808 61St St Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94608
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Alameda County
MLS Listing ID 41109999
Year Built 1922
Lot Size 4,499 Sqft
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
Exterior
Roof Type Shingle,Tar/Gravel
Building
Lot Description Street Level