Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2468 Best Ave Oakland, CA 94601

2 Beds 1 Baths 1,293 sqft Built 1927

INVESTimate

$785,000

List Price

$3,030

$2,780 - $3,280

Rent Est.

$884,617  ( +12.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1927
  • Price/Sqft : $607.12
  • 6 Days on Market
  • MLS # : EB40917836
  • Updated Date : 08/25/2020 at 17:04
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,293 sqft
  • Baths : 1 full
Listing Agent

Compass

Listing Agent's Description

1920s 2+BD/1BA Mediterranean home on a pretty Maxwell Park street! Sunny living rooms graced by arched doorways and a divine number of original multi pane windows.The living room features an original tiled fireplace; recessed ceiling and decorative detailing decorate the formal dining room. The two bedrooms have good size closets and share a bathroom with lovely period style. The large kitchen has bamboo flooring, butcher block peninsula and farmhouse sink. Enjoy casual dining in the kitchen and plentiful cherry wood cabinets. The sun room off the kitchen has laundry in the closet and French doors opening onto a delightful fenced garden, complete with potting shed. The yard has been landscaped with drought resistant plantings, a fountain and plenty of space for outdoor dining and relaxation. The truly exceptional basement is a wonder! Yes, two of the areas are appx 7' height and offer workshop space.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1015k

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

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $14083490

* 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
 

$706,500$863,500$785,000

PURCHASE PRICE

$2,727$3,333$3,030

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$2,896
Property Tax -$955
Property Insurance -$58
Property Management Fees -$149
CASH FLOW
-$1,029

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.

$785,000

PROJECTED PRICE

$3,030

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.69%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,579

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
  • $3,032

    COMP ESTIMATED VALUE
  • $2.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,6005$2,750
$2,750
RENT COMPS ANALYSIS
  • 2468 Best Ave Oakland, 1
    • 2 beds 1 baths ∙ 1,293 Sqft ∙ Built 1927 2 beds 1 baths ∙ 1,293 Sqft ∙ Built 1927
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2560 68th Ave Oakland, 2
    • 2 beds 1 baths ∙ 1,068 Sqft ∙ Built 1924 2 beds 1 baths ∙ 1,068 Sqft ∙ Built 1924
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.34
    •  
  • 2557 61st Ave Oakland, 3
    • 2 beds 1 baths ∙ 960 Sqft ∙ Built 1939 2 beds 1 baths ∙ 960 Sqft ∙ Built 1939
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.60
    •  
  • 5815 Avenal Ave Oakland, 4
    • 2 beds 2 baths ∙ 1,333 Sqft ∙ Built 1917 2 beds 2 baths ∙ 1,333 Sqft ∙ Built 1917
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.95
    •  
  • 3227 School St Oakland, 5
    • 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940 2 beds 1 baths ∙ 1,105 Sqft ∙ Built 1940
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $2.49
    •  
PROPERTY LISTING DETAILS
Jackie Care
Compass
BESbswy