823-825 55th St - Apartments FOR SALE


Oakland, CA 94608- Santa Fe
$1,750,000 USD
707-363-2463
823-825 55th St, Oakland, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/25
null | 6.48% Cap Rate

823-825 55th St
Oakland, CA 94608
Santa Fe


HIGHLIGHTS

  • Six-unit multifamily property totaling ±4,926 square feet on a ±5,000-square-foot lot in North Oakland’s coveted Bushrod neighborhood
  • Desirable mix of large 1BD and 2BD units split between a front fourplex and rear duplex
  • Fully remodeled units featuring in-unit washers and dryers while preserving classic turn-of-the-century architectural charm
  • Significant capital improvements, including new electrical and plumbing, new windows, exterior paint, and a new roof on the rear building
  • Prime location between Temescal, Rockridge, and Berkeley with walkable access to cafés, parks, and cultural amenities
  • Near Ashby and MacArthur BART stations, AC Transit lines, and surrounded by average household incomes exceeding $160,000 within one mile

OVERVIEW

The Mitchell Warren Team is pleased to present 823–825 55th Street, a ±4,926-square-foot, six-unit multifamily property located in the heart of North Oakland’s coveted Bushrod neighborhood. The property consists of a front fourplex and a rear duplex, offering a desirable mix of spacious two-bedroom and one-bedroom units. Each unit has been fully remodeled and features in-unit washers and dryers, blending classic turn-of-the-century architecture with modern upgrades. Recent capital improvements include new electrical and plumbing, new windows, exterior paint, and a new roof on the rear building. With strong in-place income and minimal deferred maintenance, this asset offers excellent cash flow and represents a true turnkey opportunity for the next investor. 823–825 55th Street is located in Oakland’s Bushrod neighborhood, a highly desirable enclave between the Temescal and Rockridge districts, and just blocks from the Berkeley border. This central location offers tenants the best of North Oakland living—easy access to College Avenue and Telegraph Avenue amenities, proximity to UC Berkeley, and a vibrant mix of cafés, parks, and cultural hotspots. With walkable access to multiple AC Transit lines and close proximity to both Ashby and MacArthur BART stations, the property enjoys excellent regional connectivity.  Average household incomes exceeding $160,000 within a one-mile radius. Whether targeting long- term tenants or appealing to young professionals and students, this location offers unmatched lifestyle convenience and long-term rent growth potential.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

6.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Electrical and Plumbing | Renovated Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

R-40, Oakland

APN/PARCEL ID

014-1199-027-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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