Beautifully maintained vintage 1920s 4plx w/strong cash flow on border of Oakland's Mosswood/Temescal districts. Unit mix consists of (4) 1bd/1ba units. All 4 apartments feature spacious layouts, abundant natural light, French doors, eat-in kitchen nooks, & hardwood floors. Access to a spacious garden courtyard w/shared on-site coin-op laundry, makes this low vacancy rate complex highly desirable to tenants. The property boasts 1 vacant unit that can be immediately re-rented at market rate or occupied by an owner-user. Potential for additional income from 2 un-leased off-street parking spaces and various storage sheds. Property has undergone many recent capital improvements such as the installation of Hardie 50-year cement exterior siding in 2018 and a seismic retrofit with permits in 2020. Next owner to explore banked rent increases. *Note: adjacent 4plx located at 3818 Opal St. also available at $1,650,000. Owner prefers to sell together for $3,200,000 but will consider all offers.
Off market
Zestimate®
$1,475,900
3804 Opal St, Oakland, CA 94609
4beds
4baths
2,700sqft
MultiFamily
Built in 1920
-- sqft lot
$1,475,900 Zestimate®
$547/sqft
$2,767 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall, Gas
Cooling
- Central
Features
- Flooring: Hardwood, Linoleum / Vinyl
Interior area
- Structure area source: Public Records
- Total interior livable area: 2,700 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
Features
- Exterior features: Other, Wood, Cement / Concrete
Lot
- Size: 2,413 sqft
- Features: Level, Corner Lot, See Remarks, Regular
Details
- Parcel number: 1298124
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
- Roof: Composition
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Individual Gas Meter, Individual Electric Meter
Community & neighborhood
Security
- Security features: Smoke Detector(s), Carbon Monoxide Detector(s)
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 113580
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- HeatingYN: true
- CoolingYN: true
- Flooring: Hardwood, Linoleum
- Heating: Natural Gas, Wall Furnace
- NumberOfUnitsTotal: 4
- TenantPays: Cable TV, Gas, Electric
- LeaseTerm: 12 Months, Other
- ConstructionMaterials: Wood Siding, Fiber Cement
- LotFeatures: Level, Corner Lot, See Remarks, Regular
- SpecialListingConditions: Standard
- MaintenanceExpense: 4000
- CommunityFeatures: Other
- ExteriorFeatures: Other
- ParkingFeatures: Other, On Street, See Remarks
- SecurityFeatures: Smoke Detector(s), Carbon Monoxide Detector(s)
- Roof: Composition Shingles
- BuildingAreaSource: Public Records
- OtherExpense: 0
- Cooling: No Air Conditioning
- InsuranceExpense: 2150
- Utilities: Individual Gas Meter, Individual Electric Meter
- CoListAgentFullName: THOMAS GARABEDIAN CONE
- MlsStatus: Pending
- ListPriceLow: 1550000
- TaxAnnualAmount: 23074
- GrossScheduledIncome: 117780
- OperatingExpense: 44312
- ProfessionalManagementExpense: 8244
- TotalActualRent: 113580
- VacancyAllowance: 2355
- NetOperatingIncome: 80701
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Estimated market value
$1,475,900