956 55th St., Oakland, CA 94608 - 40914761

Listing ID : EB40914761

Structure / Lot Size
2,232 Sqft / 0.0300 Acre
Year
1925

Description

In an area where the average home price is $984,000, 956 55th street is something akin to a two-for-one sale. This duplex features a pair of two-bedroom units currently occupied by exceptional, professional tenants who pay their rent promptly every month, lending the current owners income stability and peace of mind. Located in one of North Oakland's up and coming neighborhoods, this is a property that's perfect for investors seeking a no-nonsense investment that delivers reliable cash flow without requiring any regular hassle. Speaking of cash flow, 956 55th street holds tremendous rental upside. The estimated market income as of today is $6,300 per month, a number that could continue to rise so long as the neighborhood continues along its current path of gentrification. The cherry on-top (literally) of this investment opportunity is the brand new roof the owners recently installed, which features solar panels and a 10+ year warranty.

Details

Type: Multi-Family/Income Sale

Subdivision: Oakland Zip Code 94608

County: Alameda

HOA Amenities: None

Security Features: Security Alarm - Leased

Tax ID: 15-1300-3-2

Building Type: Duplex

Building Size: 2,232 SqFt

Amenities: None

Cooling: Air Conditioning - None

Flooring: Tile, Carpet - Wall to Wall

Heating: Wall Furnace

Laundry: Dryer, Washer, Laundry Area - In Unit

Property Type: Commercial Sale

Roof: Other

Sewer: Sewer - Public

Sub Type: Duplex

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956 55th St., Oakland, CA 94608
Directions to here from: 155 mi

Area Information 94608

Population:

30,645 Up .1% since 2010

Average Income:

$97,049

Average Age:

37Years

Gender:

49.4%Male
50.6%Female

Households:

14,46717.79% with children

Average Value:

$822,846

Occupancy:

33.41%Owned
66.59%Rented
10.89%Vacant

Education:

11.78%High School
5.43%Associate
29.83%Bachelor
23.97%Graduate

Average Residency:

19Years

Crime Rate:

Above Average

Annual Rainfall:

21.33Inches

Earthquake Risk:

Very High

Ozone Risk:

Average

Pollution Risk:

Average

Tornado Risk:

Very Low

History

Date	Transaction	Price	Mortgage Amt & Lender
Date Mar 09, 2021	Transaction Sold - Residential Income (2-4 units)BE40343680	Price $200,000	Mortgage Amt & Lender - -
Date Feb 25, 2021	Transaction Sold - Residential Income (2-4 units)EB40914761	Price $700,000	Mortgage Amt & Lender - -
Date Jan 05, 2021	Transaction Canceled - Residential Income (2-4 units)BE40235529	Price $540,000	Mortgage Amt & Lender - -
Date Jan 05, 2021	Transaction Canceled - Residential Income (2-4 units)BE40242101	Price $540,000	Mortgage Amt & Lender - -
Date Jan 05, 2021	Transaction Expired - Residential Income (2-4 units)BE40176739	Price $600,000	Mortgage Amt & Lender - -
Date Jan 05, 2021	Transaction Expired - Residential Income (2-4 units)BE40207512	Price $575,000	Mortgage Amt & Lender - -
Date Feb 20, 2018	Transaction Sold - Residential Income (2-4 units)EB40811040	Price $700,000	Mortgage Amt & Lender - -
Date Feb 23, 2017	Transaction Canceled - Residential Income (2-4 units)EB40247382	Price $519,000	Mortgage Amt & Lender - -
Date Feb 23, 2017	Transaction Canceled - Residential Income (2-4 units)EB40254790	Price $479,000	Mortgage Amt & Lender - -

Mortgage Calculator

Listed by JOEY WANG with KELLER WILLIAMS REALTY

Based on information from the MLSListings MLS) as of 5/25/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 5/25/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2022 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes

Office: 888-603-IPRO

956 55th St. - $700,000