Oakland, CA 94608,1051 61St St
Oakland, CA 94608,1051 61St St
Oakland, CA 94608,1051 61St St
$1,300,000
Est. payment /mo
$1,295,000
0.4%
Est.Price: ?

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7,365 Sqft Lot
SOLD DATE : 05/03/2024

Key Details

Sold Price $1,300,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41056200

Sold Date 05/03/24

HOA Y/N No

Year Built 1951

Lot Size 7,365 Sqft

Property Description

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.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Flooring Carpet, Laminate, Wood

Fireplace No

Exterior

Garage RV Access/Parking, On Street

Roof Type Tar/Gravel

Parking Type RV Access/Parking, On Street

Total Parking Spaces 11

Building

Sewer Public Sewer

Others

Tax ID 15133864

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash

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California Regional MLS (CRMLS)
Listed by Giuseppe Zumbo • Corcoran Icon Properties
Bought with Giuseppe Zumbo • Corcoran Icon Properties

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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