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    748 Clara St Oakland, CA 94603

    For Sale
    $749,000

    Multifamily property with stabilized income in a good neighborhood.

    Lot size:
    0.14 Acres

    Property Features for 748 Clara St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1964

    Source: Channel Real Estate Inc Agent Sri Gopireddy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oakland Multifamily Property For Sale

    This multifamily property generates a gross monthly income of $7875. The tenants are long-term residents, contributing to the property's stabilized income. Located in a desirable neighborhood with convenient freeway access, the property has a newly painted exterior. The property includes an additional fifth unit, constructed by a previous owner, with an income of $875. The property manager resides in one of the units and is a licensed contractor who handles property maintenance. The tenants are described as mature, hardworking families who pay on time and are well-behaved. The property is located within an average commute time of 35-45 minutes from the Bay Area and Silicon Valley. The property is intended for residential income purposes.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.1844818
    Latitude
    37.7398013

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with stabilized income in a good neighborhood.
    Where is this apartment building located?
    The property is located at 748 Clara St Oakland, CA.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - High Gross Monthly Income: $7875.00 (plus an additional $875.00 from unpermitted unit).; - Stabilized Income: Long-term tenants provide consistent rental income.; - Convenient Location: Situated in a good neighborhood with close proximity to freeways.
    (408) 393-4722
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    748 Clara St Oakland, CA 94603
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    Oakland, CA 94603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    748 Clara St Oakland, CA 94603
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