1106 4th Avenue

Oakland, CA 94606

$900,000
Last Sold Price
Beds
5,563 Sq. Ft.
$162 / Sq. Ft.
5,563
Sq. Ft.
$162
per Sq. Ft.

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...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.

Listing Agents

  1. Ken Wu

    Ken Wu

    Listing Agent

    Compass

    DRE #02131550

    ken.wu@compass.com

    P: (408)-666-2585

  2. Willem Bos

    Willem Bos

    Alternative Listing Agent

    Compass

    DRE #02013980

    willem.m.bos@compass.com

    P: (916)-698-9954

Property Details for 1106 4th Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Total # Parking Spaces
0
LISTING UPDATED: 07/08/2024 02:05 PM

Property Details for 1106 4th Avenue

StatusSold
MLS #41059511
Days on Compass14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1912
Lot Size0.09 AC / 4,000 SF
CountyAlameda County
Buyer's Agent Compensation2%

Building Information for 1106 4th Avenue

Stories-Residences6Year Built1912Building Size-Lot Size0.09 AC / 4,000 SF

Property Information for 1106 4th Avenue

Features
Feature Details
  • Flooring: Carpet, Vinyl
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Water - Public
Lot / Property Details
Property Details
  • Additional Equipment: Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Dual Pane Windows, Vinyl Siding
  • Lot Description: Corner
  • Lot Sq Ft Apx: 4000
  • Lot Size Square Feet: 4000.0
  • Roof: Bitumen
  • Sq Ft Apx: 5563
  • Year Built: 1912
Location Details
  • Directions to Property: 1699 Van Ness Ave
  • FIPS Code: 06001
  • Census Tract: N
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 6
  • Basement: Other
  • Separate Meters: Electric, Gas, Water
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Owner
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Vacant
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Rent: 2100
Unit 2
  • Unit 2 # Units This Type?: 1
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Rent: 2195
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Rent: 1574
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 # of Bedrooms: 1
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Rent: 983
Unit 5
  • Unit 5 # Units This Type?: 1
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Rent: 898
Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • On Site Parking Description: On Street
Income / Expense Details
  • Gross Income: $103,776
  • Gross Rent Multiplier: 8.9
  • Net Operating Income: $62,492
Other Financial Information
  • Cap Rate: 6.76%
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1106 4th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1106 4th Avenue

Taxable ValueLand$225,753Additions$543,258Total$769,011
Tax Record2023$15,584 ($1,299 / month)
Home Facts
Total Finished SqFt5,563 SqFtAbove Grade Finished SqFt5,563 SqFtStories2Lot Size4,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1912CountyALAMEDAAPN19-30-14

Schools near 1106 4th Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
La Escuelita Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland High School
Public9 to 12

Metwest High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Ken Wu, DRE #02131550; COMPASS, Willem Bos, DRE #02013980

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.