1116 16th Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Jul 28, 2024 | Listed by Redfin | $799,000 | |
| Listed by Redfin | |||
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Welcome to 1116 16th St., a stunning contemporary home in the heart of West Oakland. This residence has been thoughtfully updated throughout, boasting a lovely floor plan that's perfect for entertaining. The spacious open living and dining area, highlighted by a gas-burning fireplace, provides a warm and inviting space for gatherings. The modern kitchen, complete with bar seating, seamlessly opens to a cozy family room, creating an ideal setting for casual dining and socializing. The main level features a convenient full bath, while upstairs, you'll find three spacious bedrooms and an updated full bath, offering ample space and comfort. Situated on a generous-sized lot, the home includes a private backyard oasis perfect for relaxing and entertaining. For those with a green thumb, the veggie beds are an added delight. With a one-car attached garage, this home also offers practicality and convenience. Its prime location provides easy access to parks, shops, restaurants, and public transportation, making downtown Oakland and San Francisco readily accessible. This exceptional property at 1116 16th St. is a rare find. Don’t miss the opportunity to make it yours! Contact us today to schedule a private tour and experience the charm and elegance of this beautiful home.
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| Oct 28, 2015 | Sold | ||
| Sold | |||
| Aug 19, 2015 | Listed by COLDWELL BANKER RESIDENTIAL | $489,500 | |
| Listed by COLDWELL BANKER RESIDENTIAL | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017