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
Five-unit fixer with serious upside in North Oakland's Santa Fe neighborhood. 808 61st St is offered at just $825,000 and includes a fourplex (facing 61st) and one unit over garage (facing MLK Jr Way) totaling 3,262 sq ft on a 4,500 sq ft lot. Unit mix includes studios, 1BDs, 2BDs, and a 3BD layout-perfect for future rent optimization. Four of the five units are currently not paying rent, creating a rare value-add opportunity for investors with vision and fortitude. Once stabilized at market rents, the projected CAP rate is approximately 10%. Located near Ashby BART, UCSF Benioff Children's Hospital, and Temescal, with a 96 Walk Score and 98 Bike Score. A rare sub-$1M multifamily play in a high-demand location.
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,Heater - Gas
Others
Tax ID 16-1434-4-2
Special Listing Condition Not Applicable