956 55th Street

Oakland, CA 94608

$700,000
Last Sold Price
4
Beds
4
Baths
2,232 Sq. Ft.
$314 / Sq. Ft.
2,232
Sq. Ft.
$314
per Sq. Ft.

Description

In an area where the average home price is $984,000, 956 55th street is something akin to a two-for-one sale. This duplex features a pair of two-bedroom units currently occupied by exceptional, professional tenants who pay their rent promptly every month, lending the current owners income stability and peace of mind. Located in one of North Oakland’s up and coming neighborhoods, this is a property that’s perfect for investors seeking a no-nonsense investment that delivers reliable cash flow without...In an area where the average home price is $984,000, 956 55th street is something akin to a two-for-one sale. This duplex features a pair of two-bedroom units currently occupied by exceptional, professional tenants who pay their rent promptly every month, lending the current owners income stability and peace of mind. Located in one of North Oakland’s up and coming neighborhoods, this is a property that’s perfect for investors seeking a no-nonsense investment that delivers reliable cash flow without requiring any regular hassle. Speaking of cash flow, 956 55th street holds tremendous rental upside. The estimated market income as of today is $6,300 per month, a number that could continue to rise so long as the neighborhood continues along its current path of gentrification. The cherry on-top (literally) of this investment opportunity is the brand new roof the owners recently installed, which features solar panels and a 10+ year warranty.
  1. Listed by JOEY WANG • DRE #01890931 • KELLER WILLIAMS REALTY

Property Details for 956 55th Street

City
OAKLAND
Building Type
DUPLEX
Property Sub Type
DUPLEX
Park Spaces Total
0

Location

Listing Courtesy of KELLER WILLIAMS REALTY, JOEY WANG, DRE #01890931

Sold By KELLER WILLIAMS REALTY, JOEY WANG, DRE #01890931

Add your commute
LISTING UPDATED: 09/28/2020 08:31 AM

Property Details for 956 55th Street

StatusSold
MLS #40914761
Days on Compass18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1925
Lot Size0.03 AC / 1,480 SF
CountyAlameda County

Location

Listing Courtesy of KELLER WILLIAMS REALTY, JOEY WANG, DRE #01890931

Sold By KELLER WILLIAMS REALTY, JOEY WANG, DRE #01890931

Add your commute

Building Information for 956 55th Street

Stories-Residences2Year Built1925Building Size-Lot Size0.03 AC / 1,480 SF

Payment Calculator

$4,844 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,820

Property Taxes

$1,024

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 956 55th Street

Features
Feature Details
  • Flooring: Carpet, Tile
  • Laundry: Dryer, Inside Unit, Washer
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Fireplace(s), Wall Furnace
  • Water/Sewer: Sewer System - Public
  • Energy Saving Feature: Solar Power, Water Heater
  • Solar: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Dryer, Security Alarm - Leased, Washer, Tankless Water Heater, Carbon Mon Detector, Smoke Detector, Solar, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame
  • Lot Description: None
  • Lot Sq Ft Apx: 1480
  • Lot Size Square Feet: 1480.0
  • Roof: Other
  • Sq Ft Apx: 2232
  • Yard Description: Fenced, Back Yard Fence
  • Year Built: 1925
  • Zoning: 1001
  • Acres: 0.03
Location Details
  • Directions to Property: Go up Adeline and turn left on 55th St.
  • FIPS Code: 06001
  • Parcel Number: 15-1300-3-2
  • Printed Neighborhood Rpt: Yes
  • Board ID: OAKLAND BERKELEY
Multi Family Information
General Details
  • All Units Have: Dishwasher, Disposal
  • Some Units Have: Dishwasher, Fireplaces
  • Units Total: 2
  • Basement: None
  • Parking Description: Street Parking
  • Separate Meters: Electric, Gas, Water
  • Existing Lease Terms: Month to Month
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Owner, Projected
Income / Expense Details
  • Annual Expense Year: 0
  • Annual Taxes $: $0
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $44,043
  • Annual Miscellaneous Income: $0
  • Annual Rental Income: $0
  • Gross Oper Income (Act): $0
  • Net Operating Income: $0
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maintance Expense: $0
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $0
  • Annual Utility Expense: $0
  • Annual Vacancy Expense: $0
  • Other Annual Expense: $0
Unit 1 Details
  • Unit #/Address - 1: 954
  • Occupied By 1: Tenant
  • Bedrooms 1: 2
  • Bathrooms 1: 2
  • Apx Sq Ft 1: 886
  • Rent 1: 1912
Unit 2 Details
  • Unit #/Address - 2: 956
  • Occupied By 2: Tenant
  • Bedrooms 2: 2
  • Bathrooms 2: 2
  • Apx Sq Ft 2: 897
  • Rent 2: 1758
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: None
  • Total Deposits: 0
Additional Information
Additional Information
  • Fireplace: No

Property History for 956 55th 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 956 55th Street

Taxable ValueLand$218,484Additions$509,796Total$728,280
Tax Record2023$12,292 ($1,024 / month)
Home Facts
Total Finished SqFt2,232 SqFtAbove Grade Finished SqFt2,232 SqFtStories2Lot Size1,480 SqFtStyleDuplexYear Built1925CountyALAMEDAAPN15-1300-3-2

Schools near 956 55th 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
Charter - K to 8
Rating
School
Distance
Sankofa United Elementary School
PublicK to 5

Claremont Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

North Oakland Community Charter School
CharterK to 8

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 KELLER WILLIAMS REALTY, JOEY WANG, DRE #01890931

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.