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808 61St St, Oakland, CA 94608

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For Sale

$825,000

3,262 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $252.91
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 41109999

Courtesy Of Keller Williams Realty Walnut Creek

(925) 934-2900

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Garden
  • Appliances
    Dryer
  • Architecture Style
    Other
  • Exterior Type
    Aluminum Siding, Stucco
  • Floor Covering
    Hardwood, Tile, Vinyl, Wood
  • Lot Size
    0.1 Acres

Map and Directions

Directions to 808 61St St, Oakland, CA 94608

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.