5416 Market Street, Oakland

Right off of Highway 24,Temescal is a historic yet trendy neighborhood in North Oakland known for its great food and vibrant shops off of Telegraph Avenue. There’s a good mix of families and young professionals living in the area, which is walkable and bike-friendly, and homeowners benefit from a competitive market and quickly rising housing prices. Typical homes in the neighborhood include craftsman- and Mediterranean-style homes, though there are new condominiums popping up in the area. Temescal was originally named after a creek that flowed through Oakland, with Temescal being derived from the Aztec language meaning “sweat house.” The land, originally occupied by the Ohlone peoples, was once part of a ranch owned by Vicente Peralta in the 1800s, and the area was officially annexed by Oakland in 1897.

Property

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• Located in Oakland’s desirable Temescal neighborhood, this like-new triplex boasts a total of 9 beds/7 baths, with top and bottom units each having 4 bed/3 baths while the detached ADU has 1 bed/1 bath. The 3 units have separate house numbers recorded by the city, and the new owners will receive at least $6K in monthly revenue, as the bottom unit already has 4 renters under contract, making this a no-brainer with savvy investors looking for a hassle-free home in North Oakland.
• Each unit features stylish and modern upgrades, including hardwood floors, recessed lighting, high-end stainless steel appliances in the kitchens and bathrooms, and separate washers/dryers. The upstairs unit comes with in-ceiling speakers, a steam shower unit, and a unique reclaimed wood bar countertop that adds warmth to an already sunny unit. The back of the unit features a cozy office nook, perfect for WFH, with a private deck and a great view of the large backyard patio.

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Property:

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• Upstairs Unit: 4Br/3Bth; Downstairs Unit: 4Br/3Bth; Detached ADU: 1Br/1Bth (600 sq ft) in NOBE/Temescal neighborhoods
• 1,979 square foot triple
• 3 units with separate house numbers recorded by the city, 4 renters under contract in bottom unit for $6K per month in revenue
• Completely refinished down to the studs in 2017, refitted with new foundation with retaining wall
• Brand new electrical throughout each unit
• New roof installed in 2020 with 10-year warranty
• Large backyard deck and patio
• Accessible attic storage
• Double-paned windows throughout
• Toto toilets in primary bedrooms and ADU
• Washer / Dryer in each unit

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Property:

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• Temescal Creek Park
• Temescal Farmers’ Market every Sunday
• UCSF Children’s Hospital
• Claremont Country Club
• Trader Joe’s, Whole Foods, Safeway, Sprouts
• Oakland Public Library
• MacArthur BART station
• Target, Best Buy, IKEA
• Pilates, barre, and yoga studios

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