1049 55th Street, Oakland, California 94608, Oakland, - bed, bath
ACTIVE$799,000
1049 55th Street, Oakland, California 94608
0Bed
0Bath
3,000Sqft
2,389Lot
Year Built
1910
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82008701
Home ConditionFair
Features
View-
About this home
Introducing this exceptional fully vacant corner building a rare opportunity for an owner-user to live upstairs in the spacious 4-bedroom, 2-bath residence while running a business downstairs, or for an investor to generate passive income through mixed-use rental. The property includes a 2-car garage with potential for ADU conversion (subject to city approval), adding further value and versatility. Located in a quiet pocket of Oakland near the Emeryville and Berkeley border, it offers easy access to Emeryville BART, IKEA, and Highway 580. This is an ideal chance to secure a flexible property in a well-connected and rapidly developing area.
Nearby schools
6/10
Malcolm X Elementary School
Public,•K-5•1.0mi
1/10
Sankofa Academy
Public,•PK-5•1.0mi
2/10
Hoover Elementary School
Public,•K-5•1.1mi
2/10
Emerson Elementary School
Public,•K-5•1.3mi
8/10
Peralta Elementary School
Public,•K-5•1.4mi
6/10
Leconte Elementary School
Public,•K-5•1.6mi
7/10
Washington Elementary School
Public,•K-5•2.0mi
7/10
Emerson Elementary School
Public,•K-5•2.2mi
6/10
John Muir Elementary School
Public,•K-5•2.3mi
5/10
Oxford Elementary School
Public,•K-5•3.5mi
7/10
Cragmont Elementary School
Public,•K-5•3.8mi
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•1.9mi
2/10
Westlake Middle School
Public,•6-8•2.0mi
3/10
West Oakland Middle School
Public,•6-8•2.1mi
5/10
Emery Secondary School
Public,•9-12•0.2mi
2/10
Oakland International High School
Public,•9-12•1.1mi
3/10
Mcclymonds High School
Public,•9-12•1.4mi
7/10
Oakland Technical High School
Public,•9-12•1.5mi
8/10
Berkeley High School
Public,•9-12•2.2mi
2/10
Fremont High
Public,•9-12•5.9mi
Price History
Date
Event
Price
05/28/25
Listing
$799,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (8 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,000 | 0 | 0% |
| Lot Size | 2,389 | 3,876 | 11% |
| Price | $799K | $875K | 44% |
| Price per square foot | $266 | $0 | 89% |
| Built year | 1910 | 1912 | 44% |
| HOA | |||
| Days on market | 160 | 181 | 44% |
Condition Rating
Fair
The property, built in 1910, shows a mix of recent updates and significantly outdated features. The bathroom has been extensively renovated with modern tiles, vanity, and fixtures, appearing in excellent condition. However, the kitchen is very dated with original-style oak cabinets, older countertops, and a dated ceiling fan, requiring a full cosmetic renovation to meet current standards. Other areas feature fresh paint and newer laminate flooring and windows, making them move-in ready. While some components are updated, the overall age of the property and the condition of the kitchen prevent it from being classified as 'Good' or 'Excellent', as it requires substantial cosmetic updates in a key area.
Pros & Cons
Pros
Mixed-Use & Income Potential: This fully vacant corner building offers exceptional versatility for an owner-user to live upstairs and run a business downstairs, or for an investor to generate passive income through mixed-use rental.
ADU Conversion Potential: The property includes a 2-car garage with significant potential for an Accessory Dwelling Unit (ADU) conversion, which can add substantial value and rental income (subject to city approval).
Strategic Location & Accessibility: Located in a quiet pocket of Oakland near the Emeryville and Berkeley border, it provides easy access to Emeryville BART, IKEA, and Highway 580, enhancing convenience and desirability.
Corner Building Advantage: As a corner building, it benefits from increased visibility, natural light, and potentially more flexible access points, which is advantageous for both residential and commercial uses.
Vacant Status: The property being fully vacant allows for immediate occupancy by an owner-user or offers an investor the flexibility to select new tenants and establish market-rate rents without existing lease obligations.
Cons
Age of Property: Built in 1910, the property is an older structure which may entail higher maintenance costs, potential for outdated systems (plumbing, electrical), and unforeseen repair expenses.
ADU Conversion Contingency: While offering potential, the ADU conversion is 'subject to city approval,' which introduces uncertainty, potential delays, and additional costs for permits and compliance.
Limited Lot Size: With a lot size of 2389 sqft for a 3000 sqft building, outdoor space may be limited, and future expansion beyond the ADU conversion could be challenging.