Comm Ri Multi-units 5+ For Sale
11,006 Sqft - 1455 1St Ave, OAKLAND, California 94606
Property Description
Originally constructed in 1912, 1455 First Avenue is an 18-unit apartment building situated in a prime location in the East Lake/Merritt neighborhood of Oakland. The Morakot Apartments boast a unit mix of six studios, six larger studios, and six 1-bedroom apartments. Twelve of the eighteen units have been renovated in the last 10 years. The large units feature abundant natural light, new carpet and hardwood ?oors, and updated kitchens and bathrooms.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40960327
Price : $4,749,888
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 11,006 Sqft
Year Built : 1912
Lot Area : 0.18 Sqft
Features
Heating System : Wall Furnace, Electric
View : Downtown, Lake
Roof : See Remarks
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94606
Street : 1St Ave
Street Number : 1455
Floor Number : 0
Longitude : W123° 44' 36''
Latitude : N37° 47' 57.6''
MLS Addon
Office Name : NAI Northern California
Building Type : 5 Or More Units
Area : Oakland Zip Code 94606
Address : 1455 1St Ave
Cross Street : E 15th Street
Directions to Property : Lakeshore to 1st Avenue
LA1User Code : R01700439
LA1Agent First Name : Grant
LA1Agent Last Name : Chappell
Status Category : Active
Tot # Parking Spaces : 0
Tot # of Units : 18
List $/SqFt : $432
Age : 109
Apx Lot Sq Ft : 7,800 Sqft
Type of Building : Apt Complex
Annual Taxes : $77,439
Total Deposits : $0
EQUIPMENT ADDITIONAL : Water Heater Gas, Fire Alarm System, Security Gate, Smoke Detector
EXTERIOR : Stucco, Brick
FLOORING : See Remarks
LOT DESCRIPTION : Regular
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Management, License/ads, Property Tax/assessments, Trash Removal, Utilities, Vacancy Factor, Water
SEPARATE METERS : Electric, Gas
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : In Laundry Room, Coin Operated, Common Room
Census Tract : 4053
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : See Remarks
Other Loans (Y/N) : No
1st Loan Balance : $9,000
2nd Loan Balance : $325,332
Tot Other Loans : $250
Financial Data Verif(Y/N) : 3.59%
FINANCIAL DATA SOURCE : Owner, Estimated, Rental Agreement
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $4,999,888
Sold Price : $0
Previous Price : $4,999,888
Sale $/SqFt : $0
Gross Oper Actual Inc : 318812
Annual Gross Sched Inc : 325332
Net Oper Income : 179276
Annual Mgmt Exp : 16300
Annual License Exp : 6365
Annual Util Exp : 25237
Other Ann Exp : 0
Tot Ann Oper Exp : 139535
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 5194
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 15.37
ZIDX Only Street Name : 1St Ave
Co List Agent DRE Num. : 01700439
List Agent DRE Num. : 01700439
LA1Agent License ID : 01700439
Annual Vacancy : 6519
Gross Income : 325332
Listing Broker DRE Numbe : 01870488
Sale/Original $ : 0
Annual Exp Yr : 2020
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Bridge AOR
Managers Unit : Yes
Assessors Parcel No : 20-129-4
Showing : Contact broker for showing instructions
LO1Main Office ID : 41278
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 4749890
Address Search Number : 1455
Listing Agent : 114920
Listing Office : 41278
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 8
Input Date : 24/07/2021 04:16:13
Update Date : 17/11/2021 08:17:13
PhotoTimestamp : 15/10/2021 08:16:02
First Photo Add Timestamp : 24/07/2021 04:16:14
List Date : 23/07/2021
Expire Date :
Pending Date :
Closing Date :
Status Date : 17/11/2021
Price Date : 10/11/2021
Off Market Date :
Status : Active
Dual Variable : Yes
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date : 10/11/2021
LVT Date : 23/07/2021
DOMLS : 91
Cumulative DOMLS : 91
