338 Portland Ave

Oakland, CA 94606

$2,065,000
Last Sold Price
Beds
Baths
6,386 Sq. Ft.
$323 / Sq. Ft.
6,386
Sq. Ft.
$323
per Sq. Ft.

Description

336-340 Portland located in the highly desirable neighbrohood of Cleveland Heights in Oakland, nearby Lake Merrit and Trestle Glen. Offering 12 studio apartments, the units are spacious with lots of natural light. Each unit includes one deeded parking spot in the garage and communal coin operated laundry. The building is in great condition and almost completely occupied, with one studio apartment currently available. This property a short walk to the beautiful Lake Merrit that features farmers markets,...336-340 Portland located in the highly desirable neighbrohood of Cleveland Heights in Oakland, nearby Lake Merrit and Trestle Glen. Offering 12 studio apartments, the units are spacious with lots of natural light. Each unit includes one deeded parking spot in the garage and communal coin operated laundry. The building is in great condition and almost completely occupied, with one studio apartment currently available. This property a short walk to the beautiful Lake Merrit that features farmers markets, outdoor activities, and many trendy shops and restaurants. Convenient location to Bart and nearby I 280/101 for a quick commute to anywhere in the Bay. Dont miss out on this great opportunity for a pure investor or owner/operator!
  1. Listed by OWN Real Estate • DRE #70010079 • Brokerage DRE #01906450 • KW Advisors • 650-849-8600
  2. Listed by Hessam Shirmohammadi • DRE #02091606 • Brokerage DRE #01906450 • KW Advisors

Property Details for 338 Portland Avenue

MLS City Name
OAKLAND
Building Type
Other
Garage Spaces
8
Parking Spaces
0
Cross Street
Athol Ave & Park
LISTING UPDATED: 01/26/2024 04:05 PM

Property Details for 338 Portland Avenue

StatusSold
MLS #ML81937106
Days on Compass80
Taxes$19,897 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1998
Lot Size0.11 AC / 5,000 SF
CountyAlameda County

Location

Listing Courtesy of KW Advisors, OWN Real Estate, DRE #70010079; KW Advisors, Hessam Shirmohammadi, DRE #02091606

Sold By Out of Area Office, RECIP, DRE #02064884

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Building Information for 338 Portland Avenue

Stories-Residences-Year Built1998Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$12,477 per month

30 year fixed, 6.845% Interest

Principal and Interest

$10,819

Property Taxes

$1,658

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 338 Portland Avenue

Features
External Links
Room Information
  • Kitchen: Countertop - Laminate, Oven Range - Gas, Refrigerator
Features
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 6386
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage, Off-Site Parking, On Street, Other
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 12
  • Area Text: Oakland Zip Code 94606
  • Restrictions: Pets - Cats Permitted, Pets - Restrictions
  • Roof: Other
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 338
  • Street Name: Portland
  • Street Suffix: Avenue
  • Area ID: 2606
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 6386
  • Structure SqFt Source: Assessor
  • Age: 25
Development Information
  • Ownership Type: Individual
  • Zoning Detail: RH-1
Location Information
  • Parcel Number: 022-0313-020
  • County Name: Alameda
  • City Name: OAKLAND
  • City Postal ID: 131
  • Postal Code: 94606
  • Elementary School District: 966
  • High School District Text: Alameda City Unified
Lot Information
  • Foundation: Raised, Other
  • Lot Acres: .11
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 11
General Information
  • Annual Tax Amount: $19,897
  • Capitalization Rate: 2.74
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Coin Operated Equip, Laundry
  • Vacancy Factor: 9
Income / Expense Details
  • Expense Insurance: $22,546
  • Expense Landscape: $2,960
  • Expense Maintenance: $36,437
  • Expense Management: $15,509
  • Expense Trash: $14,934
  • Expenses Other: $3,700
  • Expenses Utility: $8,654
  • Expenses Total: $124,637
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Laundry, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Janitor, Services - Trash Removal, Utilities - Water, Other
  • Gross Rent Multiplier: 11.31
  • Income Annual Gross: $189,036
  • Income Annual Rental: $207,232
  • Income Gross Scheduled: $207,732
  • Income Other: $500
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Rent: $824
Unit Type 1
  • Unit Type1 Approx SqFt: 530

Property History for 338 Portland Avenue

DateEvent & SourcePriceAppreciation
Jan 18, 2024

Sold

EBRD #ML81937106

$2,065,000
Jan 18, 2024

Sold

MLSListings #ML81937106

$2,065,000
Nov 16, 2023

Sold (Public Record)

Public Record #1527394422

$2,065,000

+12.7% / yr

Oct 22, 2023

Pending

MLSListings #ML81937106

Oct 22, 2023

Pending

EBRD #ML81937106

Oct 22, 2023

Contingent - Show

MLSListings #ML81937106

Sep 8, 2023

Price Change

EBRD #ML81937106

$2,350,000
Sep 8, 2023

Price Change

MLSListings #ML81937106

$2,350,000
Aug 3, 2023

Listed (Active)

MLSListings #ML81937106

$2,450,000
Aug 3, 2023

Listed (Active)

EBRD #ML81937106

$2,450,000
Jul 22, 1998

Sold (Public Record)

Public Record #27372452

$100,000
DateEvent & SourcePrice
01/18/2024

Sold

EBRD #ML81937106

$2,065,000
01/18/2024

Sold

MLSListings #ML81937106

$2,065,000
11/16/2023

Sold (Public Record)

Public Record #1527394422

$2,065,000

+12.7% / yr

10/22/2023

Pending

MLSListings #ML81937106

10/22/2023

Pending

EBRD #ML81937106

10/22/2023

Contingent - Show

MLSListings #ML81937106

09/08/2023

Price Change

EBRD #ML81937106

$2,350,000
09/08/2023

Price Change

MLSListings #ML81937106

$2,350,000
08/03/2023

Listed (Active)

MLSListings #ML81937106

$2,450,000
08/03/2023

Listed (Active)

EBRD #ML81937106

$2,450,000
07/22/1998

Sold (Public Record)

Public Record #27372452

$100,000

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

Public Records for 338 Portland Avenue

Taxable ValueLand$230,533Additions$570,847Total$801,380
Tax Record2024$19,950 ($1,662 / month)
Home Facts
Total Finished SqFt6,386 SqFtAbove Grade Finished SqFt6,386 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1927CountyALAMEDAAPN22-313-20

Schools near 338 Portland 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
Charter - 9 to 12
Rating
School
Distance
Cleveland 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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Listing Courtesy of KW Advisors, OWN Real Estate, DRE #70010079; KW Advisors, Hessam Shirmohammadi, DRE #02091606

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.