Movoto Real Estate
Sold on 04/03/2025
  • View/Area
  • Exterior
  • Other
  • Entry Way
  • Kitchen
  • Bedroom
  • Dining
  • Living

138 Monte Cresta Ave, Oakland, CA 94611

$6,321,875

Last sold 04/03/2025 for $5.75M

  • bed

  • bath

  • 20,507

    Sqft ($280/Sqft)

Multi-family not for sale

About 138 Monte Cresta Ave

Property type Multi-family
Neighborhood
Year built 1929
HOA fee $0/month
Lot size 0.33 Acre
Movoto estimate
Parking 21 garage spaces
Rental estimate
Property description
138 Monte Cresta is a fantastic 30 unit trophy corner apartment building excellently located off Piedmont Ave. in Oakland, CA. The property consists of 14 one bedroom units and 16 studio apartments. All units except two have been renovated and the majority have updated kitchens and bathrooms. Most units have excellent natural light and ample closet/storage space. There is one stack of studios that are all electric powered, otherwise, the units have gas stoves, and are separately metered for gas and electricity. There are dishwashers in all units and a laundry room with 3 washers and 3 dryers, all coin operated. The building boasts a lush entry walkway, a lovely lobby, and a huge, beautiful park-like side yard with sitting areas for tenants to enjoy the surrounding tree grove. This corner property has two garages with 13 parking spaces in the upper garage and 8 car parking in the lower garage, totaling 21 parking spaces. Owner provides steam heat.
Listed by
Listing Agent - Daniel McGue
Listing Office - Coldwell Banker Commercial Realty
Source: SFARMLS mls logo
MLS#424051488 • last updated 1 year ago
Movoto checked SFARMLS for data 13 minutes ago
Overview
Levels/Style 0, 0
SqFt 20507
SubType 5 Or More Units, Apartments
Type Residential Income
MLS # 424051488
Status Pending
Lot Size (Acres) 0.3329
Lot Size (SqFt) 14500
Year Built 1929
Interior
Total # of Rooms 102
Exterior
# Garage Spaces 21
# Parking Spaces 21
Parking Desc Attached, Covered, Garage
Lot Desc Corner, Cul-De-Sac, Landscape Back, Shape Irregular
Location
County Alameda
APN 012-0988-020-01
Multifamily Details
# Units Furnished None
# Of Units Total 30
# Of 1 Bedroom Units 14
# Studios Occupied 16
# of Studio Units 16
# Of Units Leased 30
Gross Rent Multiplier 8.59
Cap Rate 6.75
$6.32M
Range: $5.68M-$6.95M
Last 30 days 
Rental est.: $2,072/month
Gross rent multiplier: 231.3
  • May 2025
    Public Records
  • May 21, 2025 Sold
    $5,750,000
  • May 2025
    mls logo MLS # 424051488
  • May 21, 2025 Sold
    $5,750,000 (-12.5%)
  • Apr 3, 2025 Pending
  • Feb 19, 2025 Pending
  • Feb 7, 2025 Contingent - No Show
  • Jan 9, 2025 Price Change
    $6,575,000 (-5.4%)
  • Oct 8, 2024 Listed
    $6,950,000
  • Oct 8, 2024 Price Change
    $6,950,000 (-6.1%)
  • Jul 22, 2024 Listed
    $7,400,000
  • Jun 30, 2024 Listed
    $7,400,000 (+89.7%)
  • May 2007
    Public Records
  • May 21, 2007 Sold
    $3,900,000
  • Year Property taxes Tax assessment
  • 2024
    $88,084 -3.8%
    $5,124,581 +2.02%
  • 2023
    $91,546 +4.8%
    $5,023,016 +1.96%
  • 2022
    $87,332 +8.1%
    $4,926,230 +2.05%
  • 2021
    $80,761 +1.3%
    $4,827,214
  • 2020
    $79,756
    $4,827,214
  • 138 Monte Cresta Ave
    $5.75M
  • Piedmont Avenue
    $354K -22% y/y
  • 94611
    $1.39M +8% y/y
  • Oakland
    $600K -7% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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