1072 56th St, Oakland, California 94608, Oakland, 94608 - 0 bed, 0 bath
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Oakland, California 94608
This triplex presents a High-Potential Investment Opportunity with a List Price of $898,000—positioned well above the $875,468 Fair Market Value by -2%. Featuring a Condition Rating of 5, this 1899 Multi-Family Asset requires significant rehabilitation, yet offers massive upside through its 4,750 sqft lot and ADU development potential. Its strategic location near major transit corridors ensures strong rental demand. This is a high-reward acquisition ideal for Buy-and-Hold Investors or Contractors seeking to maximize density and long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1072 56th St Subject | $898,000* List Price | 0 | 0 | 1,845 | $475 | - |
A 6312 Herzog Street Active | $829,000 List Price | 0 | 0 | 1,710 | $485 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1899 with no mention of recent renovations, this property is marketed as a 'value-add investment,' which typically indicates the need for significant rehabilitation. Exterior photos show deferred maintenance, including weathered siding and peeling paint. Given the age and the 'investment' focus, the kitchens, bathrooms, and core systems (HVAC/Electric) likely exceed the 30-50 year threshold for major updates or replacement.
The property features an expansive 4,750 sqft lot with a large backyard specifically suited for a profitable ADU addition, offering significant upside for investors looking to increase density.
Ideally situated on the Oakland-Emeryville border, the asset provides rapid access to I-80, I-580, I-24, and the Bay Bridge, making it a high-demand location for Bay Area professionals.
The triplex layout includes a spacious 3+ bedroom top-floor unit and two ground-floor units, providing a diverse rental mix that appeals to different tenant profiles and maximizes income stability.
Built in 1899, this 125-year-old structure likely requires significant ongoing maintenance and potential capital improvements to modernize aging systems and ensure structural integrity.
The current list price of $898,000 is approximately 6% lower than the 2018 sale price of $955,500, suggesting a lack of appreciation or potential deferred maintenance issues impacting the property's market value.
Prime Multi-Family Investment on the Oakland-Emeryville Border. Unlock massive value-add potential with this versatile 3-unit multi-family property. The highly functional layout features an expansive 3+ bedroom, 1.5-bathroom top-floor unit, perfectly complemented by a 2+ bedroom, 1-bathroom and a 1-bedroom, 1-bathroom unit on the ground floor. The expansive lot offers incredible development potential—with a massive backyard ideal for a profitable ADU addition. Ideally situated for commuters, this asset is just minutes from I-80, I-580, I-24, the Bay Bridge, and top-tier East Bay public transit.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades PK-5 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,845 | 2,547 |
| Lot Size | 4,750 | 4,475 |
| Price | $898.0K | $860.2K |
| Price per sq ft | $487 | $344 |
| Built year | 1899 | 1920 |
| HOA | $0 | $0 |
| Days on market | 5 | 56 |
Jul 17, 2026
$898,000
Initial Listing
May 11, 2018
$955,500
Public Record
Jan 31, 2001
$200,000
Public Record