1
Map
$365,000
●
Condo -
Off Market
485 8TH ST #304
Oakland, CA 94607
1 Bed
1 Bath
576 Ft²
$459,856
RealtyHop Estimate
58.63%
Since Aug 1, 2015
CA-San Francisco
Primary Model
About This Property
SOLD with 6 OFFERS * 98 WalkScore Convenient to everywhere! Old
Oakland at it's BEST! Downtown, Chinatown, Jack London Square Tons
of Restaurants + First Class Entertainment-Plank, Paramount & Fox
Theaters. TRANSIT CENTRAL 12th St BART, Bus, San Francisco Agent
Unit Size
576 Ft²
Days on Market
29 days
Land Size
0.04 acres
Price per sqft
$503
Property Type
Condo
Property Taxes
-
HOA Dues
$230
Year Built
2001
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Cap Rate Calculator
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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 #40703309)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 10, 2020 | Sold | ||
| Sold | |||
| Feb 5, 2020 | Listed by RED OAK REALTY | $475,000 | |
| Listed by RED OAK REALTY | |||
| | |||
|
This is one of a very few residential condos in the Old Oakland neighborhood, so it is a rare opportunity for someone to secure this gem! 8th Street is updated with beautiful modern upgrades. You can ditch the car and really enjoy the amazing proximity to the city! Only 2 blocks from BART and with the Free B bus line a stone’s throw away, you can be anywhere with ease and reduce your carbon footprint. Old Oakland is home to beautiful late 18th-century architecture and that quaint, nostalgic neighborhood vibe that draws everyone to it! It is surrounded by amazing coffee shops (Caffe 817, Blue Bottle, Starbucks), small storefronts featuring local businesses, artists and an incredible Farmer’s Market every Friday, where fresh fruits and vegetables can be found right outside your door!
| |||
| Jul 14, 2015 | Sold | ||
| Sold | |||
| Jun 15, 2015 | Listed by LAWTON ASSOCIATES | $289,888 | |
| Listed by LAWTON ASSOCIATES | |||
Property Highlights
Fireplace
Parking Details
Parking Features: None
Interior Details
Full Bathrooms: 1
Flooring Type: Tile, Wood
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 576
Architectural Style: Traditional
Year Built: 2001
Builder Name: Contemporary
Builder Model: Old Oakland
Levels: One
Construction Materials: Wood Siding
Pool Features: None
Lot Features: Back Yard, StreetLevel
Lot Size Area: 99999
Lot Size Units: Square Feet
Lot Size Acres: 0.04
Lot Size Square Feet: 99999
Tax Lot: 001020103800
Utilities Details
Heating Type: Electric, Radiant
Sewer : Shared Septic
Location Details
HOA/Condo/Coop Amenities: Maintenance Grounds, Insurance, Other
HOA Fee: $230
HOA Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/05/2020
|
1 Bed
|
1 Bath
|
576 ft²
|
$475,000
1 Bed
1 Bath
576 ft²
|
$500,000
+5.26%
03/10/2020
|
Chimene Pollard
Red Oak Realty
| |
|
06/16/2016
|
1 Bed
|
1 Bath
|
598 ft²
|
$309,000
1 Bed
1 Bath
598 ft²
|
$420,000
+35.92%
07/13/2016
|
Kristen Thompson
MCGUIRE REAL ESTATE
| |
|
06/15/2015
|
1 Bed
|
1 Bath
|
576 ft²
|
$289,888
1 Bed
1 Bath
576 ft²
|
$365,000
+25.91%
07/14/2015
|
Keith Sjoholm
Abio Properties
|
Building Info
About Central Oakland
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Listed by: KEITH SJOHOLM, LAWTON ASSOCIATES
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40703309
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 40703309
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