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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