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Listed by Joey Wang • Keller Williams Realty
$825,000
Est. payment /mo
3,262 SqFt
UPDATED:
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
HOA Y/N No
Year Built 1922
Lot Size 4,500 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
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
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, Dryer, Gas Dryer Hookup, Washer, Washer/Dryer Hookups
Building
Lot Description Level, Front Yard, Garden, Landscaped
Water Mutual Water
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