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1148 53rd St - Vacant Edwardian DUplex 2 Unit Apartment Building Offered at $950,000 at a 6.50% Cap Rate Oakland, CA 94608
Investment Highlights
- High Traffice, Near schools, freeways
- Open Plan
- Tree-lined Street
Executive Summary
Come visit this spacious 2,576 sq. ft. Victorian duplex, thoughtfully updated with modern finishes while preserving its timeless Edwardian charm. Perfectly positioned on a quiet, tree-shaded street, this property offers both comfort and convenience. Inside, you’ll find sun-filled interiors, complete with brand-new cabinets, appliances (including refrigerator and range), and a bright, open layout that makes every room feel inviting.Step outside to enjoy a private backyard retreat, ideal for relaxing, entertaining, or gardening.
Location is unbeatable:
• Just steps from the Emeryville Community Center and school athletic fields.
• Walk to work, school, or nearby Emeryville shops and Public Market.
• Quick access to major highways and transit, making your commute a breeze.
Additional perk: off-street parking (buyer to verify with the City).
This is a rare opportunity to own a vacant, move-in-ready duplex—perfect as a home with income potential, multi-generational living, or a smart investment. Don’t miss your chance to make 1148 53rd Street your new and investment.
Location is unbeatable:
• Just steps from the Emeryville Community Center and school athletic fields.
• Walk to work, school, or nearby Emeryville shops and Public Market.
• Quick access to major highways and transit, making your commute a breeze.
Additional perk: off-street parking (buyer to verify with the City).
This is a rare opportunity to own a vacant, move-in-ready duplex—perfect as a home with income potential, multi-generational living, or a smart investment. Don’t miss your chance to make 1148 53rd Street your new and investment.
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
- Title and Insurance
- Investigations
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$60,000
|
$23.29
|
| Other Income |
$40,000
|
$15.53
|
| Vacancy Loss |
$100,000
|
$38.82
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $23.29 |
| Other Income | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $15.53 |
| Vacancy Loss | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $38.82 |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Amenities
Unit Amenities
- Dishwasher
- Storage Space
- Bay Window
- Kitchen
- Yard
- Basement
- Family Room
- Workshop
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 2 | - | 2,576 |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 013-1183-013-00 | Improvements Assessment | $101,067 |
| Land Assessment | $42,994 | Total Assessment | $144,061 |
Property Taxes
Parcel Number
013-1183-013-00
Land Assessment
$42,994
Improvements Assessment
$101,067
Total Assessment
$144,061
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1148 53rd St - Vacant Edwardian DUplex
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