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1051 61St St Oakland, CA 94608
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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
Parking Features RV Access/Parking, On Street
Roof Type Tar/Gravel
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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Bought with Giuseppe Zumbo • Corcoran Icon Properties