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Listed by Joey Wang • Keller Williams Realty
$ 825,000
Est. payment /mo
New
808 61St St Oakland, CA 94608
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
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
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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