$500,000
●
Condo -
Off Market
485 8Th St #304
Oakland, CA 94607
1 Bed
1 Bath
576 Ft²
$587,211
RealtyHop Estimate
23.62%
Since Apr 1, 2020
CA-San Francisco
Primary Model
About This Property
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!
Unit Size
576 Ft²
Days on Market
34 days
Land Size
-
Price per sqft
$825
Property Type
Condo
Property Taxes
-
HOA Dues
$265
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: 4 months ago (bridgeMLS/CCAR/Bay East AOR #40894390)
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 | |||
| Jul 14, 2015 | Sold | ||
| Sold | |||
| Jun 15, 2015 | Listed by LAWTON ASSOCIATES | $289,888 | |
| Listed by LAWTON ASSOCIATES | |||
 | |||
|
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
| |||
Property Highlights
Fireplace
Parking Details
Parking Features: None
Interior Details
Full Bathrooms: 1
Flooring Type: Wood
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 576
Year Built: 2001
Levels: Three Or More
Pool Features: None
Lot Size Units: Square Feet
Utilities Details
Heating Type: See Remarks
Location Details
HOA/Condo/Coop Amenities: Other, Trash
HOA Fee: $265
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: CHIMENE POLLARD, RED OAK REALTY
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40894390
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 40894390
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