Pending
1051 61St St
Oakland CA, 94608
$1,295,000
$554.37 per sqft
Pending
5 Beds
2,336 sqft
Multi-family
Built in 1951
1051-1055 61st Street is an incredibly rare opportunity to acquire a well maintained "NOBE" Fourplex with currently (two) Vacant Unit's plus a Vacant detached office space & full bath Boasting 2,336+-SF of living space features desirable unit mix of (3) 1BD/BA; (1) 2BD/1BA. In addition, the detached office space is tucked away in the rear of the property portioned behind automatic gate opener for maximum privacy. This massive 7,368+-SF Lot can accommodate 11-parking space or is prime for potential ADU development. Water, gas & electric is separately metered including a fifth electric building meter. Projected Rental Income over 90K+-/annually (5.21%+- Cap Rate, 14.39+- GRM) with add value opportunity & over 100K+- in capital improvements. Neighboring development adds style & sophistication to this trending neighborhood. Get your daily exercise along the Emeryville Greenway that extends from Berkeley 9th St Bike Blvd to Horton St, to Mandela Parkway. WalkScore of 91, BikeScore of 87. Minutes to Ashby BART Station, downtown Berkeley, Oakland & San Francisco Bay Bridge. Centrally located near I-580/80. Access throughout the Bay Area makes "NOBE" the heart of the proper EastBay & one of the City's most desirable submarkets.
41056200
MLSⓇ ID
April 16, 2024
Listed
April 25, 2024
Updated
Map
1051 61St St
Oakland CA, 94608
Interior Features
Bedrooms
5 Beds
Floor Description
Linoleum, Partial Carpeting, Wood
Fireplace
No
Cooling
Yes
Cooling Description
No Air Conditioning
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.17 Acres
Exterior Features
Landscape Front
Lot Features
Regular
Other Property Details
Area Name
Oakland
Garage
No
Parking
Off Street, RV/Boat Parking
View
No
County
Alameda
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
4/24/2024 | Pending | — |
Listed by Giuseppe Zumbo with Corcoran Icon Properties
Listing Contact: 510-331-5153
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