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722 59th St, Oakland, California 94609, Oakland, - bed, bath

home-pic
ACTIVE$1,299,999
722 59th St, Oakland, California 94609
0Bed
0Bath
Sqft
5,650Lot
Year Built
1924
Close
-
List price
$1.3M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41078162
Home ConditionFair
Features
View-

About this home

Looking for a property that combines comfort, versatility, and potential for passive income? Look no further! 722 59th Street is a charming single-story triplex located in the heart of North Oakland, offering a rare opportunity to live in one unit while generating rental income from the other two. This property features: Two 1-bedroom, 1-bath units (Fireplace in one) – perfect for singles or couples. One 2-bedroom, 1-bath unit with a cozy fireplace – ideal for a family or anyone looking for extra space and charm. Whether you’re an investor looking to add a prime property to your portfolio or a homeowner seeking a multi-unit living arrangement, this triplex offers flexibility and incredible potential in a highly desirable area. Note: Some photos have been virtually enhanced to showcase the property’s full potential. Don’t miss this amazing opportunity to own a solid income-generating property in one of Oakland’s hottest neighborhoods!

Nearby schools

1/10
Sankofa Academy
Public,•PK-5•0.3mi
6/10
Malcolm X Elementary School
Public,•K-5•0.6mi
8/10
Peralta Elementary School
Public,•K-5•0.6mi
6/10
Leconte Elementary School
Public,•K-5•0.9mi
7/10
Emerson Elementary School
Public,•K-5•1.5mi
6/10
John Muir Elementary School
Public,•K-5•1.5mi
6/10
Claremont Middle School
Public,•6-8•0.9mi
8/10
Willard Middle School
Public,•6-8•1.2mi
2/10
Oakland International High School
Public,•9-12•0.9mi
7/10
Oakland Technical High School
Public,•9-12•1.2mi
8/10
Berkeley High School
Public,•9-12•1.7mi
2/10
Fremont High
Public,•9-12•5.8mi

Price History

Date
Event
Price
09/16/25
Price Change
$1,299,999
11/18/24
Listing
$1,699,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (10 Listings)
Beds00
Baths00
Square foot00
Lot Size5,6504,680
91%
Price$1.3M$1.14M
73%
Price per square foot$0$0
Built year19241910
64%
HOA
Days on market352182
91%
Condition Rating
Fair
Built in 1924, this triplex shows a mix of updates and original features. The kitchen appears to have been recently updated with modern gray shaker cabinets, stainless steel appliances (Frigidaire refrigerator visible), and new-looking laminate flooring, which is a strong positive. However, other areas, such as the carpeted living space, show significant wear and tear, including stained carpet, and older interior doors. The exterior appears maintained for its age, but the overall property has not undergone a full, recent renovation. The 'virtually enhanced' photos suggest some areas might not be as pristine as depicted. While functional and livable, the property requires minor updates and repairs to achieve a consistent modern standard across all units and address the visible wear.
Pros & Cons

Pros

Strong Income-Generating Potential: As a triplex, the property offers immediate potential for passive income, allowing an owner to occupy one unit while generating rental income from the other two, or serving as a pure investment asset.
Desirable North Oakland Location: Located in 'one of Oakland’s hottest neighborhoods,' the property benefits from high rental demand, potential for property value appreciation, and convenient access to local amenities.
Versatile Unit Mix: The configuration of two 1-bedroom units and one 2-bedroom unit caters to a diverse range of tenants, enhancing occupancy potential and rental income stability.
Significant Price Reduction: A substantial price drop from the original $1,699,000 to $1,299,999 indicates a potentially motivated seller and presents an attractive value proposition for prospective buyers.
Charming Historic Property: Built in 1924, the property is described as 'charming' and features fireplaces, suggesting character and appeal that can attract both tenants and owner-occupants.

Cons

Virtually Enhanced Photos: The disclosure that 'some photos have been virtually enhanced' raises concerns about the actual condition of the property and potential discrepancies upon physical viewing, possibly masking underlying issues.
Age of Property (1924) & Potential for Deferred Maintenance: While charming, a 1924 build often implies older systems (plumbing, electrical, roof) that may require significant capital expenditure for updates or repairs, which are not detailed in the description.
Lack of Specific Renovation Details: The description is vague on recent upgrades or renovations to the units, suggesting potential for significant investment needed to modernize and maximize rental income, which could impact immediate cash flow.

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