$1,750,000
●
House -
Off Market
1042 Elbert St
Oakland, CA 94602
6 Beds
4 Baths
2,983 Ft²
$1,635,706
RealtyHop Estimate
26.31%
Since Jun 1, 2019
CA-San Francisco
Primary Model
About This Property
Built in 1914, extensively remodeled w/ a separate entrance in-law,
this home has been transformed with fully permitted modern updates
while retaining vintage features: a wide, inviting front porch,
wainscoted formal dining room, stained glass, clawfoot tubs, living
room built-ins & classic fireplace. Roomy new kitchen gleams w/ SS
appliances, chef's stove, Quartz countertops. Master bedroom
upstairs; walk-in dressing room & spacious master bathroom. 2 more
sunny bedrooms create an ideal family floor plan. Main floor:
laundry + 2 more full bathrooms; office w/ built-in beadboard
cabinetry & Solatube lighting; reading room; spacious bonus room
with separate entrance from porch; large bedroom opens out to
sunny, private rear garden. Ground level: a charming, separate, 1+1
in-law/au-pair w/ bonus room & open floorplan. ADU status
opportunity. Located on a quiet cul-de-sac near Glenview shops &
eateries, AC Express bus to SF, casual carpool, 13 & 580,
Montclair, 10-min. to Rockridge BART.
Unit Size
2,983 Ft²
Days on Market
25 days
Land Size
0.13 acres
Price per sqft
$434
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1914
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (bridgeMLS/CCAR/Bay East AOR #40864128)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2019 | Sold | ||
| Sold | |||
| May 3, 2019 | Listed by GOLDEN GATE SOTHEBYS INTERNATIONAL REALTY | $1,295,000 | |
| Listed by GOLDEN GATE SOTHEBYS INTERNATIONAL REALTY | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
About Lower Hills District
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Listed by: JEFF WEISSMAN, GOLDEN GATE SOTHEBYS INTERNATIONAL REALTY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40864128
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40864128
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