$343,000
●
House -
Off Market
2865 Vallecito Place
Oakland, CA 94606
2 Beds
1 Bath,
1
Half Bath
827 Ft²
$622,355
RealtyHop Estimate
55.98%
Since Feb 1, 2016
CA-San Francisco
Primary Model
About This Property
1st time on market in 30 yrs. Bright 2 Bedrooms, 1 and 1/2 Bath.
Hardwood floor in the Living room. Kitchen wi/maple wood cabinet,
tile countertops & tile flooring. Newer automatic garage door.
Storage rooms. Spacious backyard. Home needs TLC & thirsty for
modern touches. Near Fwy 580 & Lake Merritt
Unit Size
827 Ft²
Days on Market
53 days
Land Size
0.10 acres
Price per sqft
$482
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1910
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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 #40724125)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2022 | No longer available | - | |
| No longer available | |||
| Jun 5, 2022 | Listed by KW Peninsula Estates | $699,000 | |
| Listed by KW Peninsula Estates | |||
| | |||
|
Welcome home to 2865 Vallecito Place in the Highland Park neighborhood of Oakland! This 2-level single-family home features 3 bedrooms and 2 bathrooms with extra bonus space downstairs that can be used as a guest room, office, or family room. Downstairs with a separate front entrance to add the possibility of rental income with a mini bar area, a great investment opportunity. Move-in ready with fresh interior paint and modernized light fixtures. Front yard with beautiful magnolia tree and rose bushes, and the backyard has endless possibilities of lounge areas or outdoor dining, perfect to entertain your family and friends or expansion or ADU or in-law potential (check with the city for permits). Detached 1 car garage for parking and storage. Convenient location near markets and grocery stores along with many food options, cafes and Highland Hospital. Easy commute using I-580 or I-880 across the Bay Area. The manager has listed the unit size as 1140 square feet.
| |||
| Jan 31, 2016 | Sold | ||
| Sold | |||
| Dec 9, 2015 | Listed by GOLDEN EAGLE REAL ESTATE & INVESTMENT | $399,000 | |
| Listed by GOLDEN EAGLE REAL ESTATE & INVESTMENT | |||
Property Highlights
Garage
Fireplace
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: MYRA CHAU TRAN, GOLDEN EAGLE REAL ESTATE & INVESTMENT
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40724125
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40724125
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