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1362 104th Ave 5-Plex
B+ Composite 76.65
Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Livability +3.6/5.0
  • Schools +3.0/10.0
  • Rent growth +2.9/5.0
  • Condition / age +2.2/5.0
  • Appreciation +0.0/10.0

$500,000

1362 104th Ave · Oakland, CA 94603
4 bd · 5.0 ba · 4,134 sqft · MultiFamily public records · 31 Days on market
Built 1929 Fair condition 5,000 sqft lot $121/sqft · 42% below area Est $869k · 42% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 5 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Bring a contractor opportunity. Cash sale only. This is a 5 plex but can be reconfigured to 4 plex per zoning spot. 2x Ground Floor 2 Bedroom 1 bath units approx. 900 SF. 3x Upstairs 1 bedroom 1 bath units, approx. 800 SF. Contact City for details. Property may be conveyed vacant, call agent for details. Rare opportunity for the right buyer.

Key facts

  • 5,000 sq ft lot
  • Built 1929
  • Listed 30 days

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 5 × 1-bed/?-bath units multifamily listed at $500k. Condition is rated fair.
  • This rent per unit runs 33% of the median local income ($77k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Deal economics

  • At list price, monthly cash flow is $5k ($60k/yr) — positive. Per door: $995/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($11k rent vs $500k).
  • Recommended offer: $485k (3.0% below list) — sets the bar for market timing.
  • Cap rate 18.2% vs local median 2.5% in Oakland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 71/100 on livability (#224 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
  • Oakland Unified (urban): math 27% / reading 33% proficiency, ranked #1,007 of 1,400 in CA (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Esperanza Elementary (422 students, 96% FRL); Elmhurst United Middle (766 students, 94% FRL); Castlemont High (680 students, 98% FRL) — zoned schools average 96% FRL vs 68% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+1.6%/yr); 125 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,742 units permitted in Alameda County in 2024 (856 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.
  • Alameda County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 1.6% rent growth), your $140k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 31 days — a 3% lower offer ($485k) is reasonable based on typical stale-listing flexibility.
  • 8 sale attempts since 30y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
  • Current owner paid $99k; list at $500k implies a 405% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1929 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $485,000 (3.0% below list)

Questions for the listing agent

  1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  5. Built in 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
2.13%
Cap rate
18.23%
Cash-on-cash
42.63%
DSCR
2.90
GRM
3.9

CMA / ARV

ARV (median comp)
$869,138
List price
$500,000
Delta
-13.71%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 8 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
3020 Broadmoor Vw 1.27mi 5/3.5 (+1) 4,170 (+1%) 17mo $1,300,000 $312 38
285 Breed Ave 0.52mi 4/3.5 3,354 (-19%) 10mo $1,650,000 $492 36
962 Lee Ave 1.13mi 4/3.5 3,240 (-22%) 2mo $1,350,000 $417 32
3051 Broadmoor Vw 1.31mi 5/4.0 (+1) 3,993 (-3%) 24mo $1,200,000 $301 30
845 Woodland Ave 0.98mi 4/3.0 3,354 (-19%) 4mo $1,343,000 $400 28
400 Joaquin Ave 1.31mi 3/3.0 (-1) 3,183 (-23%) 9mo $1,100,000 $346 20
161 Begier 0.88mi 5/4.0 (+1) 4,849 (+17%) 24mo $1,460,000 $301 11
1009 Glen Dr 1.30mi 4/2.5 3,114 (-25%) 29mo $1,730,000 $556 10

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.58% rent growth · sell at horizon

5-year hold
IRR
37.8%
Equity multiple
2.58×
Total profit
$220,898
Equity at exit
$74,552
10-year hold
IRR
43.6%
Equity multiple
4.86×
Total profit
$540,978
Equity at exit
$43,231

Cash invested: $140,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (CITY)
0 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City Oakland
0 Strongly Tenant-Friendly · D+62
Rent Adjustment Program + Just Cause.

