Six-Unit Apartment
For Sale
$1,050,000
822 56th St, Oakland, CA 94608
Classic 1912 construction offers five studios and a two-bedroom residence in North Oakland.
Property Size3,092 SF
Days on Market48
Property Features for 822 56th St
General Information
Standard status
Active
Size
3,092 SF
Class
C
Property subtype
Multi-Family
Financials
Cap Rate
5.56%
Gross Rent Multiplier
10.66
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
5 x studio, 1 x 2BR/1BA
Multifamily Units
6
Amenities
private washer and dryer
Building Details
Building Size
3,092 SF
Year Built
1912
Buildings
1
Units
6
Listing Agency:
Kite Hill Real Estate
Listed By:
Jatin Mehta · License #02045713
(415) 795-2797
Source:
Commercialcafe
Added: Sep 1
Changed: Oct 4
Last Checked: Oct 16 at 5:54AM
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 Kite Hill Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1912, this apartment property comprises five studio units and one two-bedroom, one-bath unit. The two-bedroom residence and one studio are situated on the ground floor, with four studios above. The two-bedroom unit includes a private washer and dryer. Recent capital work includes stairway painting, side-shingle repairs and replacements, landscaping improvements, partial electrical updates, and selected replacements of windows, kitchen countertops, flooring, and water heaters.
The property is located at 822 56th St in North Oakland, near Berkeley and the Temescal district. Highways 24 and 580 provide regional access, while public transportation, coffee shops, and essential services are within walking distance. Walk Score is 90, Transit Score is 62, and Bike Score is 100. The asset reports a 10.66 GRM and a 5.56% CAP rate.
The property is located at 822 56th St in North Oakland, near Berkeley and the Temescal district. Highways 24 and 580 provide regional access, while public transportation, coffee shops, and essential services are within walking distance. Walk Score is 90, Transit Score is 62, and Bike Score is 100. The asset reports a 10.66 GRM and a 5.56% CAP rate.
Key Highlights
- Five studios plus one 2‑bedroom, 1‑bath unit
- Ground‑floor 2‑bedroom unit includes a private washer and dryer
- Built in 1912 with classic architectural character
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,288
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,760
$1.3M
Cap Rate 7%
$932,686
$932.7K
Cap Rate 9%
$725,422
$725.4K
Market Conditions
NOI Build-Up for 3,092 SF
Gross rent
$124.3K $40.20/SF
− Vacancy
−$5.6K −$1.81/SF
EGI
$118.7K $38.39/SF
− OpEx
−$53.4K −$17.28/SF
NOI
$65.3K $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%
$1,305,760
Cap Rate 7%
$932,686
Cap Rate 9%
$725,422
Alternative Uses
Best Use
Apartment 5plus
$932.7K
$816.1K – $1.09M
NOI $65,288 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.01M
$885.8K – $1.18M
NOI $70,862 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,276
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Classic 1912 construction offers five studios and a two-bedroom residence in North Oakland.
Where is this apartment building located?
The property is located at 822 56th St Oakland, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five studios plus one 2‑bedroom, 1‑bath unit; Ground‑floor 2‑bedroom unit includes a private washer and dryer; Built in 1912 with classic architectural character
