Multifamily Property with
For Sale
$1,299,000
901 55Th St, Oakland, CA 94608
The property includes a parking lot, carport, garden, and wall furnace heating.
Property Size5,024 SF
Price / SF$258.56
Days on Market8
Property Features for 901 55Th St
General Information
Standard status
Active
Size
5,024 SF
Property subtype
Residential Income
Amenities
Other
Wall Furnace
Parking Lot, Carport
Garden
Building Details
Building Size
5,024 SF
Year Built
1966
Listed By:
Michael Braillard · License #1369899
(925) 570-7099
Source:
Evrealestate
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 5 at 6:27PM
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 Michael Braillard
Investment Insights
Based on property information with market context.
This multifamily property contains 5,024 square feet and was built in 1966. Interior features include wall furnace heating, while the exterior includes a parking lot, a carport, and a garden.
Located in Oakland, Alameda County, the property is at 901 55th St.
Located in Oakland, Alameda County, the property is at 901 55th St.
Key Highlights
- 5,024‑square‑foot multifamily property
- Built in 1966
- Exterior parking lot and carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,082
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,121,640
$2.1M
Cap Rate 7%
$1,515,457
$1.5M
Cap Rate 9%
$1,178,689
$1.2M
Market Conditions
NOI Build-Up for 5,024 SF
Gross rent
$202.0K $40.20/SF
− Vacancy
−$9.1K −$1.81/SF
EGI
$192.9K $38.39/SF
− OpEx
−$86.8K −$17.28/SF
NOI
$106.1K $21.12/SF
Area
Oakland, CA
Vacancy
4.50%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,121,640
Cap Rate 7%
$1,515,457
Cap Rate 9%
$1,178,689
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,082 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.64M
$1.44M – $1.92M
NOI $115,139 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,640
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - The property includes a parking lot, carport, garden, and wall furnace heating.
Where is this multifamily property located?
The property is located at 901 55Th St Oakland, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 5,024‑square‑foot multifamily property; Built in 1966; Exterior parking lot and carport
