Victorian Duplex with
For Sale
$699,000
Pending
1040 59th St, Oakland, CA 94608
Two separate residences combine period details with a substantial restoration scope and accessory work space.
Property Size2,790 SF
Lot Size0.16 Acres
Days on Market30
Property Features for 1040 59th St
General Information
Standard status
Pending
Size
2,790 SF
Total Parking Spaces
2
Lot size
0.16 Acres
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
substantial renovation and restoration project
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
sunroom
fireplace
parquet flooring
built-in china cabinet
additional storage
workshop
rear yard
established fig and avocado trees
Building Details
Year Built
1893
Construction
Victorian
Listing Agency:
CENTURY21 REAL ESTATE ALLIANCE
(510) 799-2100
Listed By:
Ellen Horton
(510) 773-6154
Source:
Exprealty
Added: Sep 18
Changed: Oct 3
Last Checked: Oct 16 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY21 REAL ESTATE ALLIANCE
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Investment Insights
Based on property information with market context.
Dating to 1893, this two-unit Victorian duplex contains approximately 2,790 square feet on an approximately 7,000-square-foot lot. Both residences require substantial renovation and restoration. The upper unit has two bedrooms, two bathrooms, high ceilings, a formal dining room, and a sunroom adjoining the living room, which includes a fireplace. Parquet flooring adds to its period character. The lower unit offers two bedrooms, one bathroom, a formal dining room with a built-in china cabinet, and a fireplace.
Additional features include storage, a two-car garage, a workshop, and a rear yard with fig and avocado trees.
Additional features include storage, a two-car garage, a workshop, and a rear yard with fig and avocado trees.
Key Highlights
- 1893 Victorian duplex with approximately 2,790 square feet
- Two units: upper residence has 2 bedrooms and 2 bathrooms; lower residence has 2 bedrooms and 1 bathroom
- Approximately 7,000‑square‑foot lot with rear yard and fig and avocado trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,941
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,820
$1.3M
Cap Rate 7%
$913,443
$913.4K
Cap Rate 9%
$710,456
$710.5K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$95.4K $34.20/SF
− Vacancy
−$4.1K −$1.46/SF
EGI
$91.3K $32.74/SF
− OpEx
−$27.4K −$9.82/SF
NOI
$63.9K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,820
Cap Rate 7%
$913,443
Cap Rate 9%
$710,456
Alternative Uses
Best Use
Multifamily LT 5
$913.4K
$799.3K – $1.07M
NOI $63,941 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$841.6K
$736.4K – $981.9K
NOI $58,911 @ 7.0% cap · market cap 8.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,914
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences combine period details with a substantial restoration scope and accessory work space.
Where is this duplex located?
The property is located at 1040 59th St Oakland, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1893 Victorian duplex with approximately 2,790 square feet; Two units: upper residence has 2 bedrooms and 2 bathrooms; lower residence has 2 bedrooms and 1 bathroom; Approximately 7,000‑square‑foot lot with rear yard and fig and avocado trees
