Vacant Victorian
For Sale
$1,195,000
Pending
962 54th Street, Oakland, CA 94608
Two separate residences include a three-bedroom lower flat and an upper unit with preserved period details.
Property Size2,270 SF
Days on Market29
Property Features for 962 54th Street
General Information
Standard status
Pending
Size
2,270 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
garden
jacuzzi
storage shed
Building Details
Year Built
1895
Listing Agency:
Achievers Real Estate & Loans
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Sep 21
Changed: Oct 16
Last Checked: Oct 16 at 8:19AM
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 Achievers Real Estate & Loans
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Investment Insights
Based on property information with market context.
This vacant duplex, built in 1895, contains two distinct residences. The upper home features high ceilings, stained-glass elements, hardwood floors, and a retro kitchen. The lower residence is a fully legal three-bedroom, one-bath flat with an open-concept layout. Together, the units offer flexible living arrangements within a historic structure.
Outdoor improvements include a private fenced garden with fruit trees, a red-leaf plum tree, jacuzzi, and storage shed. Two off-street parking spaces add practical convenience. The property is located at 962 54th Street in Oakland, near Emeryville shopping and the Temescal corridor.
Outdoor improvements include a private fenced garden with fruit trees, a red-leaf plum tree, jacuzzi, and storage shed. Two off-street parking spaces add practical convenience. The property is located at 962 54th Street in Oakland, near Emeryville shopping and the Temescal corridor.
Key Highlights
- Vacant duplex with two separate residences
- Upper unit includes stained glass, hardwood floors, high ceilings, and a retro kitchen
- Fully legal lower flat with 3 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,023
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,460
$1.0M
Cap Rate 7%
$743,186
$743.2K
Cap Rate 9%
$578,033
$578.0K
Market Conditions
NOI Build-Up for 2,270 SF
Gross rent
$77.6K $34.20/SF
− Vacancy
−$3.3K −$1.46/SF
EGI
$74.3K $32.74/SF
− OpEx
−$22.3K −$9.82/SF
NOI
$52.0K $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%
$1,040,460
Cap Rate 7%
$743,186
Cap Rate 9%
$578,033
Alternative Uses
Best Use
Multifamily LT 5
$743.2K
$650.3K – $867.1K
NOI $52,023 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$684.7K
$599.1K – $798.9K
NOI $47,931 @ 7.0% cap · market cap 4.01%
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
2,955
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 include a three-bedroom lower flat and an upper unit with preserved period details.
Where is this duplex located?
The property is located at 962 54th Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Vacant duplex with two separate residences; Upper unit includes stained glass, hardwood floors, high ceilings, and a retro kitchen; Fully legal lower flat with 3 bedrooms and 1 bath
