59 10th St
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59 10th St
12 Unit Block of Flats £2,267,054 (£188,921/Unit) 6.17% Net Initial Yield Oakland, CA 94607
Investment Highlights
- 4-room 1 bedroom units
- Separate PG&E meters
- Gas wall heaters
- No shared walls
- Separate water meters
- 2 bedroom conversion potential
Executive Summary
59 10th Street is a charming 12-unit, 10,806 square foot wood-framed apartment building, built in 1912. With its historic character and period details, the building exudes a sense of timeless elegance. Each spacious four-room unit—comprised of a kitchen, living room, bedroom, and den—offers abundant natural light and versatile living space, providing an ideal canvas for potential conversion into two-bedroom layouts. The property is thoughtfully designed, with each unit separately metered for PG&E and water, complemented by individual heating systems and water heaters. The building doesn't have an elevator or any required landscaping. All of these features contribute to its remarkably low historical operating expenses. 59 10th Street offers a blend of vintage charm and practical functionality to create a unique living experience in the heart of Oakland. 59 Tenth Street has been significantly upgraded. The building has been seismically retrofitted. The roof is new and well sloped for drainage. The exterior has been painted and many of the apartments have been remodeled. Also, the Henry J. Kaiser Convention Center is being renovated adding new theaters, performing arts spaces and office space.
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Property Facts
Price | £2,267,054 | Apartment Style | Low Rise |
Price Per Unit | £188,921 | Building Class | C |
Sale Type | Investment | Lot Size | 0.11 AC |
Net Initial Yield | 6.17% | Building Size | 10,806 SF |
Gross Rent Multiplier | 11.14 | Average Occupancy | 92% |
No. Units | 12 | Number of Floors | 3 |
Property Type | Residential | Year Built | 1912 |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Price | £2,267,054 |
Price Per Unit | £188,921 |
Sale Type | Investment |
Net Initial Yield | 6.17% |
Gross Rent Multiplier | 11.14 |
No. Units | 12 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.11 AC |
Building Size | 10,806 SF |
Average Occupancy | 92% |
Number of Floors | 3 |
Year Built | 1912 |
Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Tile Floors
- Kitchen
- Wooden Floors
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 12 | - | 775 |
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (85)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
Parcel Number | 002-0093-004-00 | Improvements Assessment | £1,316,437 |
Land Assessment | £683,272 | Total Assessment | £1,999,709 |
PROPERTY TAXES
Parcel Number
002-0093-004-00
Land Assessment
£683,272
Improvements Assessment
£1,316,437
Total Assessment
£1,999,709
zoning
Zoning Code | S2/S4, Oakland |
S2/S4, Oakland |
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59 10th St
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