tomo logo

$880,000

Beds
7
Baths
4.0
sq ft
1,870

1627 94th Ave, Oakland, CA 94603

1627 94th Ave

Oakland, CA 94603

  • 221 days on market
Rare cashflow opportunity with seller financing available! 2 houses on one lot; Both newly renovated with new Roof, windows, flooring, paint, and more. Separated meters and sewer lateral compliant. Both units are stabilized for market rent through section 8. Also comes with approved ADU plans, prefect for house hacking or additional cashflow. The front house features 4 bedrooms, 2 baths and onsite laundry facilities. The back unit has 3 bedrooms, 2 baths plus a bonus room and on site laundry hookups. Current annual gross of $79,140.00 with an expected net operating income of over $10,000.00 per year with existing deal structure. This won't last.

Details

Property type

Single Family Residence

Lot size

7,000 sq ft

Price per sq ft

$471

Year built

1950

Price History

04/15/2024
BridgeMLS

BridgeMLS #41056155

Listed
$880,000
+18.04%
04/07/2022
BridgeMLS

BridgeMLS #40981480

Sold
$745,514

Schools & Community

Neighborhood: 

Cox

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$242,670
Asking price
$880,000
Closing costs (~8% of asking)
-$70,400
Est. remaining loan balance
-$566,930
Cash to seller
$242,670

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Sprout Mortgage Llc

Loan start date

March 2022

Original loan amount

$596,411

Est. remaining balance

$566,930

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Maria De Lourdes Sanchez Tostado and Heber Roberto Palacios

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Price drop
BridgeMLS
$757,500
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House

6625 Hillmont Dr, Oakland, CA 94605

Status: Active

Tomo last checked: 11/22/2024 at 7:05 PM

Listing updated: 04/30/2024 at 4:50 PM

Listed by: Quan Zou, Fathom Realty Group, Inc Phone #: (510) 967-9408

MLS: BridgeMLS #41056155

BridgeMLS logo

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