Presented by
Michael Feiner

Lovely Home with Rental Income
Exceptional Oakland Investment

5709 Walnut Street, Oakland

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$819,000

Welcome to this Dream Home!

Welcome to 5709 Walnut Street
This exceptional property is comprised of a house plus 3 apartment rentals in 2 two-story buildings located on an exceptionally large 7,894 square foot lot.
Perfect opportunity to live in your own home with rental income to off-set your mortgage and tax costs, multigenerational or family living or a traditional investment property.
 
This sun filled home is 3 bedrooms and 2.5 bathrooms in 1,500 square feet. Upstairs is the Living Room and Kitchen with Breakfast Nook, 2 bedrooms and 1.5 bathrooms. The lower floor has a large Family Room, 1 bedroom and 1 bathroom and laundry. The lower floor also has its own exterior access. Don’t miss the oversized 2 car garage with interior access and lots of storage with room for your exercise or meditation space or workshop.
 
Located in the highly sought after Maxwell Park/Frick neighborhood known for friendly residents and strong sense of community. Take a walk on the ideally located Mills College at Northeastern University campus or to Maxwell Park then to shopping, dining, cafes and Farmer Joe’s Marketplace. Convenient access AC Transit bus and BART (Good Transit Score of 54), 580/880/Hwy 13, downtown Oakland, the Oakland International Airport and San Francisco. Walk Score of 70 (most errands are walkable) and Bike Score of 59 (flat as a pancake).
 
Front Building:
 5709 Walnut Street is a lovely 3 bedroom / 2.5 bath home of 1,500 square feet with a large 2 car garage.
 5709 A Walnut Street is a 1 bedroom / 1 bathroom apartment of 736 square feet.

 Back Building:
 5707 Walnut Street (upper) is a 1 bedroom / 1 bathroom apartment of 735 square feet.
 5705 Walnut Street (lower) is a 2 bedroom / 1 bathroom apartment of 800 square feet.
 
 Exceptionally large 7,894 square foot lot with an additional garage in the back - Add an ADU?
 
 Each unit is individually metered for PGE (gas and electric) and EBMUD (water) making property management a snap.
 
 The house is vacant and waiting for you to bring your imagination and personal touch to make this a fabulous home.   
 
 Don't miss out on this exceptional property with upside potential - stable income, opportunity for rent increases and property appreciation over time.
 
 *Square footage not verified or guaranteed by the Seller or Listing Agent.  Buyers encouraged to verify the square footage of building and lot size and conduct and rely solely on their own investigation.  Neither the Seller or Listing Agent has investigated or verified the accuracy of any of these sources of information.

OPEN HOUSE Sunday September 20 @ 2 - 4 pm.  
All apartments will be available for viewing.
 
 MLS #41148581
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Property Details

Neighborhood Maxwell Park/Frick
Square Feet 3,771 sq ft
Property Type House + 3 Apartments
Lot Size 7894

Floor Plan
House Only

Floor plan

Floor plan

Explore the Neighborhood

Nestled in-between High Street and 55th Avenue, just south of Interstate-580, Maxwell Park is a popular neighborhood in East Oakland. Originally developed by John P. Maxwell, many of the homes in Maxwell Park were built in the 1920s and 1930s, and when compared to real estate in North Oakland and Downtown Oakland, feature lower prices per square foot. Residents of Maxwell Park are within close proximity to Mills College, small shopping plazas, restaurants, and plenty of public transit options. As the neighborhood name might suggest, Maxwell Park offers a small community park near Allendale Avenue and Lilac Street. Featuring plenty of trees, a playground, and is directly next to the Peter Pan Nursery School, which has provided a nurturing environment for kids aged 2-6 since 1947. Add in the convenient access to incredible schools like Melrose Leadership Academy, and you can see why families love living in Maxwell Park. MacArthur Blvd., between Loma Vista and High Street, is just a few blocks from Maxwell Park, and features a variety of popular restaurants, retail stores, and service shops. Some of the notable restaurants include the World Ground Cafe, Fist of Flour Doughjo and Everett and Jones BBQ. Commuters love Maxwell Park due to the easy access to the AC Transit Route 14, which provides a direct route to the Fruitvale BART station. The bus ride to Fruitvale Station is less than 15 minutes from Maxwell Park, and from here, commuting to the heart of Oakland, or be in San Francisco’s Financial District in less than 30 minutes.

OPEN HOUSE
Sunday, September 20
2 - 4 pm
All apartments will be available for viewing