3-Unit Multi-Family with Large
1072 56Th St Oakland, CA 94608
New
For Sale
$898,000
Three-unit multifamily property featuring a 3+ bedroom top-floor unit and two ground-floor units, plus a large backyard.
Property Size1,845 SF
Price / SF$486.72
Days on Market3
Property Features for 1072 56Th St
General Information
- Standard status
- Active
- Size
- 1,845 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1899
Listing Agency:
Coldwell Banker Realty
(510) 367-5954
Listed By:
Moe Aliakbar · License #01836628
(510) 367-5954
Source:
Exitrealty
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 23 at 7:30AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 3-unit multi-family property offers a highly functional layout with an expansive top-floor unit featuring 3+ bedrooms and 1.5 bathrooms, complemented by two ground-floor units. The ground level includes a 2+ bedroom, 1-bath unit and a 1-bedroom, 1-bath unit.
The property sits near the Oakland-Emeryville border and is positioned for convenient regional access, with quick access to I-80, I-580, I-24, and the Bay Bridge, plus nearby East Bay public transit.
An expansive lot provides a large backyard for outdoor space and additional site use. The configuration makes this an appealing option for owners seeking a straightforward three-unit rental setup in the East Bay.
The property sits near the Oakland-Emeryville border and is positioned for convenient regional access, with quick access to I-80, I-580, I-24, and the Bay Bridge, plus nearby East Bay public transit.
An expansive lot provides a large backyard for outdoor space and additional site use. The configuration makes this an appealing option for owners seeking a straightforward three-unit rental setup in the East Bay.
Key Highlights
- 3‑unit multifamily property with a 3+ bedroom, 1.5‑bathroom top‑floor unit plus two ground‑floor units
- Ground floor includes a 2+ bedroom, 1‑bathroom unit and a 1‑bedroom, 1‑bathroom unit
- Expansive lot with a large backyard, offering space for potential ADU addition
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.1k | $34.20 |
| − Vacancy | −$2.7k | −$1.46 |
| EGI | $60.4k | $32.74 |
| − OpEx | −$18.1k | −$9.82 |
| NOI | $42.3k | $22.92 |
1,845 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$604.0K
$528.5K – $704.7K
NOI $42,283 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$556.5K
$487.0K – $649.3K
NOI $38,957 @ 7.0% cap · market cap 4.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit multifamily property featuring a 3+ bedroom top-floor unit and two ground-floor units, plus a large backyard.
Where is this triplex located?
The property is located at 1072 56Th St Oakland, CA.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: 3‑unit multifamily property with a 3+ bedroom, 1.5‑bathroom top‑floor unit plus two ground‑floor units; Ground floor includes a 2+ bedroom, 1‑bathroom unit and a 1‑bedroom, 1‑bathroom unit; Expansive lot with a large backyard, offering space for potential ADU addition
