$900,000
●
House -
Off Market
2501 Carmel St
Oakland, CA 94602
2 Beds
1 Bath
1,007 Ft²
$963,859
RealtyHop Estimate
28.69%
Since Nov 1, 2018
CA-San Francisco
Primary Model
About This Property
Welcome to this meticulously cared for bungalow on highly desirable
Carmel Street. This lovely two bedroom, one bath house has been
well cared for for many years and the pride of ownership is
apparent throughout. From the expansive deck in the backyard to the
updated kitchen with breakfast nook,separate dining room, and
beautifully updated bathroom, this one has it all. A newer roof,
sewer lateral compliant, double-paned windows and copper water
lines just to name a few.The front yard is lush with happy colorful
plants. The backyard is sunny with many new plantings ready to
compliment your outdoor experience. With a driveway that runs along
the side of the house, parking is never an issue. The detached and
secure garage could easily be a home office, art studio, storage
room but with 220V already in place, its best use might be charging
your electric vehicle. The street is nestled between two
great shopping districts, Montclair Village to the East and
Fruitvale District to the West.
Unit Size
1,007 Ft²
Days on Market
36 days
Land Size
0.10 acres
Price per sqft
$744
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 #40836986)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 11, 2018 | Sold | ||
| Sold | |||
| Sep 5, 2018 | Listed by RED OAK REALTY | $749,000 | |
| Listed by RED OAK REALTY | |||
Property Highlights
Garage
Parking Available
Fireplace
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
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lower Hills District
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Listed by: CHARLES COOK, RED OAK REALTY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40836986
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40836986
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