1066 54th St Oakland, CA 94608

Huge North Oakland investment with strong current income and excellent rental upside. Current cap rate is 8.0% and the current GRM is 7.31. The property offers a total of five units consisting of a 4bd/1.5bth top-floor flat, a 2bd/1bth lower level flat, a 2bd/1bth attic unit, and two studio units in the rear building. The property was originally built in 1908, offers approximately 4,050 square feet of living space, and sits on a 5,000 square foot lot with ample room for parking. The top flat and back studio unit can be delivered vacant making it perfect for an owner-occupant or investor seeking high market rents. Many of the units have been updated over time and offer newer kitchens and bathrooms, hardwood floors, newer paint, classic Victorian architecture, custom molding, and more. There is a nice backyard area that’s perfect for gardening, BBQs, etc. This North Oakland location is near countless restaurants, coffee shops, grocery stores and shopping and only a short commute to Downtown Oakland, Temescal, Emeryville, Berkeley, and San Francisco.