1066 54th St, Oakland
Oakland Home For Sale
$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.
Property Details
Additional Information
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- City:
- Oakland
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- County:
- Alameda
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- Zip:
- 94608
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- MLS® #:
- 41065803
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- Lot Size:
- 0.11
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- HOA Dues:
- $
Price Change History for 1066 54th St, Oakland, (MLS® #41065803)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,150,000) | $1,050,000 | $100,000 (8.70%) |
Based on information from California Regional Multiple Listing Service, Inc. as of August 4th, 2024 at 5:40am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.