14
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$1,299,000
Est. payment /mo
5,810 Sqft Lot
New
901 55Th St Oakland, CA 94608
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Santa Fe
MLS Listing ID 41149668
HOA Y/N No
Year Built 1966
Lot Size 5,810 Sqft
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
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 2
Building
Lot Description Corner Lot
Others
Tax ID 141191205
Listed by Michael Braillard Corcoran Icon Properties #01369899
NEARBY SCHOOL & BUSINESS