Beautifully maintained vintage 1920s 4plx w/strong cash flow on border of Oakland's Mosswood/Temescal districts. Unit mix consists of (2) 2bd/1ba units & (2) 1bd/1ba units. All 4 apartments feature spacious layouts, abundant natural light, French doors, eat-in kitchen nooks, & hardwood floors. Access to a spacious garden courtyard w/shared on-site coin-op laundry, makes this low vacancy rate complex highly desirable to tenants. The property boasts 1 vacant unit that can be immediately re-rented at market rate or occupied by owner-user. Potential for additional income from 1 un-leased off-street parking space. This property has undergone many recent capital improvements such as the installation of Hardie 50-year cement exterior siding in 2018 and a seismic retrofit w/permits in 2020. Next owner to explore banked rent increases. *Note: adjacent 4plx located at 3804 Opal St. also available for sale at $1,550,000. Owner prefers to sell together for $3,200,000 but will consider all offers.
Off market
Zestimate®
$1,653,000
3818 Opal St, Oakland, CA 94609
6beds
4baths
2,608sqft
MultiFamily
Built in 1920
-- sqft lot
$1,653,000 Zestimate®
$634/sqft
$2,593 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Wall, Gas
Cooling
- Central
Appliances
- Included: Dryer, Washer
- Laundry: Washer, Dryer, See Remarks, Coin Operated, Community Facility
Features
- Flooring: Hardwood, Linoleum / Vinyl
- Windows: Window Coverings, Screens
Interior area
- Structure area source: Public Records
- Total interior livable area: 2,608 sqft
Property
Parking
- Total spaces: 1
Features
- Patio & porch: Patio
- Exterior features: Other, Wood, Cement / Concrete
Lot
- Size: 2,870 sqft
- Features: Level, Regular
Details
- Parcel number: 1298125
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
- Roof: Composition
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Individual Gas Meter, Master Electric Meter, All Public Utilities
Community & neighborhood
Security
- Security features: Smoke Detector(s), Carbon Monoxide Detector(s), Double Strapped Water Heater
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 123000
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- HeatingYN: true
- CoolingYN: true
- Flooring: Hardwood, Linoleum
- Heating: Natural Gas, Wall Furnace
- PatioAndPorchFeatures: Patio
- NumberOfUnitsTotal: 4
- LeaseTerm: 12 Months, Security Deposit
- ConstructionMaterials: Wood Siding, Fiber Cement, Siding - Other
- LotFeatures: Level, Regular
- OperatingExpenseIncludes: Manager, Insurance, Water, Vacancy Allowance, Garbage Collection, Miscellaneous/Other, License/Ads
- SpecialListingConditions: Standard
- ParkingFeatures: Street Parking, Off Street, Uncovered Parking Space
- WindowFeatures: Window Coverings, Screens
- MaintenanceExpense: 4000
- CommunityFeatures: Other, Play Area
- LaundryFeatures: Washer, Dryer, See Remarks, Coin Operated, Community Facility
- TenantPays: Gas, Electric
- SecurityFeatures: Smoke Detector(s), Carbon Monoxide Detector(s), Double Strapped Water Heater
- Appliances: Gas Water Heater
- OperatingExpense: 46469
- Roof: Composition Shingles
- BuildingAreaSource: Public Records
- OtherExpense: 0
- Cooling: No Air Conditioning
- InsuranceExpense: 2150
- Utilities: Individual Gas Meter, Master Electric Meter, All Public Utilities
- CoListAgentFullName: THOMAS GARABEDIAN CONE
- MlsStatus: Pending
- GrossScheduledIncome: 127200
- ListPriceLow: 1650000
- ExteriorFeatures: Low Maintenance
- TotalActualRent: 123000
- ProfessionalManagementExpense: 8904
- TaxAnnualAmount: 24442
- VacancyAllowance: 2544
- NetOperatingIncome: 85506
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Estimated market value
$1,653,000