2303 Ivy Dr

Oakland, CA 94606

$1,587,150
Last Sold Price
Beds
Baths
7,171 Sq. Ft.
$221 / Sq. Ft.
7,171
Sq. Ft.
$221
per Sq. Ft.

Description

This is a 6.3 CAP rate, and only 10.9 Gross Rent Multiplier! Amazing, very well maintained classis 1940 style 5 unit building. Owner has spent over $435,000 in updates and improvements since 2018! Good upside in tenant turnover. All units are in great condition and all tenants have always paid rent!This is a 6.3 CAP rate, and only 10.9 Gross Rent Multiplier! Amazing, very well maintained classis 1940 style 5 unit building. Owner has spent over $435,000 in updates and improvements since 2018! Good upside in tenant turnover. All units are in great condition and all tenants have always paid rent!
  1. Listed by John Caronna • DRE #1898437 • Coldwell Banker

Property Details for 2303 Ivy Drive

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Total # Parking Spaces
8
LISTING UPDATED: 09/01/2023 10:33 AM

Property Details for 2303 Ivy Drive

StatusSold
MLS #41034690
Days on Compass9
Taxes$21,450 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1949
Lot Size0.11 AC / 5,000 SF
CountyAlameda County

Location

Listing Courtesy of Coldwell Banker, John Caronna, DRE #1898437

Sold By Red Oak Realty, Sara Garabedian, DRE #00931842

Add your commute

Building Information for 2303 Ivy Drive

Stories-Residences5Year Built1949Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$10,103 per month

30 year fixed, 6.845% Interest

Principal and Interest

$8,316

Property Taxes

$1,788

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2303 Ivy Drive

Features
Feature Details
  • Flooring: Hardwood Floors
  • Laundry: Inside Unit, Washer/Dryer Hookups
Room Details
  • Additional Rooms: Basement - Storage Area, Basement - Unfinished
Utility Details
  • Cooling: None
  • Heating: Forced Air 2 Zns or More
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Property Details
  • Additional Equipment: All Public Utilities, Cable Available, Carbon Mon Detector, Double Strapped Water Htr, Individual Electric Meter, Individual Gas Meter, Internet Available, Smoke Detector, Washer, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Down Slope
  • Lot Sq Ft Apx: 5000
  • Lot Size Square Feet: 5000.0
  • Roof: Unknown
  • Sq Ft Apx: 7171
  • Year Built: 1949
Location Details
  • Directions to Property: Park Blvd to Ivy Drive
  • FIPS Code: 06001
  • Census Tract: Arbor
  • Parcel Number: 2233813
  • Printed Neighborhood Rpt: Yes
  • Board ID: CONTRA COSTA
Multi Family Information
General Details
  • Units Total: 5
  • Basement: Storage Area, Unfinished
  • Tenant Pays: Cable TV, Electric, Gas, Parking
  • Financial Data Source: Owner
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 4
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: Yes
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 0
  • Unit # 1 Approx SqFt: 950
  • Unit # 1 Rent: 2230
Unit 2
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Dining Room: Yes
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 3
  • Unit # 2 # of Bathrooms: 2
  • Unit # 2 Parking Spaces: 2
  • Unit # 2 Approx SqFt: 1100
  • Unit # 2 Rent: 2615
Unit 3
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Dining Room: Yes
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 2
  • Unit # 3 Approx SqFt: 950
  • Unit # 3 Rent: 2468
Unit 4
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Dining Room: Yes
  • Unit # 4 Air Cond: No
  • Unit # 4 Fireplace: No
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 2
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Parking Spaces: 2
  • Unit # 4 Approx SqFt: 950
  • Unit # 4 Rent: 1515
Unit 5
  • Unit # 5 Occupied By: Vacant
  • Unit # 5 Dining Room: Yes
  • Unit # 5 Air Cond: No
  • Unit # 5 Fireplace: No
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 2
  • Unit # 5 Approx SqFt: 950
  • Unit # 5 Rent: 3100
Building Details
  • Additional Features-Misc: Balcony/Patio
  • Apx Lot Acres: 0
  • On Site Parking Description: Garage Parking
  • Tot Ann Oper Exp: 45220.0
  • Total Deposits: 2850
Income / Expense Details
  • Annual Insurance Expense: $9,000
  • Annual License Expense: $550
  • Annual Maint Expense: $3,600
  • Annual Misc Income: $2,880
  • Annual Rent Income: $143,136
  • Annual Taxes: $21,450
  • Annual Util Expense: $700
  • Annual Vacancy: 2920.0
  • Gross Income: $146,016
  • Gross Operating Actual Income: $146,016
  • Gross Rent Multiplier: 10.9
  • Other Annual Expense: $7,000
Other Financial Information
  • Cap Rate: 6.3
  • Existing Loan: Fixed
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 2303 Ivy Drive

DateEvent & SourcePriceAppreciation
Aug 30, 2023

Sold

EBRD #41034690

$1,587,150
Aug 30, 2023

Sold

MLSListings #CC41034690

$1,587,150
Aug 30, 2023

Sold

CRMLS #41034690

$1,587,150
Aug 28, 2023

Sold (Public Record)

Public Record #1518520090

$1,587,500
Aug 9, 2023

Pending

CRMLS #41034690

Aug 9, 2023

Pending

MLSListings #CC41034690

Aug 9, 2023

Pending

EBRD #41034690

Jul 31, 2023

Listed (Active)

MLSListings #CC41034690

$1,598,000
Jul 31, 2023

Listed (Active)

CRMLS #41034690

$1,598,000
Jul 31, 2023

Listed (Active)

EBRD #41034690

$1,598,000
Jul 7, 1993

Sold

MLSListings #EB21400406

$400,000
May 4, 1993

Pending

MLSListings #EB21400406

Mar 1, 1993

Listed (Active)

MLSListings #EB21400406

$430,000
DateEvent & SourcePrice
08/30/2023

Sold

EBRD #41034690

$1,587,150
08/30/2023

Sold

MLSListings #CC41034690

$1,587,150
08/30/2023

Sold

CRMLS #41034690

$1,587,150
08/28/2023

Sold (Public Record)

Public Record #1518520090

$1,587,500
08/09/2023

Pending

CRMLS #41034690

08/09/2023

Pending

MLSListings #CC41034690

08/09/2023

Pending

EBRD #41034690

07/31/2023

Listed (Active)

MLSListings #CC41034690

$1,598,000
07/31/2023

Listed (Active)

CRMLS #41034690

$1,598,000
07/31/2023

Listed (Active)

EBRD #41034690

$1,598,000
07/07/1993

Sold

MLSListings #EB21400406

$400,000
05/04/1993

Pending

MLSListings #EB21400406

03/01/1993

Listed (Active)

MLSListings #EB21400406

$430,000

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

Public Records for 2303 Ivy Drive

Taxable ValueLand$477,000Additions$1,107,600Total$1,584,600
Tax Record2024$24,652 ($2,054 / month)
Home Facts
Total Finished SqFt7,171 SqFtAbove Grade Finished SqFt7,171 SqFtStories3Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1949CountyALAMEDAAPN22-338-13

Schools near 2303 Ivy Drive

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
Charter - 9 to 12
Rating
School
Distance
Bella Vista Elementary School
PublicK to 5

Edna Brewer Middle School
Public6 to 8

Oakland High School
Public9 to 12

AIMS College Prep High
Charter9 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.

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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 Coldwell Banker, John Caronna, DRE #1898437

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.