9 days on rocket

1608 Myrtle St, Oakland, CA, 94607

$995,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
0 Baths
3,970 SqFt
$251/SqFt
Multi
Schools Nearby

Location

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1608 Myrtle St, Oakland$995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingCarport, On Street, Open, See Remarks
MLS #424027185
Lot Size0.11 Acres
StatusActive

About 1608 Myrtle St

Welcome to an outstanding investment opportunity: a lucrative 6-unit property consisting of two structures, strategically situated in the Oak Center neighborhood of West Oakland. Positioned on a corner lot, this property boasts impressive performance with a CAP rate exceeding 8.5%. Each unit is equipped with individual PG&E meters, offering convenience and efficiency for both landlord and tenants. Noteworthy is the exemption from soft-story retrofit requirements and the sewer lateral compliance in accordance with the City of Oakland's regulations.

Property Details

Property Features

Property Information:

  • Stories: 0
  • Living Area: 3,970 SqFt

Listing Office:

  • Office Name: Avenue 8 Inc.
  • Office Phone: (415) 322-9096
  • Listing Agent: Marco Barretto

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Carport, On Street, Open, See Remarks

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.11 Acres

School Info

Assigned Schools Information:

  • McClymonds High School, Public District Grades 9-12
  • West Oakland Middle School, Public District Grades 6-8

Price Information

Listing Price Info

Price Summary:

  • List Price: $995,000
  • Price Per SqFt: $251/SqFt

Tax Information:

  • Annual Amount: $7,281
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Oakland, CA.

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Oakland, CA

City

Med. Sold Price

$871K

Med. Price/SqFt

$608

Avg. Days On Market

26

# of Sold Homes

211

1608 Myrtle St vs Oakland

9 DAYS ON ROCKET

-17 Days

$995,000

+$123.9K More

$251/SqFt

-$357 Less

KEY TAKEAWAY

This property is $123.9K more than the Median Sold Price and $357/SqFt less than other homes in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: San Francisco Association of REALTORS®
  • MLS Number: #424027185

Listing Office:

  • Office Name: Avenue 8 Inc.
  • Office Phone: (415) 322-9096
  • Listing Agent: Marco Barretto

IDXListings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
© 2024 San Francisco Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2024, 10:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,281$281,756
2020$7,281$278,868
2019$6,382$273,401
2018$5,912$268,041
2017$5,912$262,786

History based on county public records data.

Payment Calculator

$5,034

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,050

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-6199780
3
/10

  • West Oakland Middle School

  • 991 14th St

  • 0.15 miles

  • Public District Grades 6-8

High School

school-card-donut-6199781
2
/10

  • McClymonds High School

  • 2607 Myrtle St

  • 0.59 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,097. Typical income of Oakland, CA residents is less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Alameda County›Oakland›94607›1608 Myrtle St

This home is located at 1608 Myrtle St in Oakland, CA and zip code 94607 in the Oak Center neighborhood. This 3,970 square foot home sits on a 0.11 acre lot. Features: 10 bedrooms. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $995,000.

Oakland, CA housing market in April 2024 saw over 143 listings sold above listed price, more than 22 sold at listed price and over 30 sold below. The number of homes for sale in Oakland, CA increased by 22.9% between March 2024 and April 2024. Listings spent 26 days on the market in April 2024, and had a median list price of $871,010 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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