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Off market
  • $1,653,000

    3818 Opal St, Oakland, CA 94609

    6beds
    4baths
    2,608sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $1,653,000 Zestimate®
    $634/sqft
    $2,593 Estimated rent

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    $2,593/mo

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    $2,593/mo

    Rent Zestimate®

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    $10,478/mo

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    $10,478/mo

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    What's special

    Beautifully maintained vintage 1920s 4plx w/strong cash flow on border of Oakland's Mosswood/Temescal districts. Unit mix consists of (2) 2bd/1ba units & (2) 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 owner-user. Potential for additional income from 1 un-leased off-street parking space. This property has undergone many recent capital improvements such as the installation of Hardie 50-year cement exterior siding in 2018 and a seismic retrofit w/permits in 2020. Next owner to explore banked rent increases. *Note: adjacent 4plx located at 3804 Opal St. also available for sale at $1,550,000. Owner prefers to sell together for $3,200,000 but will consider all offers.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Wall, Gas
    Cooling
    • Central
    Appliances
    • Included: Dryer, Washer
    • Laundry: Washer, Dryer, See Remarks, Coin Operated, Community Facility
    Features
    • Flooring: Hardwood, Linoleum / Vinyl
    • Windows: Window Coverings, Screens
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 2,608 sqft

    Property

    Parking
    • Total spaces: 1
    Features
    • Patio & porch: Patio
    • Exterior features: Other, Wood, Cement / Concrete
    Lot
    • Size: 2,870 sqft
    • Features: Level, Regular
    Details
    • Parcel number: 1298125
    • 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, Master Electric Meter, All Public Utilities

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s), Carbon Monoxide Detector(s), Double Strapped Water Heater
    Location
    • Region: Oakland

    HOA & financial

    Other financial information
    • Total actual rent: 123000

    Other

    Other facts
    • Sewer: Public Sewer
    • WaterSource: Public
    • HeatingYN: true
    • CoolingYN: true
    • Flooring: Hardwood, Linoleum
    • Heating: Natural Gas, Wall Furnace
    • PatioAndPorchFeatures: Patio
    • NumberOfUnitsTotal: 4
    • LeaseTerm: 12 Months, Security Deposit
    • ConstructionMaterials: Wood Siding, Fiber Cement, Siding - Other
    • LotFeatures: Level, Regular
    • OperatingExpenseIncludes: Manager, Insurance, Water, Vacancy Allowance, Garbage Collection, Miscellaneous/Other, License/Ads
    • SpecialListingConditions: Standard
    • ParkingFeatures: Street Parking, Off Street, Uncovered Parking Space
    • WindowFeatures: Window Coverings, Screens
    • MaintenanceExpense: 4000
    • CommunityFeatures: Other, Play Area
    • LaundryFeatures: Washer, Dryer, See Remarks, Coin Operated, Community Facility
    • TenantPays: Gas, Electric
    • SecurityFeatures: Smoke Detector(s), Carbon Monoxide Detector(s), Double Strapped Water Heater
    • Appliances: Gas Water Heater
    • OperatingExpense: 46469
    • Roof: Composition Shingles
    • BuildingAreaSource: Public Records
    • OtherExpense: 0
    • Cooling: No Air Conditioning
    • InsuranceExpense: 2150
    • Utilities: Individual Gas Meter, Master Electric Meter, All Public Utilities
    • CoListAgentFullName: THOMAS GARABEDIAN CONE
    • MlsStatus: Pending
    • GrossScheduledIncome: 127200
    • ListPriceLow: 1650000
    • ExteriorFeatures: Low Maintenance
    • TotalActualRent: 123000
    • ProfessionalManagementExpense: 8904
    • TaxAnnualAmount: 24442
    • VacancyAllowance: 2544
    • NetOperatingIncome: 85506
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    Estimated market value
    $1,653,000