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1106 4th Ave, Oakland, CA 94606
$925,000 Sale Pending
1106 4th Ave, Oakland, CA 94606View this property at 1106 4th Ave, Oakland, CA 94606
1106 4th AveOaklandCA94606
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Property Description
1106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property provides great cash flow day 1 even with rents 41% below market. This provides investors room to grow rents to a pro forma cap rate of 11.30% or a 6.3 GRM. The thriving Oakland community experiences a growing demand for quality housing, positioning this property as a valuable assets in a market poised for expansion. Seize the moment at 1106 4th Ave and elevate your investment portfolio.
Full Property Details
Full Property Details for 1106 4th Ave
General
- Price: $925,000
- Status: Pending
- Type: Commercial Residential Facility
- MLS ID: 41059511
- Updated: 5/28/2024
- Added to Site: 18 day(s) ago
Interior
- Interior Features: Storage
- Flooring: Vinyl, Carpet
Parking
- Parking Features: On Street
Location
- Area: Listing
- County: Alameda
- Driving Directions: 1699 Van Ness Ave
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Utilities
- Water: Public
- Utility Description: Individual Electric Meter, Individual Gas Meter
Structural Information
- Exterior Const.: Vinyl Siding
- Roof: Bitumen
- Year Built: 1912
Lot Features
- Lot Size (Acres): 0.09
- Lot Dimensions: 4000
- Lot Features: Corner Lot
- Lot Description: Corner Lot
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $166
- Terms: Price As Is
Listed by Compass, Ken Wu and Compass, Willem Bos
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Schools
Schools serving 1106 4th Ave
School District:Oakland Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1050 2nd Ave, Oakland, CA 94606 | K-5 | 0.1 mi | |
2629 Harrison St, Oakland, CA 94612 | 6-8 | 1.4 mi | |
1023 Macarthur Blvd, Oakland, CA 94610 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1106 4th Ave
Date
Details
Price
Change
Source
5/13/2024
Listed
$925,000
44.53%
MLS
3/01/2013
Sold
$640,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1106 4th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,584
5%
$753,933
2%
2022
$14,783
9%
$739,155
2%
2021
$13,544
1%
$724,663
1%
2020
$13,419
7%
$720,266
2%
2019
$12,531
2%
$703,177
2%
2018
$12,260
6%
$689,392
2%
2017
$11,609
3%
$675,875
2%
2016
$11,274
1%
$662,626
2%
2015
$11,207
-4%
$652,676
2%
2014
$11,716
290%
$639,891
1328%
2013
$3,002
—
$44,798
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1106 4th Ave
1106 4th Ave, Oakland, CA 94606 (MLS# 41059511) is a Commercial Residential Facility property. 1106 4th Ave is currently listed for $925,000 and was received on May 13, 2024. Want to learn more about 1106 4th Ave? Do you have questions about finding other Commercial Residential Facility real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.