15 days on rocket

Sale Pending

1106 4th Ave, Oakland, CA, 94606

$925,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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1106 4th Ave, Oakland$925,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1912
HeatingOther
CoolingOther
MLS #41059511
Lot Size0.09 Acres
StatusSale Pending
(Pending)

About 1106 4th Ave

1106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property provides great cash flow day 1 even with rents 41% below market. This provides investors room to grow rents to a pro forma cap rate of 11.30% or a 6.3 GRM. The thriving Oakland community experiences a growing demand for quality housing, positioning this property as a valuable assets in a market poised for expansion. Seize the moment at 1106 4th Ave and elevate your investment portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1912

Listing Office:

  • Office Name: Compass
  • Office Phone: (415) 929-7100
  • Listing Agent: Ken Wu

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Metwest High School, Public District Grades 9-12
  • Oakland High School, Public District Grades 9-12
  • Westlake Middle School, Public District Grades 6-8
  • La Escuelita Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: 1699 Van Ness Ave Cross Street: E 11th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $925,000

Tax Information:

  • Annual Amount: $13,419
  • 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

1106 4th Ave vs Oakland

15 DAYS ON ROCKET

-11 Days

$925,000

+$53.9K More

KEY TAKEAWAY

This property is $53.9K more than the Median Sold Price in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41059511

Listing Office:

  • Office Name: Compass
  • Office Phone: (415) 929-7100
  • Listing Agent: Ken Wu

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 7:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 06, 2013Home Sold
$640,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,419$724,663
2020$13,418$717,236
2019$12,260$703,177
2018$11,609$689,392
2017$11,609$675,875

History based on county public records data.

Payment Calculator

$4,684

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,840

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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.

Elementary School

school-card-donut-4348537
4
/10

  • La Escuelita Elementary School

  • 1100 3rd Ave

  • 0.05 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4348538
2
/10

  • Westlake Middle School

  • 2629 Harrison St

  • 1.37 miles

  • Public District Grades 6-8

High School

school-card-donut-4348539
5
/10

  • Metwest High School

  • 1100 3rd Ave

  • 0.05 miles

  • Public District Grades 9-12

school-card-donut-4348540
4
/10

  • Oakland High School

  • 1023 Macarthur Blvd

  • 1.24 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 $22,542. Residents of Oakland, CA typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1106 4th Ave

What is the listing price of this property?

The listing price of 1106 4th Ave property is $925,000.

What type of property is this?

The property 1106 4th Ave is a house located in Oakland, California, 94606.

Is this property for sale now?

Sale Pending: 1106 4th Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1106 4th Ave are:
La Escuelita Elementary School: GreatSchools Rating 4/10
Westlake Middle School: GreatSchools Rating 2/10
Metwest High School: GreatSchools Rating 5/10
Oakland High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $13,419 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 6, 2013 for $640,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1106 4th Ave is 1912.

Rocket Homes›California›Alameda County›Oakland›94606›1106 4th Ave

This home is located at 1106 4th Ave in Oakland, CA and zip code 94606 in the East Peralta neighborhood. This home, which was built in 1912, sits on a 0.09 acre lot. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $925,000.

Over 143 listings were sold over their listed price in April 2024 in Oakland, CA. In the same period over 30 listings were sold below the listed price and 22 listings were sold for the listed price. The number of homes for sale in Oakland, CA increased by 22.9% between March 2024 and April 2024. The median list price of listings available in April 2024 was $871,010, while the average time on the real estate market was 26 days.

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

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