Property summary
This exceptional multifamily property, located at 624 60th St, Oakland, CA 94609, presents a compelling investment opportunity. The 2,326 square foot building sits on a 0.08-acre lot (3,620 square feet) and boasts two generously sized units. The ground floor unit, offering over 1,000 square feet, features two bedrooms, a jack-and-jill bathroom, a dining room, a living room, and its own laundry room. This unit will be delivered vacant, allowing for immediate customization. The upper unit, also exceeding 1,100 square feet, mirrors the layout of the lower unit and is currently rented for $3,228 per month, providing a consistent income stream. Both units feature hardwood floors and enjoy southern exposure. Adding to the property's appeal is a large, approximately 500 square foot shed in the rear, offering additional storage or potential rental income. Built in 1908, the property has recently undergone improvements including fresh paint and a new back staircase. The property's location adjacent to Bushrod Park adds to its desirability. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly sought-after Oakland neighborhood. The asking price is $1,325,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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