$10,000

closing credit¹

748 Clara St Oakland, CA 94603

$949,000
3,442 sqft
0.1 acres
$276 / sqft
Multi-Family

Property details

About 748 Clara St

CASH COW with passive Income, which can be increased by $1000 / month legally and immediately. Tenants are long term , hard working Families, Stabilized income is a haul mark feature of the Property. Located in a GOOD neighborhood and CLOSE to FREEWAYS. New exterior Paint. Additional 5th Unit is Built by previous owner and permits are unknown with 3 Beds and 2 Baths. So its a Fifer- five unit property. Property Manager lives in one of the units and is a Licensed Contractor, takes care of the Maintenance of the Property too. And communicates in Spanish with all the tenants all their mother tongue being Spanish . Very matured and hard working Families who pays in time and well behaved too. New owner if they want , can retain the current Property Manager and easily can manage remotely, which is like a Dream come True for busy people. At a fraction of the per square feet price with the Stabilized Income, this property has inbuilt value with average commute times of 35-45 minutes from Bay Area/ Silicon Valley. Send offers , subject to inspection , contingency. Offers as they come. Please DO NOT Disturb Tenants.

Highlights

Home typeQuadruplex
HeatingForced Air
StatusActive
CoolingGas
Size3,442 sqft
Lot size0.1435 Acres
Year built1964
MLS #ML81983710

Summary

  • MLS Number: ML81983710
  • MLS Name: CRMLS
  • Office Name: Channel Real Estate Inc
  • Office Phone: (408) 393-4722
  • Listing Agent: Sri Gopireddy

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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exterior space

$949,000

748 Clara St

$10,000

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 30, 2016
Home Sold
$600,000
Aug 26, 2014
Home Sold
$430,000

Tax history

YearAssessmentProperty Tax
2024$696,335$30,903
2023$682,685$30,903
2022$669,300$15,257
2021$656,177$11,687
2020$649,451$15,158
2019$636,720$10,663
2018$624,240$10,153
2017$612,000$10,153

History based on county public records data.

Nearby schools

1

Brookfield Village Elementary

Public District PK-5

0.4 mi

401 Jones Ave

4

Fred T. Korematsu Discovery Academy

Public District KG-5

0.6 mi

10315 E St

3

Esperanza Elementary School

Public District KG-5

0.6 mi

10315 E St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $39,085. Most Oakland, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

44%
<35k
46%
35k-100k
7%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

37%
Single, No Kids
27%
Single, with Kids
10%
Married, No Kids
26%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

21%
<11 yrs old
10%
12-17 yrs old
29%
18-34 yrs old
33%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Foot LockerFoot Locker
  • Ross Dress For LessRoss Dress For Less
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • Jack In The BoxJack In The Box
  • White CastleWhite Castle

What do the neighbors drive?

  • DodgeDodge
  • NissanNissan
  • KiaKia

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 748 Clara St in Oakland, CA and zip code 94603 in the Brookfield Village neighborhood. This 3,442 square foot home, which was built in 1964, sits on a 0.14 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $949,000.

Oakland, CA housing market in January 2025 saw over 55 listings sold above listed price, more than 22 sold at listed price and over 42 sold below. The inventory of homes for sale in Oakland, CA between December and January 2025 increased by 13.4%. The median list price of listings available in January 2025 was $844,105, while the average time on the real estate market was 58 days.

From Rocket Homes Real Estate and based on county public records data.

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