585 56th Street

Oakland, CA 94609

$1,280,000
Last Sold Price
3
Beds
3
Baths
2,000 Sq. Ft.
$640 / Sq. Ft.
2,000
Sq. Ft.
$640
per Sq. Ft.

Description

Lovely home plus duplex in rear for income. The front house has been completely renovated including a new foundation, kitchen, baths, etc. The rear duplex generates $3710 income monthly, most of which is guaranteed income. Income will pay most of mortgage. Property is sewer lateral and sidewalk compliant and has a low termite report. Great North Oakland location close to UC Berkeley, Bart and Temescal shopping district. Both duplex units have also been recently upgraded. Perfect home or investment....Lovely home plus duplex in rear for income. The front house has been completely renovated including a new foundation, kitchen, baths, etc. The rear duplex generates $3710 income monthly, most of which is guaranteed income. Income will pay most of mortgage. Property is sewer lateral and sidewalk compliant and has a low termite report. Great North Oakland location close to UC Berkeley, Bart and Temescal shopping district. Both duplex units have also been recently upgraded. Perfect home or investment. Lower unit is one bedroom, upper unit has 1+ bedrooms. There is a garage for a small car or storage.
  1. Listed by ANNE BRUFF • DRE #00517413 • ANNE BRUFF & ASSOCIATES

Property Details for 585 56th Street

City
OAKLAND
Dist Neighborhood Subdiv
NORTH OAKLAND
Building Type
2HOUSES-1LOT
Property Sub Type
2HOUSES-1LOT
View
Other
Park Spaces Total
3

Location

Listing Courtesy of ANNE BRUFF & ASSOCIATES, ANNE BRUFF, DRE #00517413

Sold By Real Brokerage Technologies, Michael Beckman, DRE #02100812

Add your commute
LISTING UPDATED: 10/09/2020 11:36 AM

Property Details for 585 56th Street

StatusSold
MLS #40915584
Days on Compass11
Taxes$18,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeRESIDENTIAL INCOME / 2HOUSES-1LOT
Year Built1924
Lot Size0.10 AC / 4,400 SF
CountyAlameda County

Location

Listing Courtesy of ANNE BRUFF & ASSOCIATES, ANNE BRUFF, DRE #00517413

Sold By Real Brokerage Technologies, Michael Beckman, DRE #02100812

Add your commute

Building Information for 585 56th Street

Stories-Residences3Year Built1924Building Size-Lot Size0.10 AC / 4,400 SF

Payment Calculator

$8,527 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,985

Property Taxes

$1,542

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 585 56th Street

Features
Feature Details
  • Flooring: Hardwood Floors, Vinyl
  • Laundry: Inside Unit
Utility Details
  • Cooling: Other
  • Heating: Gas
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Dryer, Washer, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: 2 Houses / 1 Lot
  • Lot Sq Ft Apx: 4400
  • Lot Size Square Feet: 4400.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 2000
  • Yard Description: Back Yard, Front Yard, Sprinklers Automatic
  • Year Built: 1924
  • Acres: 0.1
Location Details
  • Directions to Property: Between Shattuck and Telegraph
  • FIPS Code: 06001
  • Printed Neighborhood Rpt: No
  • Board ID: OAKLAND BERKELEY
Multi Family Information
General Details
  • All Units Have: Updated Baths, Updated Kitchen
  • Some Units Have: Dishwasher, Disposal
  • Units Total: 3
  • Basement: None
  • Parking Description: Space Per Unit - 1
  • Separate Meters: Electric, Gas
  • Existing Lease Terms: Security Deposit, Year Lease
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Income / Expense Details
  • Annual Expense Year: 2020
  • Annual Taxes $: $18,500
  • Annual Gross Fee Income: $44,800
  • Annual Gross Sched Income: $44,580
  • Annual Miscellaneous Income: $0
  • Annual Rental Income: $44,500
  • Gross Oper Income (Act): $44,580
  • Net Operating Income: $999
  • Annual Insurance Expense: $3,300
  • Annual License Expense: $622
  • Annual Maintance Expense: $1,000
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $33,000
  • Annual Utility Expense: $7,000
  • Annual Vacancy Expense: $0
  • Operating Expenses: Garbage Collection, Insurance, License/Ads, Maintenance/Repair, Property Tax/Assessments, Water
  • Other Annual Expense: $0
Unit 1 Details
  • Unit #/Address - 1: 585
  • Occupied By 1: Vacant
  • Dining Room 1: No
  • Air Cond 1: No
  • Fireplace 1: No
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 2
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Apx Sq Ft 1: 900
Unit 2 Details
  • Unit #/Address - 2: 583A
  • Occupied By 2: Tenant
  • Dining Room 2: No
  • Air Cond 2: No
  • Fireplace 2: No
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Apx Sq Ft 2: 450
  • Rent 2: 1855
Unit 3 Details
  • Unit #/Address - 3: 583 B
  • Occupied By 3: Tenant
  • Dining Room 3: No
  • Air Cond 3: No
  • Fireplace 3: No
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 1+
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Apx Sq Ft 3: 550
  • Rent 3: 1855
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: None
  • Total Deposits: 4000
Additional Information
Additional Information
  • Fireplace: No

Property History for 585 56th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 585 56th Street

Taxable ValueLand$399,513Additions$932,198Total$1,331,711
Tax Record2023$21,187 ($1,766 / month)
Home Facts
Total Finished SqFt1,513 SqFtAbove Grade Finished SqFt1,513 SqFtStories1Lot Size4,400 SqFtStyleTriplexYear Built1924CountyALAMEDAAPN14-1222-27

Schools near 585 56th Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Peralta Elementary School
PublicK to 5

Claremont Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Oakland International High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ANNE BRUFF & ASSOCIATES, ANNE BRUFF, DRE #00517413

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.