1066 54th St, Oakland

$1,050,000

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0.11

Acres

About 1066 54th St

$200,000 price reduction! Huge North Oakland investment with strong current income and excellent rental upside. Current cap rate: 6.95%, ProForma cap rate: 10.50, Current GRM: 10.09, ProForma GRM:7.31. The property offers one 4bd/1.5bth unit, two 2bd/1bth units, and two studio units. The building 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 level 4bd/1bth unit will be delivered vacant at closing and is perfect for an owner-occupant or investor seeking high market rents. Many of the units are remodeled and offer updated kitchens and bathrooms, hardwood floors, newer paint, classic Victorian architecture, custom molding, and more. The property is low maintenance and easy to manage providing for low annual operating expenses. This is a great NOBE location close to countless restaurants, coffee shops, grocery stores, Temescal, Berkeley, Emeryville, and multiple BART stations. This is a perfect opportunity for an owner-occupant or investor to acquire a turn-key property in one of Oakland's best neighborhoods with excellent long-term potential.

Features of 1066 54th St

MLS® # 41065803
Price $1,050,000
Bathrooms 0.00
Acres 0.11
Year Built 1908
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 1066 54th St
City Oakland
County Alameda
Zip Code 94608

Amenities

Parking Spaces 5
Parking Other
Garages Other
Is Waterfront No
Has Pool No

Interior

Heating See Remarks
Cooling See Remarks
Has Basement No
Fireplace No

Exterior

Exterior Other
Construction Other

Additional Information

Date Listed July 9th, 2024
Days on Market 14
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDavid Howarth
OfficeThe Pinza Group, Inc

Listing Map

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