baths: --
Actual Rent: $2,600
Total Rent: --

Unit Breakdown 3

# of Units: --
# of Beds: 3
# of Baths: --
Actual Rent: $3,100
Total Rent: --

Unit Breakdown 4

# of Units: --
# of Beds: 3
# of Baths: --
Actual Rent: $3,100
Total Rent: --

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 7.35%
Gross Rent Multiplier: --
Gross Scheduled Income: $142,800
Net Operating Income: --
Gross Operating Income: --
Other Income 1: $0

Annual Expense Breakdown

Total Operating Expense: --
Trash: $2,040
Insurance: $2,138
Maintenance: $2,000
Other Expenses: $0

Property Details for 1658 34th Ave

Interior Features

Cooling Information

No Cooling
None

Exterior Features

Exterior Information

Roof: Other

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Gated

Lot Information

Lot Size Source: Assessor

Property Information

Parcel Number: 0332126019
Year Built Source: Assessor
Accessibility Features: None

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Other
Water Source: Other
Utilities: Other

View more facts & features

Local Oakland Agent

Sale History for 1658 34th Ave

Last sold for $1,450,000 on August 30th, 2019

September, 2019
Sep 6, 2019

Date

Sold

CRMLS: ML81751869

$1,450,000

Price
Jun 24, 2019

Date

Pending

CRMLS: ML81751869

$1,495,000

Price
Jun 12, 2019

Date

Price Change

CRMLS: ML81751869

$1,495,000

Price
May 15, 2019

Date

Active

CRMLS: ML81751869

$1,595,000

Price
August, 2019
Aug 29, 2019

Date

Sold (Public Records)

Public Records

$1,450,000

Price
December, 2018
Dec 5, 2018

Date

Canceled

CRMLS: ML81720321

$1,595,000

Price
Aug 24, 2018

Date

Active

CRMLS: ML81720321

$1,595,000

Price
Listing provided courtesy of CRMLS

No Rent Control! LARGE Units! This four (4) unit property consists of three (3) 3-bed/2-bath 1,545SF units and one (1) 2-bed/1-bath 900SF unit. Constructed in 1989, the property is exempt from the city's rent control ordinance. Rents can be increased end of June 2019. Current rents are +/-35% below market. Large units and ample parking are sure to keep occupancy rates high. The property is located on the East side of 34th Avenue between E. 17th and E. 18th Street in the heart of Oakland's burgeoning Fruitvale neighborhood. The Fruitvale BART Station is well within walking distance, and the I-880 & I-80 Freeways are easy to access by car. Smooth commutes and a vibrant neighborhood scene will continue to drive premium rents from tenants. Fruitvale has also gained positive media attention in recent months as a UCLA study cited it as a model of neighborhood development without gentrification. Income and expenses are proforma. Offering memorandum is available.

Continue Reading
October, 2017
Oct 2, 2017

Date

Sold (Public Records)

Public Records

$1,110,000

Price

Tax History for 1658 34th Ave

Assessed Value (2020): $1,450,000

Year	Land Value	Improved Value	Assessed Value
2020	$435,000	$1,015,000	$1,450,000

Home Value Compared to the Market

This property vs the competition

1658 34th Ave sold on August 30, 2019 for 66.11% higher than the current median sold price for the city of Oakland which is $900,000. The median sold price per/sqft for Oakland is $607 and this home is sold at $269.86 per/sqft which puts the price per square foot 55.54% lower than the current median sale per square foot for the city of Oakland.

About 1658 34th Ave

Detailed summary of property

1658 34th Ave is a fourplex that recently sold in Oakland, CA 94601. This fourplex offered 11 bedrooms, -- bathrooms, roughly 5,540 living square feet, and sits on an approximately 7,920 square foot lot. 1658 34th Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,450,000. Home in Oakland are selling for a median price of $900,000 and a median price per square foot of $607. Based on Ardent Real Estate Group's Oakland Market Data, this home is sold 66.11% higher than the current median priced home. Local homes that are currently for sale include 3501 Keystone Ave, 633 N Vista St and 1451 S Holt Ave. While the average home in Oakland, CA is selling in 86 days, 1658 34th Ave has a days on market of 41 days. There are currently 852 homes for sale in the Oakland real estate market and 597 of them are single family homes while 232 of them are condos and 21 are townhomes. For more information on this home for sale at 1658 34th Ave Oakland, CA 94601 contact Ardent Real Estate Group and we will put you in touch with one of our Oakland agents.

Public Facts for 1658 34th Ave

Public county record property details

Beds: 11
Baths: 7
Year built: 1989
Sq. Ft.: 5,540
Lot Size: 7,920
Stories: 2

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Alameda
Lot#: 1&2
APN: 33-2126-19

The source for these homes facts are from public records.

94601 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$585,000

Median List Price/Sq.Ft.

$484

Median Sold Price

$680,000

Median Sold Price/Sq.Ft.

$556

Total Inventory

Median Sale to List Price %

104.78%

Avg Days on Market

Loan Type

Conventional (55.56%), FHA (11.11%), VA (0%), Cash (22.22%), Other (11.11%)

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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.