577 5th St # 1-4, Oakland, CA 94607

-- beds2 baths3,186 sqft Edit

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Sold: $500,000
Sold on 12/09/13
Zestimate®: $843,556
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My Notes

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Located at 577-5th Street., Oakland.
4 separate units available. Various square footage units. Property can be delivered vacant for owner-occupant.
The subject property is in a prime downtown Oakland location on the Jack London Square side of Highway 880. Walking distance to City of Oakland and Alameda County courts and offices located on Washington and 6th Streets. Oakland police department, county health and welfare offices are located within 2 blocks at Broadway.
This property is tastefully renovated, has high quality architecture, with accents of old-world charm and original detail. The exterior has a stunning 5-color paint scheme with interior also multi-painted colors. Grand hallway entrance leads to 2 upper units and a ornate interior stairway. Lower units have separate entrances. Units range in size from approximately 700 to 1200 square feet. First floor units are larger than second floor units. Lot size is 4200 square feet.
The upper units show completed. The lower units require completion of kitchenettes, final paint and flooring. There is a restroom on the second floor located in the common hallway. There is a new ADA restroom on the first floor shared with both units. There are 4 separate gas and electric meters (200 amps to bldg), 1 house meter setup, and 1 water meter (w/sub meters). The units could be combined with work.
Additional highlights include CAT 5 wiring in upper unit, skylight in hallway, re-braced roof, and dual-paned windows on second level, dramatic bay windows, newer roof and downspouts. Individual unit heating consisting of gas force-air and electric baseboard heating.
There is approximately 1200 square feet of useable rear patio area not included in the quoted area and priced additionally.
The zoning is C-40. Uses other than those listed as permitted activities may require a conditional use permit. Generally speaking, the site is suitable for commercial, civic, and residential activities. This location is properly suited for an owner-occupant or tenant conducting business as a law office, real estate office, or professional business representing clients having business with the City of Oakland, County of Alameda, or Port of Oakland. Past usage was restaurant, hair and nail salon, offices.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Contact Frank Hennefer broker
Wells & Bennett Realtors
Office: 510-485-7235
CA DRE 00852682
Neighborhood Description
Near vibrant downtown Oakland.
 

What I love about the home

Nearness to Jack London Square, downtown Oakland, Chinatown District, Alameda County Courthouse, Oakland Police Department, Alameda, transit, BART.
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Facts

  • Lot: 4,205 sqft
  • Multi Family
  • Built in 1882
  • Views: 2,224 all time views
  • Cooling: Other
  • Heating: Baseboard, Forced air
  • Last sold: Dec 2013 for $500,000
  • Last sale price/sqft: $157

Features

  • Disability Access
  • Flooring: Carpet, Softwood
  • Parking: On street, 0 space

Construction

  • Exterior material: Wood
  • Roof type: Asphalt
  • Room count: 10
  • Stories: 2
  • Structure type: Victorian
  • Unit count: 4

Other

  • Floor size: 3,186 sqft
  • Heating: Electric, Gas
  • Last remodel year: 2000
  • Zillow Home ID: 2113801463

Zestimate Details

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$843,556
+$9,149 Last 30 days
$759K
$936K
Zestimate range
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$2,457/mo
+$157 Last 30 days
$1.5K
$3.4K
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Popularity on Zillow

2,224 all-time views
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Comparable Homes

Homes like this sold for $580-925K.

$510K
$1.0M
 

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Market guide

Zillow predicts Produce & Waterfront home values will increase 8.4% next year, compared to a 8% rise for Oakland as a whole. Among Produce & Waterfront homes, this home is valued 69.2% more than the midpoint (median) home, but is valued 62.9% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Produce & Waterfront, the number of foreclosures waiting to be sold is 66% lower than in Oakland, and 66.7% less than the national average. This lower local number could help Produce & Waterfront home values rise more quickly than other regions in Oakland.

Learn more about forecast calculations or Produce & Waterfront home values.
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    Nearby Schools in Oakland

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org