5865 Marshall Street

Oakland, CA 94608

$1,680,000
Price
Beds
3,651 Sq. Ft.
$460 / Sq. Ft.
3,651
Sq. Ft.
$460
per Sq. Ft.

Description

Welcome to 5865 Marshall St. This fantastic 8-unit building is nicely located on the border of Emeryville. 5 minutes to the Amtrak station. Walk-able to Doyle Hollis Park and the popular Townhouse Bar and Grill Restaurant. 6 minutes to the famous Bay Street shopping center. You can also travel the world one bite at a time at the Public Market Food Hall. UC Berkeley is about 15 minutes away. Conveniently located on a quiet street. This charming well-maintained building has 8 1BR/1BA with high ceilings...Welcome to 5865 Marshall St. This fantastic 8-unit building is nicely located on the border of Emeryville. 5 minutes to the Amtrak station. Walk-able to Doyle Hollis Park and the popular Townhouse Bar and Grill Restaurant. 6 minutes to the famous Bay Street shopping center. You can also travel the world one bite at a time at the Public Market Food Hall. UC Berkeley is about 15 minutes away. Conveniently located on a quiet street. This charming well-maintained building has 8 1BR/1BA with high ceilings and separated PG&E meters. Upgrades included new laminated wooden floors, exterior and interior paint and new landscape improvements. There is also new Terra Cotta tile installed in a large, beautiful patio area, new French drain and fences. Sewer lateral is in compliance. Unit #4, #5 and #7 are totally renovated with high-end style. Owner unit #6 will deliver vacant at closing. Market rent is $1800.00. Excellent 34% upside in 6.96% cap rate. In high demand, offering an exceptional investment opportunity with great upside and stable income from long-term tenants. This truly is pride of ownership and will make any owner proud. Motivate Seller! OM is available as request. 3D tour https://my.matterport.com/show/? m=UAsuoXGFhB7
  1. Listed by Anna Li • DRE #01189430 • Better Homes and Gardens RP

Property Details for 5865 Marshall Street

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Off-Site Parking, Tandem Parking
Total # Parking Spaces
2
LISTING UPDATED: 10/21/2024 04:29 PM

Property Details for 5865 Marshall Street

StatusActive
MLS #41067914
Days on Compass151
Taxes$30,240 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1908
Lot Size0.10 AC / 4,400 SF
CountyAlameda County

Building Information for 5865 Marshall Street

Stories-Residences8Year Built1908Building Size-Lot Size0.10 AC / 4,400 SF

Property Information for 5865 Marshall Street

Features
Feature Details
  • Flooring: Laminate, Partial Carpeting, Stone (Marble/Slate/Etc.), Tile, Wood
  • Laundry: Washer
Room Details
  • Additional Rooms: Basement - Partial
Utility Details
  • Cooling: MultiUnits, Other
  • Heating: Electric, Forced Air 1 Zone, Hot Water, Individual Rm Controls, MultiUnits, Wall Furnace
  • Water/Sewer: Sewer System - Public, Sump Pump, Water - Public, Meter on Site, Water District, Sewer Connected
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Washer, Water Heater Gas, Window Coverings, Carbon Mon Detector, Secured Access, Smoke Detector, All Public Utilities, Internet Available, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Dual Pane Windows, Stucco, Wood Frame, Siding - Stucco
  • Lot Description: Regular, Front Yard, Street Light(s)
  • Lot Sq Ft Apx: 4400
  • Lot Size Square Feet: 4400.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3651
  • Year Built: 1908
Location Details
  • Directions to Property: 59th St. to Marshall St.
  • FIPS Code: 06001
  • Census Tract: 4008/3
  • Parcel Number: 15-1333-2-8
  • Printed Neighborhood Rpt: Yes
  • Board ID: CONTRA COSTA
Multi Family Information
General Details
  • Units Total: 8
  • Basement: Partial, Separate Entry
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Balcony/Patio, Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Off Site Parking, Tandem Parking, Uncovered Parking Space
  • Tot Ann Oper Exp: 49250.0
  • Total Deposits: 5000
Income / Expense Details
  • Annual Gross Sched Income: $125,052
  • Annual Insurance Expense: $3,168
  • Annual License Expense: $1,376
  • Annual Maint Expense: $3,600
  • Annual Misc Income: $3,600
  • Annual Taxes: $30,240
  • Annual Util Expense: $9,211
  • Annual Vacancy: 0.0
  • Gross Income: $125,052
  • Gross Operating Actual Income: $121,459
  • Net Operating Income: $75,802
  • Other Annual Expense: $808
Other Financial Information
  • Cap Rate: 4.50%
  • Existing Loan: Private
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 5865 Marshall Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5865 Marshall Street

Taxable ValueLand$408,000Additions$816,000Total$1,224,000
Tax Record2024$22,277 ($1,856 / month)
Home Facts
Total Finished SqFt3,615 SqFtAbove Grade Finished SqFt3,615 SqFtStories2Lot Size4,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyALAMEDAAPN15-1333-2-8

Schools near 5865 Marshall Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Sankofa United Elementary School
PublicK to 5

Claremont Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Aspire Berkley Maynard Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5865 Marshall Street is a multi-family home for sale in Oakland, CA 94608. This property was listed for sale on July 26, 2024 by Better Homes and Gardens RP, it's currently listed at $1,680,000. It has been on the market for a total of 151 days and was last sold on June 1, 2023. This listing's school district is Oakland Unified School District. Nearby schools include Sankofa United Elementary School, Claremont Middle School and Oakland Technical High School. 5865 Marshall Street is a 0-bed, 0-bath, 3,651 sqft multi-family home built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Homes and Gardens RP, Anna Li, DRE #01189430

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.