573 59th St, Oakland, California 94609, Oakland, - bed, bath

home-pic
ACTIVE$1,150,000
573 59th St, Oakland, California 94609
0Bed
0Bath
Sqft
6,600Lot
Year Built
1923
Close
-
List price
$1.15M
Original List price
$115K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41116333
Home ConditionFair
Features
Good View:
Patio
View-

About this home

Situated in North Oakland on a quiet street, this is a rare 4-unit opportunity featuring two duplexes on one parcel. Two of the units boast original 1920's charm with spacious living area and laundry. With significant rental upside and an appealing owner-occupant potential, investors will appreciate its prime location near Ashby BART and Highway 24, offering easy access to transportation and an array of retail and dining options within walking distance. Located in a dynamic neighborhood, the area offers an eclectic mix of dining, shopping, and entertainment options. Just a short distance from the property, residents can explore the charming shops and cafes of Temescal, or take a leisurely stroll through the scenic pathways of Mosswood Park. With easy access to public transportation and major roadways, this location provides convenience for all residents. Investors seeking a prime location with a compelling local atmosphere will find this area to be an ideal choice for a multifamily investment opportunity.

Nearby schools

1/10
Sankofa Academy
Public,PK-50.2mi
8/10
Peralta Elementary School
Public,K-50.4mi
6/10
Malcolm X Elementary School
Public,K-50.8mi
6/10
Leconte Elementary School
Public,K-50.9mi
6/10
John Muir Elementary School
Public,K-51.3mi
7/10
Emerson Elementary School
Public,K-51.4mi
6/10
Claremont Middle School
Public,6-80.7mi
8/10
Willard Middle School
Public,6-81.1mi
2/10
Oakland International High School
Public,9-120.8mi
7/10
Oakland Technical High School
Public,9-121.0mi
8/10
Berkeley High School
Public,9-121.7mi
2/10
Fremont High
Public,9-125.7mi

Price History

Date
Event
Price
10/31/25
Listing
$115,000
10/31/25
Price Change
$1,150,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (10 Listings)
Beds00
Baths00
Square foot00
Lot Size6,6004,680
91%
Price$1.15M$1.14M
55%
Price per square foot$0$0
Built year19231910
64%
HOA
Days on market5174
9%
Condition Rating
Fair

Built in 1923, this property is over 100 years old. The listing explicitly states that 'Two of the units boast original 1920's charm,' which strongly indicates that these units, including their kitchens and bathrooms, are significantly outdated in style and features. While the exterior appears maintained with recent landscaping and paving, the lack of interior images prevents a detailed assessment of critical areas. However, the description implies that major components are functional but show signs of being outdated, requiring minor updates or repairs to meet current market expectations and realize 'significant rental upside,' rather than substantial structural rehabilitation.
Pros & Cons

Pros

Multi-Unit Investment Opportunity: This is a rare 4-unit opportunity (quadruplex) on a single parcel, offering significant residential income potential for investors.
Prime Location & Transit Access: Strategically located in North Oakland with excellent access to Ashby BART, Highway 24, and public transportation, ensuring convenience for residents.
Strong Rental & Owner-Occupant Potential: The property offers significant rental upside and is appealing for owner-occupants seeking to offset mortgage costs with rental income.
Vibrant Neighborhood Amenities: Situated in a dynamic neighborhood with an eclectic mix of dining, shopping, entertainment, and parks (Temescal, Mosswood Park) within walking distance.
Historic Charm & Spacious Units: Two of the units boast original 1920s charm with spacious living areas and laundry, which can be a unique draw for tenants.

Cons

Age of Property & Potential for System Updates: Built in 1923, the property is nearly 100 years old, which may indicate a need for significant updates to major systems (plumbing, electrical, HVAC) and potentially higher maintenance costs.
Uncertainty of Listing Date: The 'on_market_date' is listed as 2025-10-31, which is in the future. This unusual date could indicate a data error or a pre-listing, creating confusion regarding its immediate availability.
Lack of Detailed Unit Condition/Renovation Information: While some units retain charm, the description lacks specific details on the current condition or recent renovations of all four units, which could imply substantial capital expenditure requirements for a new owner.

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