138 Monte Cresta Ave Oakland, CA 94611-4869
Property profile & analytics
138 Monte Cresta Ave Oakland, CA 94611-4869
- Apartment buildings
- 20,507 SF
- 0.33 lot acres
Property ID
US09-9268418
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hightower Charlie / Business Management Consultant
Property Details for 138 Monte Cresta Ave
- Year built
- 1929
- Construction
- WOOD
- Lot size
- 0.33 lot acres
- Property size
- 20,507 SF
- Property type
- Apartment buildings
- APN
- 12-988-20-1
- APU
- 12988201
Description
This exceptional 30-unit apartment building, located at 138 Monte Cresta Ave in Oakland, CA (94611), presents a compelling investment opportunity. The property, situated on a desirable corner lot off Piedmont Avenue, boasts a mix of 14 one-bedroom and 16 studio apartments. All but two units have undergone renovations, with most featuring updated kitchens and bathrooms. Many units enjoy abundant natural light and ample closet space. The building is equipped with a coin-operated laundry room (3 washers and 3 dryers), and all units include dishwashers. Heating is provided by owner-supplied steam heat. Electricity for common areas is solar-powered, while individual units have separately metered gas and electricity, with gas stoves in most units (except one all-electric studio stack). The property includes a lush entryway, attractive lobby, and a sizable, park-like side yard with tenant seating areas. Parking is ample, with two garages providing a total of 21 spaces (13 upper, 8 lower). Security features include an intercom system, security cameras, and a security fence. An owner storage room is also available. The building's strong financial performance is reflected in its $7,400,000 asking price, 5.78% cap rate, and $427,985 NOI. The property encompasses 20,507 square feet, with a price per square foot of $360.85 and a price per unit of $246,666.67. The Alameda County Assessor's Parcel Number (APN) is 012-0988-020-01. This property offers a blend of attractive features and strong financial metrics, making it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,835,000
- 6.5%
- $5,385,000
- 7%
- $5,000,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,171,000
Market price range: $1.84M - $6.30M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $4,660,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $8,710,000 Change: +87% Conversion: Difficult
- RESTAURANT
- $7,385,000 Change: +58% Conversion: Difficult
- MEDICAL BUILDING
- $6,890,000 Change: +48% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $5,920,000 Change: +27% Conversion: Difficult
- OFFICE BUILDING
- $4,940,000 Change: +6% Conversion: Moderate
- RETAIL STORES
- $4,875,000 Change: +5% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,520,000 Change: -3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.25
- Latitude
- 37.8244
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$91,546
$1,576,104
$3,548,477
$5,124,581
-
$0.00
$0.00
$0.00
