987 Vermont Street

Oakland, CA 94610

$1,449,000
Price
8
Beds
4
Baths
3,324 Sq. Ft.
$436 / Sq. Ft.
3,324
Sq. Ft.
$436
per Sq. Ft.

Description

Beautiful Classic Fourplex, walking distance to Grand Ave. Top neighborhood in Grand Lake area, with great mix of single family homes and small apartment buildings. Very desirable neighborhood, that will continue to get top rents in all of Oakland. Residents can walk to Grand Ave, Ace Hardware Store, Safeway, and some of the best restaurants in all of Oakland! Previous owner spent approx $150k on foundation improvements. Each unit has classic charm: hardwood floors, many closets, views, and lots...Beautiful Classic Fourplex, walking distance to Grand Ave. Top neighborhood in Grand Lake area, with great mix of single family homes and small apartment buildings. Very desirable neighborhood, that will continue to get top rents in all of Oakland. Residents can walk to Grand Ave, Ace Hardware Store, Safeway, and some of the best restaurants in all of Oakland! Previous owner spent approx $150k on foundation improvements. Each unit has classic charm: hardwood floors, many closets, views, and lots of privacy. Back yard has multiple fruit trees Over $9k in gross rent per month At Market rents: $11,200 per month
  1. Listed by John Caronna • DRE #01898437 • Coldwell Banker

Property Details for 987 Vermont Street

City
OAKLAND
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Parking Area
Park Spaces Total
4
Total # Parking Spaces
4
LISTING UPDATED: 09/20/2024 01:23 PM

Property Details for 987 Vermont Street

StatusActive
MLS #41072512
Days on Compass103
Taxes$19,100 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1923
Lot Size0.17 AC / 7,306 SF
CountyAlameda County

Building Information for 987 Vermont Street

Stories-Residences4Year Built1923Building Size-Lot Size0.17 AC / 7,306 SF

Property Information for 987 Vermont Street

Features
Feature Details
  • Flooring: Hardwood Floors
Room Details
  • Additional Rooms: Basement - Separate Entry
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Forced Air 1 Zone
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Property Details
  • Additional Equipment: Water Heater Gas, Carbon Mon Detector, Double Strapped Water Htr, Smoke Detector, All Public Utilities, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Regular
  • Lot Sq Ft Apx: 7306
  • Lot Size Square Feet: 7306.0
  • Roof: Unknown
  • Sq Ft Apx: 3324
  • Yard Description: Back Yard, Front Yard, Landscape Front
  • Year Built: 1923
  • Acres: 0.16
Location Details
  • Elementary School District: Oakland (510) 879-8111
  • Directions to Property: Grand Ave to Weldon
  • FIPS Code: 06001
  • Parcel Number: 11852102
  • Printed Neighborhood Rpt: Yes
  • Board ID: CONTRA COSTA
Multi Family Information
General Details
  • Units Total: 4
  • Basement: Separate Entry
  • Parking Description: Parking Area
  • Existing Lease Terms: Month to Month
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Estimated, Owner
Income / Expense Details
  • Annual Expense Year: 28835
  • Annual Taxes $: $19,100
  • Annual Gross Fee Income: $108,567
  • Annual Rental Income: $108,567
  • Net Operating Income: $77,765
  • Annual Insurance Expense: $3,000
  • Annual License Expense: $1,500
  • Annual Maintance Expense: $2,000
  • Annual Vacancy Expense: $0
Unit 1 Details
  • Unit #/Address - 1: unit 1
  • Occupied By 1: Tenant
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 2
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Apx Sq Ft 1: 815
  • Rent 1: 2350
Unit 2 Details
  • Unit #/Address - 2: Unit 2
  • Occupied By 2: Tenant
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 2
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Apx Sq Ft 2: 815
  • Rent 2: 2450
Unit 3 Details
  • Unit #/Address - 3: unit 3
  • Occupied By 3: Tenant
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 2
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Apx Sq Ft 3: 815
  • Rent 3: 2500
Unit 4 Details
  • Unit #/Address - 4: unit 4
  • Occupied By 4: Tenant
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 2
  • Bathrooms 4: 1
  • Parking Spaces 4: 1
  • Apx Sq Ft 4: 815
  • Rent 4: 1747
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Garden, Formal Entry
  • Total Deposits: 8000
Additional Information
Additional Information
  • Fireplace: No
  • Elementary School District: Oakland (510) 879-8111
  • High School District: Oakland (510) 879-8111

Property History for 987 Vermont 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 987 Vermont Street

Taxable ValueLand$379,396Additions$887,222Total$1,266,618
Tax Record2024$19,878 ($1,656 / month)
Home Facts
Total Finished SqFt3,324 SqFtAbove Grade Finished SqFt3,324 SqFtStories2Lot Size7,306 SqFtStyleQuadraplexYear Built1923CountyALAMEDAAPN11-852-10-2

Schools near 987 Vermont Street

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

Westlake Middle School
Public6 to 8

Oakland Technical 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.

Similar Homes

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987 Vermont Street is a multi-family home for sale in Oakland, CA 94610. This property was listed for sale on September 9, 2024 by Coldwell Banker, it's currently listed at $1,449,000. It has been on the market for a total of 103 days and was last sold on March 31, 2015. This listing's school district is Oakland Unified School District. Nearby schools include Cleveland Elementary School, Westlake Middle School and Oakland Technical High School. 987 Vermont Street is a 8-bed, 4-bath, 3,324 sqft multi-family home built in 1923.

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 #01898437

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.