$1,250,000
●
House -
Off Market
2407 Carmel Street
Oakland, CA 94602
3 Beds
3 Baths
2,194 Ft²
$1,307,743
RealtyHop Estimate
20.09%
Since Sep 1, 2020
CA-San Francisco
Primary Model
About This Property
Spacious Lincoln Heights home! Traditional and contemporary styling
in the same comfy home, providing a flexible layout for
today's lifestyle needs. To start: two huge and private bedroom
suites -- each with its own separate entrance. The ground floor
en-suite has a gas fireplace, updated bath and a sweet office
leading to the garden. Plus two big closets. The suite upstairs
with spa bath is luxurious, huge, filled with sunlight and has a
big walk-in closet. A third bedroom is nearby; or could be another
office. Plus, there's a family/guest room and third full bath back
on the main floor. Large eat-in kitchen with breakfast nook & big
pantry is perfect for serious cooking. Formal dining room? Check.
Gracious living room with fireplace and garden view? You bet. Great
inside/outside flow to the back lawn & garden for all kinds of fun.
Detached garage with lotsa potential. Near fine markets, great
restaurants, cool shops and parks galore. Direct bus or BART for SF
commute is nearby.
Unit Size
2,194 Ft²
Days on Market
57 days
Land Size
0.10 acres
Price per sqft
$496
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1942
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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 #40910818)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2020 | Sold | ||
| Sold | |||
| Jul 2, 2020 | Listed by THE GRUBB COMPANY | $1,089,000 | |
| Listed by THE GRUBB COMPANY | |||
Property Highlights
Garage
Parking Available
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Lower Hills District
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Listed by: MICHAEL FRIEDMAN, THE GRUBB COMPANY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40910818
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40910818
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