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2007 57th Ave, Oakland, California 94621, Oakland, 94621 - bed, bath

2007 57th Ave, Oakland, California 94621 home-pic-0
ACTIVE$587,998
2007 57th Ave, Oakland, California 94621
0Bed
0Bath
Sqft
3,130Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Dual Income Potential & Flexible Living: The property features two distinct units on one lot, offering significant potential for dual rental income, multi-generational living, or living in one unit and renting the other.
Top Cons:
Age of Property: Built in 1920, the property is over a century old, which may imply potential for older infrastructure, systems, and ongoing maintenance requirements.

Compared to the nearby listings

Price:$588.0K vs avg $525.0K (+$62,998)76%
Size: sqft vs avg 1,076.5 sqft3%
Price/sqft:$0 vs avg $4383%

More Insights

Built in 1920 (105 years old).
Condition: Built in 1920, this property shows signs of regular maintenance and some updates, such as newer flooring in parts and some updated appliances. However, the kitchens in both units feature older cabinet styles and laminate countertops, and the bathrooms are functional but dated with pedestal sinks and basic tiling. Heating is provided by older wall-mounted gas heaters. While move-in ready, the property requires minor updates to its kitchens and bathrooms to meet current aesthetic and functional standards, aligning with the 'fair' condition criteria for an aged home with functional but outdated major components.
Year Built
1920
Close
-
List price
$588K
Original List price
$588K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41110007
Home ConditionFair
Features
Patio
View-

About this home

This Property qualifies for up to $47,000 of DOWN PAYMENT ASSISTANCE! WOW!! The Vibrant 2 Houses on 1 Lot! The FRONT home offers a spacious 2-bedroom, 1-bath layout featuring gleaming floors and a generous living area that radiates warmth and natural light. The REAR unit has a stylish loft-like feel with 1 bedroom & 1.5 baths, and its own private entrance—perfect for flexible living arrangements or additional rental income.**Eligible buyers MAY QUALIFY for up to 5% in DOWN PAYMENT ASSISTANCE through the GSFA Platinum Program** Whether you're an investor seeking dual rental streams or a homeowner looking to live in one unit and rent the other, this property offers incredible potential. Both units will be delivered vacant at close of escrow, giving you the freedom to select your own tenants OR create a "Multi-generational" setup. Additional features include garage parking, an extended driveway for multiple vehicles, and clear pride of ownership throughout. Ideally located near BART, major freeways, the Oakland ferry, and just a short commute to San Francisco. Enjoy easy access to parks, shops, and local eateries! Own a piece of the Bay Area—that is a smart & secure investment! Live boldly and invest wisely! Here is your chance!!

Nearby schools

3/10
Greenleaf Elementary School
Public,•K-8•0.4mi
1/10
Roots International Academy
Public,•6-8•0.6mi
2/10
Frick Middle School
Public,•6-8•0.8mi
3/10
Coliseum College Prep Academy
Public,•6-12•0.6mi
2/10
Fremont High
Public,•9-12•0.8mi
1/10
Castlemont High
Public,•9-12•2.0mi
2/10
Oakland International High School
Public,•9-12•5.6mi
Condition Rating
Fair
Built in 1920, this property shows signs of regular maintenance and some updates, such as newer flooring in parts and some updated appliances. However, the kitchens in both units feature older cabinet styles and laminate countertops, and the bathrooms are functional but dated with pedestal sinks and basic tiling. Heating is provided by older wall-mounted gas heaters. While move-in ready, the property requires minor updates to its kitchens and bathrooms to meet current aesthetic and functional standards, aligning with the 'fair' condition criteria for an aged home with functional but outdated major components.
Pros & Cons

Pros

Dual Income Potential & Flexible Living: The property features two distinct units on one lot, offering significant potential for dual rental income, multi-generational living, or living in one unit and renting the other.
Significant Down Payment Assistance: Eligible buyers can qualify for up to $47,000 in down payment assistance through programs like GSFA Platinum, making the property more accessible and attractive financially.
Vacant at Close of Escrow: Both units will be delivered vacant, providing the new owner immediate flexibility to select their own tenants or occupy both units without the hassle of existing leases.
Excellent Commuter Location: Ideally located with easy access to BART, major freeways, the Oakland ferry, and a short commute to San Francisco, enhancing its appeal to commuters.
Ample Parking: The property includes garage parking and an extended driveway, accommodating multiple vehicles, which is a valuable asset in an urban setting.

Cons

Age of Property: Built in 1920, the property is over a century old, which may imply potential for older infrastructure, systems, and ongoing maintenance requirements.
Lower-Rated Nearby Schools: Several of the closest public schools have ratings of 1 or 2, which could be a drawback for families prioritizing highly-rated educational institutions.
Limited Lot Size: With a lot size of 3130 sq ft for two units, private outdoor space may be limited, which could be a consideration for buyers desiring larger yards or outdoor amenities.

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