$800,000
●
House -
Off Market
2812 Modesto Ave
Oakland, CA 94619
3 Beds
2 Baths
1,486 Ft²
$858,948
RealtyHop Estimate
32.35%
Since Jan 1, 2019
CA-San Francisco
Primary Model
About This Property
From the Roaring 20's to today's Millennial's, this 1921 MP
Bungalow shines brightly to attract its new caretakers.
Re-imagined four years ago to be a light filled open concept
home from the floors to the roof, one still feels the coziness of
the living room and warmth of the sun through the bay windows while
streaming the latest prime series next to the fireplace.
Thanksgiving and the holidays are upon us and you're just in time
to create new traditions hosting memorable celebrations in the
heart of this home. The expansive dining area and kitchen are
rich in warm wood tones, granite and hints of champagne colored
glass that combine with contemporary functionality making everyone
a top chef. In addition to the original 2/1, a master en-suite and
laundry complete the expansion. As the sun sets on the bay,
imagine a crackling fire-pit surrounded by comfortable chairs, the
laughter of friends, soft lights under the pergola and a bounty of
fresh veggies from your raised beds.
Unit Size
1,486 Ft²
Days on Market
39 days
Land Size
0.10 acres
Price per sqft
$437
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1921
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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: 4 months ago (bridgeMLS/CCAR/Bay East AOR #40844031)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 4, 2018 | Sold | ||
| Sold | |||
| Oct 26, 2018 | Listed by THE GRUBB COMPANY | $649,000 | |
| Listed by THE GRUBB COMPANY | |||
Property Highlights
Parking Available
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
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central East Oakland
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Listed by: JOHN WESLEY, THE GRUBB COMPANY
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40844031
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40844031
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