5664 Gaskill Street, Oakland, California 94608, Oakland, 94608 - bed, bath
ACTIVE$1,295,000
5664 Gaskill Street, Oakland, California 94608
0Bed
0Bath
3,296Sqft
4,131Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Accessibility: Strategically located near Bay Street, Emeryville, offering immediate access to shops, restaurants, a movie theater, BART, and major freeways, enhancing tenant appeal and property value.
Top Cons:
Age of Building & Potential System Updates: Built in 1958, the property's age suggests that core internal systems (e.g., plumbing, electrical, HVAC) may be original or outdated, potentially requiring significant future capital expenditures not covered by recent cosmetic/safety upgrades.
Compared to the nearby listings
Price:$1.29M vs avg $875.0K (+$420,000)71%
Size:3,296 sqft vs avg sqft86%
Price/sqft:$393 vs avg $086%
More Insights
Built in 1958 (67 years old).
Condition: The property, built in 1958, has received recent exterior updates including fresh paint, new railings, rebuilt staircases, and a refreshed roof, indicating good maintenance. However, the interior images reveal a mix of conditions. While one kitchen appears more recently updated with modern white cabinets and subway tile, another kitchen features older-style wood cabinets and white appliances, and the bathroom is clean and functional but dated with basic white subway tile and vanity. The overall impression is that while the property is well-maintained and move-in ready, it has not undergone a full, extensive renovation across all units within the last 15 years. The age of the building (over 20 years) and the likelihood of older core internal systems, as noted in the property analysis, align with the 'Fair' criteria where major components are functional but show signs of being outdated, and some areas require minor updates or repairs to meet current aesthetic standards.
Year Built
1958
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$393
HOA
-
Days on market
-
Sold On
-
MLS number
ML82016695
Home ConditionFair
Features
View-
About this home
Rare Investment Opportunity Near Bay Street, Emeryville! This well-maintained 4-plex is just steps from shops, restaurants, and a movie theater, with easy access to BART and major freeways. Two units are vacantideal for owner-occupants or immediate rental income. The building has been freshly painted and offers strong cash flow from solid, long-term tenants. With high rental demand in the area and excellent appreciation potential, this turnkey property is a smart addition to any portfolio. Dont miss out! Seller just had the entire building and the lower 2 units painted. All the railings were replaced and upgraded to current Building Code. Both staircases were just rebuilt and the roof has just been refreshed.
Nearby schools
6/10
Malcolm X Elementary School
Public,•K-5•0.9mi
1/10
Sankofa Academy
Public,•PK-5•1.0mi
2/10
Hoover Elementary School
Public,•K-5•1.3mi
8/10
Peralta Elementary School
Public,•K-5•1.3mi
2/10
Emerson Elementary School
Public,•K-5•1.3mi
6/10
Leconte Elementary School
Public,•K-5•1.5mi
7/10
Washington Elementary School
Public,•K-5•1.9mi
7/10
Emerson Elementary School
Public,•K-5•2.2mi
6/10
John Muir Elementary School
Public,•K-5•2.2mi
5/10
Oxford Elementary School
Public,•K-5•3.3mi
7/10
Cragmont Elementary School
Public,•K-5•3.7mi
4/10
Anna Yates Elementary School
Public,•K-8•0.3mi
6/10
Claremont Middle School
Public,•6-8•1.6mi
8/10
Willard Middle School
Public,•6-8•1.8mi
2/10
Westlake Middle School
Public,•6-8•2.1mi
3/10
West Oakland Middle School
Public,•6-8•2.2mi
5/10
Emery Secondary School
Public,•9-12•0.3mi
2/10
Oakland International High School
Public,•9-12•1.2mi
7/10
Oakland Technical High School
Public,•9-12•1.6mi
3/10
Mcclymonds High School
Public,•9-12•1.6mi
8/10
Berkeley High School
Public,•9-12•2.0mi
2/10
Fremont High
Public,•9-12•6.0mi
Condition Rating
Fair
The property, built in 1958, has received recent exterior updates including fresh paint, new railings, rebuilt staircases, and a refreshed roof, indicating good maintenance. However, the interior images reveal a mix of conditions. While one kitchen appears more recently updated with modern white cabinets and subway tile, another kitchen features older-style wood cabinets and white appliances, and the bathroom is clean and functional but dated with basic white subway tile and vanity. The overall impression is that while the property is well-maintained and move-in ready, it has not undergone a full, extensive renovation across all units within the last 15 years. The age of the building (over 20 years) and the likelihood of older core internal systems, as noted in the property analysis, align with the 'Fair' criteria where major components are functional but show signs of being outdated, and some areas require minor updates or repairs to meet current aesthetic standards.
Pros & Cons
Pros
Prime Location & Accessibility: Strategically located near Bay Street, Emeryville, offering immediate access to shops, restaurants, a movie theater, BART, and major freeways, enhancing tenant appeal and property value.
Strong Investment Potential: A 4-plex designated as a 'Rare Investment Opportunity' with 'strong cash flow from solid, long-term tenants,' high rental demand, and excellent appreciation potential, making it a 'turnkey property' for investors.
Immediate Income & Flexibility: Two vacant units provide immediate rental income potential or the option for an owner-occupant, allowing for market-rate adjustments or personal use without delay.
Recent Capital Improvements: Significant recent upgrades including fresh paint for the building and lower units, replaced and code-compliant railings, rebuilt staircases, and a refreshed roof, reducing immediate maintenance costs for a new owner.
Well-Maintained Condition: Described as 'well-maintained' with recent exterior and structural improvements, indicating a property that has been cared for and is ready for operation.
Cons
Age of Building & Potential System Updates: Built in 1958, the property's age suggests that core internal systems (e.g., plumbing, electrical, HVAC) may be original or outdated, potentially requiring significant future capital expenditures not covered by recent cosmetic/safety upgrades.
Undisclosed Interior Unit Condition: The description focuses on exterior and common area improvements, but lacks details on the interior condition, finishes, or amenities of the individual units, which could impact rental rates or necessitate renovation costs.
Rent Control & Tenant Law Implications: Located in Oakland, the property is likely subject to stringent rent control and tenant protection laws, which could limit future rent growth and add complexity to property management, especially with existing 'long-term tenants.'