573 59th St - Multi-Family FOR SALE


Oakland, CA 94609- Upper Telegraph
$1,150,000 USD
510-336-4721
573 59th St, Oakland, CA for Sale
$1,150,000 USD
Multi-Family - FOR SALE
1/11
null | 5.41% Cap Rate

573 59th St
Oakland, CA 94609
Upper Telegraph


HIGHLIGHTS

  • Two duplexes on one 6,600 Sq Ft Parcel
  • Recent driveway replacement with new pavers
  • Washer and Dryer hook ups in all units
  • Spacious units of 1,000 Sq Ft +
  • Substantial rental upside
  • Numerous retail and dining options within walking distance

OVERVIEW

Situated in North Oakland on a quiet street, this is a rare 4-unit opportunity featuring two duplexes on one parcel. Two of the units boast original 1920's charm with spacious living area and laundry. With significant rental upside and an appealing owner-occupant potential, investors will appreciate its prime location near Ashby BART and Highway 24, offering easy access to transportation and an array of retail and dining options within walking distance. Located in a dynamic neighborhood, the area offers an eclectic mix of dining, shopping, and entertainment options. Just a short distance from the property, residents can explore the charming shops and cafes of Temescal, or take a leisurely stroll through the scenic pathways of Mosswood Park. With easy access to public transportation and major roadways, this location provides convenience for all residents. Investors seeking a prime location with a compelling local atmosphere will find this area to be an ideal choice for a multifamily investment opportunity.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

4

PRICE/UNIT

$287,500

CAP RATE

5.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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

Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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