808 61St St Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94608
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,262 sqft
Price per Sqft $252
MLS Listing ID EB41109999
Bedrooms 6
Year Built 1922
Lot Size 4,500 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Welcome to 808 61st Street-where the location is unbeatable, the bones are solid, and the rent. well, it's mostly a theory at this point. Several units are currently not paying rent, which is either a tragedy or a setup for one of the best-value adds you'll see this year. Priced at just $825,000, this five-unit property is tucked into North Oakland's Santa Fe neighborhood-just minutes to Ashby BART, UCSF Benioff Children's Hospital, and Temescal's café scene. With a 96 Walk Score and 98 BikeScore, this is a commuter's dream and a landlord's "someday soon" payday. The building spans approx. 3,262 sq ft across a ~4,500 sq ft lot, with a mix of unit types: studios, 1BDs, 2BDs, and a 3BD layout-split between a fourplex facing 61st and a single unit above the garage on MLK Jr Way. Once stabilized, the projected CAP is around 10%, offering huge upside for investors with a strong stomach and a game plan. It's not for the faint of heart-but for the bold, this is a rare under-$1M entry into a well-located Oakland asset with long-term gains written all over it.
Location
State CA
County Alameda
Area Oakland Zip Code 94608
Interior
Heating Gas,Wall Furnace ,Electric
Cooling Ceiling Fan
Flooring Tile,Vinyl,Hardwood
Laundry Gas Hookup,Hookup - Washer/Dryer ,Washer,Community Facility,Dryer
Exterior
Exterior Feature Aluminum Siding,Stucco,Wood Frame
Parking Features Detached Garage,Spaces per Unit - 1
Garage Spaces 5.0
Roof Type Tar and Gravel,Composition
Building
Lot Description Grade - Level
Water Public
Others
Tax ID 16-1434-4-2
Special Listing Condition Not Applicable