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1450 4th Avenue Oakland, CA 94606

3 Beds 2 Baths 2,004 sqft Built 1914

INVESTimate

$950,000

List Price

$3,870

$3,620 - $4,120

Rent Est.

$1,088,035  ( +14.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1914
  • Price/Sqft : $474.05
  • 4 Days on Market
  • MLS # : EB40917996
  • Updated Date : 08/24/2020 at 13:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,004 sqft
  • Baths : 1 full , 1 half
Listing Agent

Real Estate Ebroker, Inc.

Listing Agent's Description

Just blocks away from Lake Merritt, BART and Chinatown, this beautiful and stately 1914 Edwardian awaits your vision and creativity. The cozy front porch is set back from the street, welcoming you into the home with original period detail: crown molding, wainscoting, coved ceilings and lustrous douglas fir floors. A few of the wonderful features include a formal living room with a stained glass window, a large dining room with box beam ceilings and built-ins, a large kitchen with an adjacent sun porch, and three large bedrooms upstairs. A rare find, this home has a walk score of 94, two driveways that can fit up to 4-5 vehicles plus a garage, and a large backyard that is a blank slate ready for a garden to grow your own produce or a paradise for your pet. Friendly neighbors with a sense of community, a walker's paradise and minutes drive from highway access makes this home the perfect home. Per conversation with Oakland Zoning, a 2nd unit can be built on property. Buyer to verify.

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PRICE & RENT TRENDS

Neighborhood: East Peralta

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $206k1031k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: East Peralta

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21200140016001800200022002400260028003000320034003600Rent in $11643706

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chabot Elementary School Primary Regular 573 22 10
Hillcrest Elementary School Middle Regular 359 15 10
Oakland High School High Regular 1,515 67 5

Chabot Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 22
10
GreatSchools Rating

Hillcrest Elementary School

  • Education Level: Middle
  • # of students: 359
  • # of teachers: 15
10
GreatSchools Rating

Oakland High School

  • Education Level: High
  • # of students: 1,515
  • # of teachers: 67
5
GreatSchools Rating
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$3,505
Property Tax -$1,046
Property Insurance -$75
Property Management Fees -$190
CASH FLOW
-$946

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$950,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 14.53%
Maintenance Year (1-5) 8.00%
Vacancy 4.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$14,506

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,756

    COMP ESTIMATED VALUE
  • $2.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,9953$4,9954$5,275
$5,275
RENT COMPS ANALYSIS
  • 1450 4th Avenue Oakland, 1
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1914 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1914
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1425 Myrtle Oakland, 2
    • 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 1908 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 1908
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.88
    •  
  • 1048 Annerley Rd Oakland, 3
    • 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930 4 beds 3 baths ∙ 1,781 Sqft ∙ Built 1930
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $2.80
    •  
  • 296 Jayne Avenue Oakland, 4
    • 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1911 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1911
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,275
    • $2.44
    •  
PROPERTY LISTING DETAILS
Alvin Shiu
Real Estate Ebroker, Inc.
BESbswy