tomo logo

$899,000

Beds
Unknown
sq ft
5,867

5401 Claremont Ave, Oakland, CA 94618

5401 Claremont Ave

Oakland, CA 94618

  • 150 days on market
    • Price drop $1,051,400↓
The historic Clausen building located in the Rockridge-Temescal District presents an opportunity for development into a 5 multi-family building - four condos and one live|work space. The previous developer repurposed and redesigned the interior floorplans|framing to fit the needs of the new condo units. The building has a solid foundation and structure. However, certain modifications will need to be made to meet building and zoning code requirements and to accommodate individual units, including the installation of plumbing, electrical, and HVAC systems. Here is your opportunity to finish what the prior developer had started. Original architect plans are available upon request. Ideal for developers or real estate investors. Prime location near MacArthur BART Station, Freeways, DMV, Kaiser Permanente, Farmers Market, Whole Foods Market, Coffee Shops, Shopping, & Restaurants.

Details

Property type

Condominium

Est. home value

$2,412,523

Lot size

5,000.688 sq ft

Price per sq ft

$154

Year built

1900

Price History

08/02/2024
SFAR

SFAR #424026370

Listed
$899,000
08/01/2024
SFAR

SFAR #424026370

Removed
$899,000
06/29/2024
SFAR

SFAR #424026370

Price change
$899,000
-53.91%

Schools & Community

Neighborhood: 

Shafter

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Ronald R Mackey

Loan start date

May 2019

Original loan amount

$29,000

Est. remaining balance

Not provided

Interest rate

4.31%

Loan type

Commercial

Seller

David Herrera

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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Status: Active

Tomo last checked: 09/19/2024 at 3:35 PM

Listing updated: 09/19/2024 at 12:11 PM

Listed by: Anh Hoang Pham, SkyGroup Realty Inc.

MLS: SFAR #424026370

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