808 61St St Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94608
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,262 sqft
Price per Sqft $252
Subdivision Alameda County
MLS Listing ID 41109999
Year Built 1922
Lot Size 4,500 Sqft
Property Sub-Type 5 or More Units
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
Interior
Heating Electric,Natural Gas,Wall Furnace,Hot Water
Cooling Ceiling Fan(s)
Flooring Hardwood,Hardwood Flrs Throughout,Tile,Vinyl
Laundry Common Area,Dryer,Gas Dryer Hookup,Washer,Washer/Dryer Hookups
Building
Lot Description Level,Front Yard,Garden,Landscaped
Water Mutual Water