Active
1066 54Th St
Oakland CA, 94608
$995,000
$245.68 per sqft
Active
4,050 sqft
Multi-family
Built in 1908
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.
41078637
MLSⓇ ID
November 10, 2024
Listed
December 30, 2024
Updated
Map
1066 54Th St
Oakland CA, 94608
Interior Features
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.11 Acres
Exterior Features
Other
Lot Features
Other
Other Property Details
Area Name
Oakland
Garage
No
Parking
Other
View
No
County
Alameda
Pool
No
Listed by David Howarth with The Pinza Group, Inc
Listing Contact: 510-822-1331
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