748 Clara Street

Oakland, CA 94603

$949,000
Price
Beds
3,442 Sq. Ft.
$276 / Sq. Ft.
3,442
Sq. Ft.
$276
per Sq. Ft.

Description

CASH COW with passive Income, which can be increased by $1000 / month legally and immediately. Tenants are long term , hard working Families, Stabilized income is a haul mark feature of the Property. Located in a GOOD neighborhood and CLOSE to FREEWAYS. New exterior Paint. Additional 5th Unit is Built by previous owner and permits are unknown with 3 Beds and 2 Baths. So its a Fifer- five unit property. Property Manager lives in one of the units and is a Licensed Contractor, takes care of the Maintenance...CASH COW with passive Income, which can be increased by $1000 / month legally and immediately. Tenants are long term , hard working Families, Stabilized income is a haul mark feature of the Property. Located in a GOOD neighborhood and CLOSE to FREEWAYS. New exterior Paint. Additional 5th Unit is Built by previous owner and permits are unknown with 3 Beds and 2 Baths. So its a Fifer- five unit property. Property Manager lives in one of the units and is a Licensed Contractor, takes care of the Maintenance of the Property too. And communicates in Spanish with all the tenants all their mother tongue being Spanish . Very matured and hard working Families who pays in time and well behaved too. New owner if they want , can retain the current Property Manager and easily can manage remotely, which is like a Dream come True for busy people. At a fraction of the per square feet price with the Stabilized Income, this property has inbuilt value with average commute times of 35-45 minutes from Bay Area/ Silicon Valley. Send offers , subject to inspection , contingency. Offers as they come. Please DO NOT Disturb Tenants.
  1. Listed by Sri Gopireddy • DRE #01321671 • Brokerage DRE #01321671 • Channel Real Estate Inc • 408-393-4722
  2. Listed by Durga Prasad Bhethanabotla • DRE #01989390 • Brokerage DRE #01321671 • Channel Real Estate Inc

Property Details for 748 Clara Street

MLS City Name
OAKLAND
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
5
Cross Street
98TH
LISTING UPDATED: 01/16/2025 03:10 PM

Property Details for 748 Clara Street

StatusActive
MLS #ML81983710
Days on Compass112
Taxes$16,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1964
Lot Size0.14 AC / 6,250 SF
CountyAlameda County

Building Information for 748 Clara Street

Stories2Residences4Year Built1964Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 748 Clara Street

Features
External Links
Features
  • Communications: None
  • Energy Features: Other
  • Fireplace: No
  • Flooring: Laminate, Vinyl / Linoleum, Other
  • Living SqFt: 3442
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: Central Forced Air - Gas
  • Heating: Forced Air
  • Meters: Separate Other
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Oakland Zip Code 94603
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 748
  • Street Name: Clara
  • Street Suffix: Street
  • Area ID: 2603
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3442
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 044-5012-001-01
  • County Name: Alameda
  • City Name: OAKLAND
  • City Postal ID: 131
  • Postal Code: 94603
  • Elementary School: 27156
  • Elementary School District: 1686
  • Middle School Text: Madison Middle
  • High School District Text: Oakland Unified
  • High School Text: Coliseum College Prep Academy
Lot Information
  • Foundation: Pillars / Posts / Piers
  • Horse Property: No
  • Lot Acres: .14
  • 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: 5
General Information
  • Annual Tax Amount: $16,000
  • Building Unit Total: 4
  • Capitalization Rate: 4.59
  • Tenant Expenses: Miscellaneous/Other
  • Income Includes: Lease
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $1,200
  • Expense Landscape: $2,000
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $10,400
  • Expenses Other: $300
  • Expenses Utility: $7,800
  • Expenses Total: $39,700
  • Operating Expenses Include: Insurance, Maintenance - Capital Improvements, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 10.83
  • Income Annual Gross: $83,220
  • Income Annual Rental: $87,600
  • Income Gross Scheduled: $87,600
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $2,200
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,500
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,150
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $1,650

Property History for 748 Clara Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 748 Clara Street

Taxable ValueLand$208,900Additions$487,435Total$696,335
Tax Record2024$25,243 ($2,104 / month)
Home Facts
Total Finished SqFt3,442 SqFtAbove Grade Finished SqFt3,442 SqFtStories2Lot Size6,250 SqFtStyleQuadraplexYear Built1964Year Renovated1965CountyALAMEDAAPN44-5012-1-1

Schools near 748 Clara Street

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

Madison Park Academy 6-12
Public6 to 12

Castlemont High
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.

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748 Clara Street is a multi-family home for sale in Oakland, CA 94603. This property was listed for sale on October 14, 2024 by Channel Real Estate Inc, it's currently listed at $949,000. It has been on the market for a total of 112 days and was last sold on June 13, 2016. This listing's school district is Oakland Unified School District. Nearby schools include Brookfield Elementary School, Madison Park Academy 6-12 and Castlemont High. 748 Clara Street is a 0-bed, 0-bath, 3,442 sqft multi-family home built in 1964.

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 Channel Real Estate Inc, Sri Gopireddy, DRE #01321671; Channel Real Estate Inc, Durga Prasad Bhethanabotla, DRE #01989390

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.