ZIP-level market 94603

Rents YoY
1.6%
Active inventory
125
Price-to-rent
19.5×

Monthly cashflow live

Estimated rent
$10,670 high interval (Pro) →
Mortgage (P&I)
$2,622
Tax est. 1.5%
$625 /mo · $7,500/yr
Insurance
$208
HOA
$0
Vacancy / Maint / Mgmt
$2,241
Net cashflow
$4,974

5-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (5 units) $10,670

Break-even live

Break-even rent $4,374
Max offer price $500,000
Occupancy floor 48%

Sensitivity live

Price -10% $5,319 -5% $5,147 +0% $4,974 +5% $4,801 +10% $4,628
Rent -10% $4,131 -5% $4,552 +0% $4,974 +5% $5,395 +10% $5,817
Rate -1.0pp $5,226 -0.5pp $5,101 base $4,974 +0.5pp $4,844 +1.0pp $4,713

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$125,000
Closing costs
$15,000
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1428 105th Ave Oakland, CA 1.0–2.0 1.0 680 $1,424 $2.09 71d 1 0.12mi
1206 105th Ave Oakland, CA 2.0 1.0 900 $2,350 $2.61 93d 1 0.18mi
1463 Tucker St Oakland, CA 2.0 2.0 885 $2,600 $2.94 73d 1 0.19mi
410 Bristol Blvd Unit 410 San Leandro, CA 2.0 1.0 800 $2,150 $2.69 73d 1 0.32mi
1256 99th Ave Oakland, CA 1.0–2.0 1.0 868 $1,650 $1.90 10d 4 0.36mi
9903 Walnut St Unit 9903 Oakland, CA 2.0 1.0 982 $2,199 $2.24 71d 1 0.36mi
184 Garcia Ave Unit Adu San Leandro, CA 1.0 1.0 $1,495 93d 1 0.41mi
170 Belleview Dr Unit 170 San Leandro, CA 2.0 1.0 708 $2,100 $2.97 7d 1 0.46mi
170 Belleview Dr Unit 170 San Leandro, CA 1.0 1.0 708 $2,100 $2.97 24d 1 0.46mi
185 Belleview Dr Apt 3 San Leandro, CA 2.0 1.0 $2,300 42d 1 0.49mi
185 Belleview Dr Unit 5 San Leandro, CA 1.0 1.0 $2,100 64d 1 0.49mi
350 Lafayette Ave Unit 2 San Leandro, CA 2.0 1.0 $2,200 64d 1 0.50mi
10786 Pippin St Oakland, CA 2.0 1.0 760 $1,977 $2.60 73d 1 0.50mi
10786 Pippin St Apt 4 Oakland, CA 2.0 1.0 760 $1,797 $2.36 67d 1 0.51mi
1941 Durant Ave Oakland, CA 1.0 1.0 600 $1,980 $3.30 41d 1 0.51mi
170 Stoakes Ave Unit 04 San Leandro, CA 1.0 1.0 650 $1,970 $3.03 73d 1 0.53mi
170 Stoakes Ave Unit 01 San Leandro, CA 1.0 1.0 650 $2,045 $3.15 93d 1 0.53mi
170 Stoakes Ave Unit 9 San Leandro, CA 2.0 1.0 900 $2,295 $2.55 64d 1 0.53mi
9635 Plymouth St Unit 2 Oakland, CA 2.0 1.0 620 $1,595 $2.57 93d 1 0.53mi
9719 Cherry St Unit 1 Oakland, CA 2.0 1.0 650 $2,300 $3.54 93d 1 0.54mi
9317 Walnut St Oakland, CA 2.0 1.0 950 $2,500 $2.63 93d 1 0.69mi
2224 107th Ave Unit 2222 Oakland, CA 2.0 1.0 667 $3,000 $4.50 93d 1 0.69mi
596 E 14th St Unit E3 San Leandro, CA 1.0 1.0 $1,875 48d 1 0.69mi
2301 99th Ave Unit Back Oakland, CA 2.0 1.0 800 $2,600 $3.25 10d 1 0.72mi
548 105th Ave Unit 13 Oakland, CA 2.0 1.0 800 $2,399 $3.00 93d 1 0.78mi
594 Victoria Ct Unit A San Leandro, CA 1.0 1.0 700 $2,000 $2.86 22d 1 0.79mi
594 Victoria Ct Unit 1 San Leandro, CA 2.0 1.0 1200 $3,000 $2.50 22d 1 0.79mi
2250 96th Ave Unit T208 Oakland, CA 1.0 1.0 600 $1,700 $2.83 13d 1 0.82mi
2250 96th Ave Unit T217 Oakland, CA 1.0 1.0 600 $1,700 $2.83 93d 1 0.82mi
10010 MacArthur Blvd Apt 4 Oakland, CA 1.0 1.0 650 $1,750 $2.69 25d 1 0.82mi
1001 91st Ave Oakland, CA 2.0 1.0 762 $2,195 $2.88 93d 1 0.85mi
2121 94th Ave Oakland, CA 1.0 1.0 700 $1,695 $2.42 93d 1 0.85mi
414 Bancroft Ave San Leandro, CA 2.0 2.0 $3,100 37d 1 0.86mi
414 Bancroft Ave Unit A San Leandro, CA 2.0 2.0 $3,100 71d 1 0.86mi
477 Bancroft Ave Apt A San Leandro, CA 1.0 1.0 500 $1,700 $3.40 22d 1 0.86mi
9309 Bancroft Ave Unit 1 Oakland, CA 1.0 1.0 $1,450 93d 1 0.89mi
150 Haas Ave San Leandro, CA 2.0 1.0 930 $2,400 $2.58 54d 1 0.89mi
2032 92nd Ave Oakland, CA 1.0 $1,395 93d 1 0.90mi
2034 92nd Ave Oakland, CA 1.0 $1,395 93d 1 0.90mi
2235 94th Ave Unit B Oakland, CA 1.0 1.0 $2,000 67d 1 0.91mi

