Oakland Multifamily Investment Opportunity

1036 60th Street, Oakland, CA 94608

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For Sale

$1,425,000

Eight-unit multifamily property in Oakland's NOBE neighborhood.

Property size:

4,632 SF

Lot size:

0.24 Acres

Price / SF:

$307/SF

HighLights

Eight‑unit multifamily investment opportunity in Oakland's desirable NOBE neighborhood.
Large 10,425 square foot corner lot.
Desirable unit mix of four (4) studio units and four (4) one‑bedroom units.
Recent capital improvements include a new roof and main electrical system upgrade.
Prime rental location near North Oakland, Berkeley, and Emeryville.
Value‑add opportunity in a supply‑constrained rental market.

We can help!

Listing Contact

TIMOTHY WARREN

For Sale

$1,425,000

Eight-unit multifamily property in Oakland's NOBE neighborhood.

Property size:

4,632 SF

Lot size:

0.24 Acres

Price / SF:

$307/SF

Added:: Mar 24, 2026
Days on Market:: 79
Last Refresh:: Mar 24 at 8:12 pm

Property Features for 1036 60th Street

General Information

Standard status: Active
Size: 4,632 SF
Lot size: 0.24 Acres

Building Details

Year Built: 1925

We can help!

Listing Contact

TIMOTHY WARREN

Listing agent TIMOTHY WARREN

Listing office NAI NORTHERN CALIFORNIA

Listing date Mar 24, 2026

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of NAI NORTHERN CALIFORNIA

HighLights

Eight‑unit multifamily investment opportunity in Oakland's desirable NOBE neighborhood.
Large 10,425 square foot corner lot.
Desirable unit mix of four (4) studio units and four (4) one‑bedroom units.
Recent capital improvements include a new roof and main electrical system upgrade.
Prime rental location near North Oakland, Berkeley, and Emeryville.
Value‑add opportunity in a supply‑constrained rental market.

Overview

This eight-unit multifamily property is located in the NOBE neighborhood of Oakland. Constructed in 1925, the two-story apartment building has approximately 4,632 square feet of space and sits on a 10,425 square foot corner lot. The unit mix includes four studio units and four one-bedroom units. Recent capital improvements include a new roof and an upgraded main electrical system. The property is well-positioned to meet rental demand from the surrounding North Oakland, Berkeley, and Emeryville markets, presenting an opportunity for investors seeking a value-add multifamily asset.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$186.2k	$40.20
− Vacancy	−$8.4k	−$1.81
EGI	$177.8k	$38.39
− OpEx	−$80.0k	−$17.28
NOI	$97.8k	$21.12

4,632 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,805 @ 7.0% cap · market cap 6.86%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,155 @ 7.0% cap · market cap 7.45%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Oakland
County: Alameda
State: California
Longitude: -122.2808795
Latitude: 37.8436585

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For sale
Apartment buildings
CA
Oakland
94608
1036 60th Street

What type of property is this?

Apartment building - Eight-unit multifamily property in Oakland's NOBE neighborhood.

Where is this apartment building located?

The property is located at 1036 60th Street Oakland, CA.

What is the asking price?

The asking price for this property is $1,425,000.

What are key features of this property?

This property features: Eight‑unit multifamily investment opportunity in Oakland's desirable NOBE neighborhood.; Large 10,425 square foot corner lot.; Desirable unit mix of four (4) studio units and four (4) one‑bedroom units.