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Alliance Bay Realty
901 55th St, Oakland, CA 94608
- $1,299,000
- 5,024
- SqFt
- List Price
- $1,299,000
- Days on Market
- 6
- MLS#
- 41149754
- Living Sq. Ft
- 5,024
- Lot Size
- 5,809
- Type
- Multifamily
- Zip
- 94608
- city
- Oakland
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.
Additional Information
- Exterior
- Stone, Stucco
- Building Type
- Other
- Garageparking
- Carport - 2 Or More
- Laundry
- Laundry Room
- Lot Description
- Corner Lot
- Neighborhood
- Santa Fe
- Heating
- Wall Furnace
- Cooling
- No Air Conditioning
- Year Built
- 1966
- Water Sewer
- Public
- Flooring
- Hardwood, Laminate, Tile, Carpet
- Acres
- 0.13
- Roof
- Tar/Gravel, Bitumen
Mortgage Calculator
Listing courtesy of Michael Braillard from Corcoran Icon Properties. 925-570-7099
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