956 55th St., Oakland, CA 94608 - 40914761 - iPro Real Estate
iPro Real Estate

iPro Real Estate

956 55th St.
Oakland, CA 94608

Sold, Multi-Family/Income Sale

For Sale

$700,000 $313.62 per sqft

Free Professional CMA

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 

Show More

Interactive

37.83905 -122.274666 $700,000 40914761
956 55th St., Oakland, CA 94608
Directions to here from:

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