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Listed by Michael Braillard, DRE #01369899 • Corcoran Icon Properties
$ 1,299,000
Est. payment /mo
New
901 55Th St Oakland, CA 94608
6 Beds
5 Baths
5,024 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,024 sqft
Price per Sqft $258
MLS Listing ID BE41149668
Bedrooms 6
Year Built 1966
Lot Size 5,809 Sqft
Property Sub-Type Five or More Units
Source Bay East
Property Description
Excellent opportunity to acquire a fully tenant-occupied five-unit property in a highly desirable and convenient North Oakland location. Generating $10,141 in monthly rental income ($121,692 annually), this income-producing property features spacious units, several of which have been extensively updated. Additional highlights include a common laundry room with existing hookups, offering the opportunity to install machines and create an additional income stream, as well as easy-care landscaping. A tenant-maintained vegetable garden is anticipated to be converted to drought-resistant landscaping. Ideally located near AC Transit and Transbay bus service, with convenient access to BART, Temescal, Rockridge, and the shopping, dining, and neighborhood amenities along Telegraph Avenue and College Avenue. Easy access to Berkeley, Emeryville, and other major Bay Area destinations. A compelling opportunity for investors seeking a fully occupied multifamily property with established rental income in a sought-after Oakland location.
Location
State CA
County Alameda
Area Oakland Zip Code 94608
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile, Carpet - Wall to Wall, Wood
Exterior
Parking Features Parking Area
Garage Spaces 2.0
Roof Type Tar and Gravel
Others
Tax ID 141-191-205
Special Listing Condition New, Not Applicable
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