Property Description

Huge North Oakland investment with strong current income and excellent rental upside. Current cap rate is 8.0% and the current GRM is 7.31. The property offers a total of five units consisting of a 4bd/1.5bth top-floor flat, a 2bd/1bth lower level flat, a 2bd/1bth attic unit, and two studio units in the rear building. The property was originally built in 1908, offers approximately 4,050 square feet of living space, and sits on a 5,000 square foot lot with ample room for parking. The top flat and back studio unit can be delivered vacant making it perfect for an owner-occupant or investor seeking high market rents. Many of the units have been updated over time and offer newer kitchens and bathrooms, hardwood floors, newer paint, classic Victorian architecture, custom molding, and more. There is a nice backyard area that’s perfect for gardening, BBQs, etc. This North Oakland location is near countless restaurants, coffee shops, grocery stores and shopping and only a short commute to Downtown Oakland, Temescal, Emeryville, Berkeley, and San Francisco.

Features
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Address Map
CA
Alameda
Oakland
94608
1066 54Th St
0
W123° 43' 9.9''
N37° 50' 17.2''
San Pablo Ave right on 54th St
MLS Addon
The Pinza Group, Inc
David Howarth
david@pinzagroup.com
: Other
R01360348
OBPINZA
: Other
: Public

Residential Income For Sale

1066 54Th St, Oakland, California 94608

4,050 Sqft
$995,000
Listing ID #41078637
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 41078637
Price : $995,000
Square Footage : 4,050 Sqft
Year Built : 1908
Lot Area : 5,000 Sqft
Status : New
Property SubType : Triplex
Agent info
Michael Roberts
Contact Agent