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.
Off market
Zestimate®
$778,900
956 55th St, Oakland, CA 94608
4beds
4baths
2,232sqft
MultiFamily
Built in 1925
-- sqft lot
$778,900 Zestimate®
$349/sqft
$3,198 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Washer
- Laundry: In Unit
Features
- Flooring: Tile, Carpet
- Has fireplace: Yes
- Fireplace features: Fireplaces
Interior area
- Total interior livable area: 2,232 sqft
Property
Features
- Exterior features: Stucco, Wood
- Fencing: Fenced
Lot
- Size: 1,481 sqft
Details
- Parcel number: 15130032
- Zoning: 1001
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
- Roof: Other
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
Green energy
- Energy efficient items: Water Heater, Solar Power
- Energy generation: Solar Power
Community & neighborhood
Security
- Security features: Security System Leased
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 3670
Other
Other facts
- Sewer: Public Sewer
- Flooring: Carpet, Tile
- Roof: Other
- Appliances: Dishwasher, Disposal, Dryer, Washer, Tankless Water Heater
- HeatingYN: true
- NumberOfUnitsTotal: 2
- ConstructionMaterials: Stucco, Wood Frame
- Fencing: Fenced
- LeaseTerm: Month To Month
- GreenEnergyEfficient: Water Heater, Solar Power
- MaintenanceExpense: 0
- TenantPays: Electricity, Gas, Water
- Heating: Wall Furnace
- InsuranceExpense: 0
- LaundryFeatures: In Unit
- SecurityFeatures: Security System Leased
- ProfessionalManagementExpense: 0
- VacancyAllowance: 0
- Zoning: 1001
- FireplaceFeatures: Fireplaces
- Cooling: No Air Conditioning
- GreenEnergyGeneration: Solar Power
- MlsStatus: Pending
- GrossScheduledIncome: 44043
- TotalActualRent: 3670
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Estimated market value
$778,900