1075-1077 53rd Street, Oakland, CA | 1075 53rd St
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1075-1077 53rd Street, Oakland, CA 1075 53rd St
2 Unit Block of Flats £796,254 (£398,127/Unit) 7.28% Net Initial Yield Oakland, CA 94608
Investment Highlights
- Perfect for owner user with large 4bedroom/3bath front unit including renovated kitchen, bathroom, in-unit laundry, and basement.
- Added income potential from rear 3bedroom/2bath rear unit.
- Two-blocks to Pixar Studios and walking distance to major Emeryville attractions.
- Hardwood floors and great period detail.
- Tons of potential for either first time home buyer, or investor.
Executive Summary
1075 53rd Street was constructed circa 1912 per property records with wood frame and pitched composite roof. A second rear unit 1077 53rd street appears to be newer construction and was likely added at a later date. The subject property consists of a spacious four-bedroom/three-bath front unit (1075 53rd) with basement and a rear unit of three-bedroom/two baths with a balcony and patio deck (1077 53rd).
Currently configured as a duplex the property has three separate electric and two gas meters and appears to originally be zoned as a triplex (buyer to verify with City of Oakland and seller nor agent make any guarantees). The front unit is perfect for an owner/user and contains in-unit washer/dryer, renovated kitchen, renovated bathrooms, hardwood floors, newer appliances and fixtures, and a large basement.
The rear unit is in need of renovation and upgrade, and consists has a kitchen and living room, one downstairs bedroom and bathroom, and two upstairs bedrooms with a shared bathroom, and a deck. Both units are currently vacant and will be delivered vacant at the close of escrow. The subject property offers a buyer the opportunity to acquire a well configured property, at a great cost per square foot, with either investment and income potential, or as a wonderful residence walking distance to the greatest highlights of Emeryville. The property is located 2-blocks from Pixar Studios and near retail, commerce, cafés and entertainment.
Nearby job centers of Downtown Oakland provide gainful employment, and UC Berkeley is a short drive with an annual enrollment of 45,000 students, thus ensuring the property will experience strong tenant demand.
Currently configured as a duplex the property has three separate electric and two gas meters and appears to originally be zoned as a triplex (buyer to verify with City of Oakland and seller nor agent make any guarantees). The front unit is perfect for an owner/user and contains in-unit washer/dryer, renovated kitchen, renovated bathrooms, hardwood floors, newer appliances and fixtures, and a large basement.
The rear unit is in need of renovation and upgrade, and consists has a kitchen and living room, one downstairs bedroom and bathroom, and two upstairs bedrooms with a shared bathroom, and a deck. Both units are currently vacant and will be delivered vacant at the close of escrow. The subject property offers a buyer the opportunity to acquire a well configured property, at a great cost per square foot, with either investment and income potential, or as a wonderful residence walking distance to the greatest highlights of Emeryville. The property is located 2-blocks from Pixar Studios and near retail, commerce, cafés and entertainment.
Nearby job centers of Downtown Oakland provide gainful employment, and UC Berkeley is a short drive with an annual enrollment of 45,000 students, thus ensuring the property will experience strong tenant demand.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2025) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £796,254 | Property Subtype | Apartment |
Price Per Unit | £398,127 | Lot Size | 0.10 AC |
Sale Type | Investment | Building Size | 3,122 SF |
Net Initial Yield | 7.28% | Average Occupancy | 0% |
Gross Rent Multiplier | 9.79 | Number of Floors | 2 |
No. Units | 2 | Year Built | 1912 |
Property Type | Residential |
Price | £796,254 |
Price Per Unit | £398,127 |
Sale Type | Investment |
Net Initial Yield | 7.28% |
Gross Rent Multiplier | 9.79 |
No. Units | 2 |
Property Type | Residential |
Property Subtype | Apartment |
Lot Size | 0.10 AC |
Building Size | 3,122 SF |
Average Occupancy | 0% |
Number of Floors | 2 |
Year Built | 1912 |
Unit Amenities
- Dishwasher
- Washer/Dryer Hookup
- Basement
- Deck
- Patio
- Large Bedrooms
Site Amenities
- Laundry Facilities
- Gas Range
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
4+3 | 1 | £4,225 | 1,800 |
3+2 | 1 | £2,553 | 1,322 |
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1075-1077 53rd Street, Oakland, CA | 1075 53rd St
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