901 55Th St, Oakland, CA 94608
- $1,299,000
Listed by Michael Braillard, (925) 570-7099 from Corcoran Icon Properties
(If provided) CoList: Shalene Rose from Corcoran Icon Properties
- List Price
- $1,299,000
- MLS#
- BE41149668
- Status
- ACTIVE
- Lot Size
- 5,809
- Listing Area
- Oakland Zip Code 94608
- Year Built
- 1966
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.
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Additional Information
- Acres
- 0.13
- Amenities
- Balcony/Patio, Other
- Cooling System
- None
- Days On Market
- Unknown
- Floor Covering
- Laminate, Tile, Carpet - Wall to Wall, Wood
- Garage Parking
- Parking Area
- Heating System
- Wall Furnace
- Lot Size
- 5,809
- Neighborhood
- Oakland Zip Code 94608
- Numberof Units
- 5
- Roof
- Tar and Gravel
- Unincorporated Yn
- Yes
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