1056 55th Street, Oakland, California 94608, Oakland, 94608 - 3 bed, 1 bath
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1056 55th Street
Oakland, California 94608
ACTIVE
CONDITION: GOOD
3Beds
1Baths
1,229Sq Ft
4,550Lot Size
Property Price
LIST PRICE$849,000
EST. MARKET VALUE
$897,803
5% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned well below the $934,566 Fair Market Value by 3%. This valuation gap offers $34,566 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers a refreshed interior with new flooring and paint, while the large unfinished basement provides significant expansion potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic, value-add property in a commuter-friendly location.
Estimated Market Value
$897,803+$48,803 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1056 55th Street Subject 3 bd · 1 ba · 1,229 sqft · $731 | $849,000* List Price | 3 | 1 | 1,229 | $731 | - |
A 1028 57th St Sold 3 bd · 2 ba · 1,087 sqft · $777 · 0.2 mi | $845,000 | 3 | 2 | 1,087 | $777 | 0.2 mi |
B 1072 57th St Sold 2 bd · 2 ba · 1,149 sqft · $743 · 0.2 mi | $854,000 | 2 | 2 | 1,149 | $743 | 0.2 mi |
C 885 59th St Sold 2 bd · 2 ba · 1,127 sqft · $799 · 0.5 mi | $900,000 | 2 | 2 | 1,127 | $799 | 0.5 mi |
D 5534 Adeline Sold 3 bd · 1 ba · 1,206 sqft · $711 · 0.3 mi | $858,000 | 3 | 1 | 1,206 | $711 | 0.3 mi |
E 5775 Adeline St Sold 2 bd · 1 ba · 1,026 sqft · $596 · 0.4 mi | $611,000 | 2 | 1 | 1,026 | $596 | 0.4 mi |
F 970 39th St Sold 2 bd · 1 ba · 1,241 sqft · $737 · 0.6 mi | $915,000 | 2 | 1 | 1,241 | $737 | 0.6 mi |
G 852 46th St Sold 2 bd · 2 ba · 1,188 sqft · $699 · 0.6 mi | $830,000 | 2 | 2 | 1,188 | $699 | 0.6 mi |
H 1042 61st St Pending 3 bd · 1 ba · 983 sqft · $864 · 0.4 mi | $849,000 List Price | 3 | 1 | 983 | $864 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1906, the property has received recent cosmetic updates including fresh interior paint and new flooring throughout. The kitchen and bathroom are functional, clean, and feature updated vanities and cabinetry, making the home move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Expansion Potential
The large unfinished basement and spacious backyard provide significant opportunities for future improvements, storage, or potential living space expansion to increase property value.
- Strategic Commuter Location
Situated in the Gaskill neighborhood near major commuter routes and public transit, the property offers excellent accessibility to Oakland, Emeryville, Berkeley, and San Francisco.
- Refreshed Interior
Recent updates including fresh interior paint and new flooring throughout create a bright, move-in-ready environment that appeals to modern buyers seeking a turnkey feel.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With three bedrooms but only one bathroom, the home may present functional challenges for larger households or those who prioritize multiple facilities.
- Low Local School Ratings
The immediate assigned public schools, such as Hoover Elementary and McClymonds High, have low performance ratings, which may be a concern for family-oriented buyers.
About 1056 55th Street
Charming 3-bedroom, 1-bath single family residence offers approximately 1,229 square feet of living space on a spacious 4,550 square foot lot. Fresh interior paint and new flooring throughout create a bright, refreshed feel and makes this home ready for its next chapter. The property features a functional floor plan with comfortable living spaces and 3 bedrooms offering flexibility for sleeping quarters, a home office, guest room or creative space. The large unfinished basement provides abundant additional space and exciting possibilities for storage, a workshop, recreation, or future improvements. Spacious backyard with plenty of room and endless possibilities. Conveniently located near shopping and dining, public transportation, and major commuter routes. Offering easy accessibility to Oakland, Emeryville, Berkeley and San Francisco. 1056 55th Street is an opportunity worth seeing. Come experience the possibilities this Oakland home has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1906
- Lot Size
- 4,550 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Malcolm X Elementary School
Grades K-5 • 1.0 mi
6/10
Sankofa Academy
Grades PK-5 • 1.0 mi
1/10
Hoover Elementary School
Grades K-5 • 1.1 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,229 | 1,591.405 |
| Lot Size | 4,550 | 5,033.821 |
| Price | $849.0K | $1.04M |
| Price per sq ft | $691 | $611 |
| Built year | 1906 | 1927 |
| HOA | $0 | $227 |
| Days on market | 46 | 36 |
Pricing History
Listed for Sale
Oct 19, 2026
$849,000
$900,000
-6% Price Drop
Initial Listing
Price Change
Sep 8, 2026
$900,000
Initial Listing