Property features AI

Exterior

Parking
Carport
Utilities
Public waterPublic sewerSeparate electric meter
Home design
Multi-unit property (5+ units)
Construction
Built in 1929Stucco siding
Exterior features
Level lot

Interior

Bedrooms
Unit 1: 2 bedroomsUnit 2: 1 bedroomTotal units on site: 5
Bathrooms
Unit 1: 1 bathroomUnit 2: 1 bathroom
Heating & cooling
Wall furnace heating
Interior features
Partial basementLaundry closet
Laundry & utility
Laundry closetElectric separate meter

Listing history 46 events

  1. 2026-08-08
    days on market $500,000 Active 31 DOM
  2. 2026-08-06
    days on market $500,000 Active 29 DOM
  3. 2026-08-05
    days on market $500,000 Active 28 DOM
  4. 2026-08-04
    days on market $500,000 Active 27 DOM
  5. 2026-08-03
    days on market $500,000 Active 26 DOM
  6. 2026-07-31
    days on market $500,000 Active 23 DOM
  7. 2026-07-30
    days on market $500,000 Active 22 DOM
  8. 2026-07-30
    days on market $500,000 Active 21 DOM
  9. 2026-07-28
    days on market $500,000 Active 20 DOM
  10. 2026-07-26
    days on market $500,000 Active 18 DOM
  11. 2026-07-24
    days on market $500,000 Active 16 DOM
  12. 2026-07-23
    days on market $500,000 Active 15 DOM
  13. 2026-07-22
    days on market $500,000 Active 14 DOM
  14. 2026-07-21
    days on market $500,000 Active 13 DOM
  15. 2026-07-20
    days on market $500,000 Active 12 DOM
  16. 2026-07-18
    days on market $500,000 Active 10 DOM
  17. 2026-07-18
    days on market $500,000 Active 9 DOM
  18. 2026-07-16
    days on market $500,000 Active 8 DOM
  19. 2026-07-15
    days on market $500,000 Active 7 DOM
  20. 2026-07-14
    days on market $500,000 Active 6 DOM
  21. 2026-07-13
    days on market $500,000 Active 5 DOM
  22. 2026-07-13
    days on market $500,000 Active 4 DOM
  23. 2026-07-11
    days on market $500,000 Active 3 DOM
  24. 2026-07-10
    days on market $500,000 Active 2 DOM
  25. 2026-07-09
    pricedays on marketlisting id $500,000 Active 1 DOM
  26. 2026-06-01
    days on market $750,000 Active 303 DOM
  27. 2026-05-31
    days on market $750,000 Active 302 DOM
  28. 2025-08-02
    listed $750,000 Active 673-char remark
  29. 2025-08-02
    listed $750,000 Active 360-char remark
  30. 2024-07-10
    historical
  31. 2024-07-01
    status Pending
  32. 2024-06-24
    status Active
  33. 2024-06-03
    status Pending
  34. 2024-05-28
    status Active
  35. 2024-05-21
    status Pending
  36. 2024-05-17
    price
  37. 2024-05-06
    listed Active
  38. 2019-10-01
    historical
  39. 2019-06-14
    listed $848,999
  40. 2019-04-01
    historical
  41. 2018-10-10
    listed $875,000
  42. 1996-11-13
    soldstatus $99,000
  43. 1996-11-13
    soldstatus $99,000
  44. 1996-11-13
    soldstatus $99,000
  45. 1996-06-12
    historical
  46. 1996-01-18
    listed $115,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 4/10 Moderate 7 d/yr ≥84°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 14 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$128,040
− Mortgage interest
−$28,008
− Property taxes
−$7,500
− Insurance
−$2,500
− Repairs & maintenance
−$10,243
− Management
−$10,243
− Depreciation
−$14,545
Taxable income
$55,000
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$13,200
After-tax cash flow
$46,487/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 4 photos

