$1,100,000
●
House -
Off Market
637 56Th St
Oakland, CA 94609
3 Beds
2 Baths,
1
Half Bath
1,128 Ft²
$4,886
Est. Monthly
About This Property
Surprise end-of-year treat in North Oakland! This lovely
bungalow has just been updated by design-builder NurtureSource,
enhancing both aesthetics and function, respectful of the vintage
details. The HOUSE has 3 bedrooms and 1.5 baths. The
COTTAGE (converted garage) has 1 bedroom, 1 bath, kitchenette, and
has been used as a productive short term rental. You'll
appreciate the remodeled kitchen and main bath, plus new lighting,
paint, and expansion of hardwood floors to almost full coverage.
Other house updates include new wiring, furnace, and water
heater. With the backyard deck and garden, this is easy
living in an attractive place. And the location, near
Rockridge, Temescal, and Berkeley, provides easy access to amazing
shops, restaurants, and transportation options.
Unit Size
1,128 Ft²
Days on Market
17 days
Land Size
0.10 acres
Price per sqft
$882
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1924
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #41080644)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Dec 13, 2024 | Listed by BHG RE Reliance Partners | $995,000 | |
| Listed by BHG RE Reliance Partners | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Oakland
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Listed by: Mark Hardwicke, BHG RE Reliance Partners
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 41080644
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 41080644
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