558 58Th St Oakland, CA 94609
Well-maintained 7 bed, 5 bath building generating $8,699.99 monthly.
Lot size:
0.16 AcresProperty Features for 558 58Th St
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1940
Source:
Elliman
Listing Agency: RED OAK REALTY Listing Agent: Kevin Cunningham
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oakland Multifamily Building with Income
Located on a tree-lined street near Oakland and Berkeley, this well-maintained building features 7 bedrooms and 5 bathrooms. The property currently generates $8,699.99 per month from four occupied units, consisting of two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. A vacant 1-bedroom/1-bathroom unit is suitable for an owner-occupant or for maximizing market rent. The tenant-occupied units have been updated, and the property includes on-site parking for every unit, plus one bonus parking space, and on-site laundry. The vacant unit retains original features such as a box-beam ceiling in the dining room and hardwood floors, complemented by double-pane windows. The kitchen offers abundant space. The property provides easy access to Rockridge and UC Berkeley. A large unfinished basement presents an opportunity to expand on the building's value. The property is being offered at $290k per unit.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2632777
- Latitude
- 37.8440102
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FAQs
What type of property is this?
Apartment building - Well-maintained 7 bed, 5 bath building generating $8,699.99 monthly.
Where is this apartment building located?
The property is located at 558 58Th St Oakland, CA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: - High Income Potential: Currently generating $8,699.99/month from four units.; - Owner-Occupant Ready: Includes a well-maintained 1/1 unit ideal for owner occupancy.; - On-Site Parking: Provides parking for every unit plus one bonus space.
