1075 53rd St - Apartments FOR SALE


Oakland, CA 94608
$998,000 USD
415-625-2117
1075 53rd St, Oakland, CA for Sale
$998,000 USD
Apartments - FOR SALE
1/27
null | 7.28% Cap Rate

1075 53rd St
Oakland, CA 94608


HIGHLIGHTS

  • Perfect for owner user with large 4bedroom/3bath front unit including renovated kitchen, bathroom, in-unit laundry, and basement.
  • Hardwood floors and great period detail.
  • Added income potential from rear 3bedroom/2bath rear unit.
  • Tons of potential for either first time home buyer, or investor.
  • Two-blocks to Pixar Studios and walking distance to major Emeryville attractions.

OVERVIEW

Property open house and tour of all unit interiors Thursday January 23rd, 2025 5:30 pm sharp. 1075 53rd Street was constructed circa 1912 per property records with wood frame and pitched composite roof. A second rear unit 1077 53rd street appears to be newer construction and was likely added at a later date. The subject property consists of a spacious four-bedroom/three-bath front unit (1075 53rd) with basement and a rear unit of three-bedroom/two baths with a balcony and patio deck (1077 53rd). Currently configured as a duplex the property has three separate electric and two gas meters and appears to originally be zoned as a triplex (buyer to verify with City of Oakland and seller nor agent make any guarantees). The front unit is perfect for an owner/user and contains in-unit washer/dryer, renovated kitchen, renovated bathrooms, hardwood floors, newer appliances and fixtures, and a large basement. The rear unit is in need of renovation and upgrade, and consists has a kitchen and living room, one downstairs bedroom and bathroom, and two upstairs bedrooms with a shared bathroom, and a deck. Both units are currently vacant and will be delivered vacant at the close of escrow. The subject property offers a buyer the opportunity to acquire a well configured property, at a great cost per square foot, with either investment and income potential, or as a wonderful residence walking distance to the greatest highlights of Emeryville. The property is located 2-blocks from Pixar Studios and near retail, commerce, cafés and entertainment. Nearby job centers of Downtown Oakland provide gainful employment, and UC Berkeley is a short drive with an annual enrollment of 45,000 students, thus ensuring the property will experience strong tenant demand.

FOR SALE DETAILS

PRICE

$998,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

2

PRICE/UNIT

$499,000

CAP RATE

7.28%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SHOWING Friday 01/17/2025 9:30 am-10:30 am.

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,310 SF

ZONING

-

APN/PARCEL ID

013-1176-011-02

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.