Fair 45/100 Moderate rehab Est. rehab $103,350–$186,030 screening

This multi-family property requires moderate repairs and maintenance to improve its condition and value. Fresh paint and landscaping improvements can significantly enhance its appeal.

Repairs flagged

  • Minor roof — Some discoloration visible
  • Minor exterior paint — Light wear and tear on siding

Value-add opportunities

  • Both Paint the exterior — Fresh paint can improve curb appeal and property value
  • Both Landscaping improvements — A well-maintained yard can enhance property value and attract tenants

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Zoned Schools

Elementary Fred T. Korematsu Discovery Academy Elementary Middle Elmhurst United Middle High Madison Park Academy 6-12

Schools (NCES district)

District
Oakland Unified
NCES district ID
0628050
Math proficiency
27% ▬ 0.00%
Reading proficiency
33% ▬ 0.00%
Median HH income
$55,194
Composite
29.52/100
National rank
#11769
State rank
#1007 of 1400 in CA
B Composite livability gradescore 71/100

Livability — Oakland

Score
71/100
State rank
#224
US rank
#7245

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Oakland, CA
County
Alameda County · 1,928,884 people
City population
385,993
Metro
San Francisco-Oakland-Berkeley, CA
Population (ZIP)
35,742
Household income
$76,723
Rent vs Own
52.1% rent · 47.9% own
Severe rent burden
10% of renters

Population outlook (Alameda County) Hauer SSP2

Today (2025)
1,928,884 people
By 2030
2,069,146 · +7.3%
By 2040
2,338,405 · +21.2%
By 2050
2,586,608 · +34.1%
By 2075
3,061,911 · +58.7%
By 2100
3,234,133 · +67.7%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Majority Hispanic (63%)
Race & ethnicity
Hispanic / Latino 63% Black 25% Two or more races 11% Asian 5% White 4% Native American 1% Pacific Islander 1%
Hispanic origin (detail)
Mexican 51%
Foreign-born
37% · Canada, China, Vietnam
Languages at home
37% English-only · Spanish 56% Other Asian/Pacific 2% Chinese 1%

Political lean MEDSL · Alameda

2024 margin
Solid D (+53.6) · D 74.6% · R 21.0% · Other 4.4%
2008→2024 swing
-5.9pp toward R · 2008: 59.5pp · 2024: 53.6pp
All cycles
2024: D+53.6 2020: D+62.5 2016: D+64.4 2012: D+59.8 2008: D+59.5

Not yet ingested

Civics

Price history

+334.8% since first listed
19 events — show timeline
  • 2026-07-08 Listed $500,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2026-07-08 Listed $500,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2024-07-10 Listing Removed bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2024-07-01 Pending bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2024-06-24 Relisted bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2024-06-03 Pending bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2024-05-28 Relisted bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2024-05-21 Pending bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2024-05-17 Price Changed bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2024-05-06 Listed bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 2019-10-01 Listing Removed SDMLS
  • 2019-06-14 Listed $848,999 SDMLS
  • 2019-04-01 Listing Removed SDMLS
  • 2018-10-10 Listed $875,000 SDMLS
  • 1996-11-13 Sold (Public Records) $99,000 Public Records
  • 1996-11-13 Sold (Public Records) $99,000 Public Records
  • 1996-11-13 Sold (MLS) $99,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 1996-06-12 Listing Removed bridgeMLS, Bay East AOR, or Contra Costa AOR
  • 1996-01-18 Listed $115,000 bridgeMLS, Bay East AOR, or Contra Costa AOR

Property tax history

+15.1%/yr

Latest (2025): $37,867 · +28.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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