Investment Overview

1075 53rd Street was constructed circa 1912 per property records with wood frame and pitched composite roof. A second rear unit 1077 53rd street appears to be newer construction and was likely added at a later date. The subject property consists of a spacious four-bedroom/three-bath front unit (1075 53rd) with basement and a rear unit of three-bedroom/two baths with a balcony and patio deck (1077 53rd). Currently configured as a duplex the property has separate electric and gas meters and appears to originally be zoned as a triplex (buyer to verify with City of Oakland and seller nor agent make any guarantees). The front unit is perfect for an owner/user and contains in-unit washer/dryer, renovated kitchen, renovated bathrooms, hardwood floors, newer appliances and fixtures, and a large basement. The rear unit is in need of renovation and upgrade, and consists has a kitchen and living room, one downstairs bedroom and bathroom, and two upstairs bedrooms with a shared bathroom, and a deck. Both units are currently vacant and will be delivered vacant at the close of escrow. The subject property offers a buyer the opportunity to acquire a well configured property, at a great cost per square foot, with either investment and income potential, or as a wonderful residence walking distance to the greatest highlights of Emeryville. The property is located 2-blocks from Pixar Studios and near retail, commerce, cafés and entertainment. Nearby job centers of Downtown Oakland provide gainful employment, and UC Berkeley is a short drive with an annual enrollment of 45,000 students, thus ensuring the property will experience strong tenant demand.