1051 61st Street

Oakland, CA 94608

$1,295,000
Price
5
Beds
4
Baths
2,336 Sq. Ft.
$554 / Sq. Ft.
2,336
Sq. Ft.
$554
per Sq. Ft.

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...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.
  1. Listed by Giuseppe Zumbo • DRE #01753412 • Corcoran Icon Properties

Property Details for 1051 61st Street

City
OAKLAND
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Off-Street Parking, RV/Boat Parking
Park Spaces Total
11

Location

Listing Courtesy of Corcoran Icon Properties, Giuseppe Zumbo, DRE #01753412
Add your commute
LISTING UPDATED: 04/24/2024 03:26 PM

Property Details for 1051 61st Street

StatusPending
MLS #41056200
Days on Compass8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1951
Lot Size0.17 AC / 7,368 SF
CountyAlameda County

Location

Listing Courtesy of Corcoran Icon Properties, Giuseppe Zumbo, DRE #01753412
Add your commute

Building Information for 1051 61st Street

Stories-Residences4Year Built1951Building Size-Lot Size0.17 AC / 7,368 SF

Payment Calculator

$8,538 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,067

Property Taxes

$1,471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1051 61st Street

Features
Feature Details
  • Flooring: Linoleum, Partial Carpeting, Wood
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Carbon Mon Detector, Smoke Detector, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Regular
  • Lot Sq Ft Apx: 7368
  • Lot Size Square Feet: 7368.0
  • Roof: Tar and Gravel
  • Sq Ft Apx: 2336
  • Yard Description: Landscape Front, Wood Fencing
  • Year Built: 1951
  • Acres: 0.17
Location Details
  • Directions to Property: San Pablo to 61st Street
  • FIPS Code: 06001
  • Parcel Number: 15-1338-6-4
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 4
  • Basement: None
  • Parking Description: Off Street Parking, RV/Boat Parking
  • Existing Lease Terms: Month to Month
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Rental Agreement
Unit 1 Details
  • Unit #/Address - 1: 1051
  • Occupied By 1: Tenant
  • Bedrooms 1: 1
  • Bathrooms 1: 1
  • Rent 1: 823
Unit 2 Details
  • Unit #/Address - 2: 1053
  • Occupied By 2: Tenant
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Rent 2: 903
Unit 3 Details
  • Unit #/Address - 3: 1053-A
  • Occupied By 3: Vacant
  • Bedrooms 3: 1
  • Bathrooms 3: 1
Unit 4 Details
  • Unit #/Address - 4: 1055
  • Occupied By 4: Vacant
  • Bedrooms 4: 2
  • Bathrooms 4: 1
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: None
Additional Information
Additional Information
  • Fireplace: No

Property History for 1051 61st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1051 61st Street

Taxable ValueLand$300,000Additions$700,000Total$1,000,000
Tax Record2023$17,650 ($1,471 / month)
Home Facts
Total Finished SqFt2,336 SqFtAbove Grade Finished SqFt2,336 SqFtStories2Lot Size7,368 SqFtStyleQuadraplexYear Built1951CountyALAMEDAAPN15-1338-6-4

Schools near 1051 61st Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Sankofa United Elementary School
PublicK to 5

Claremont Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Aspire Berkley Maynard Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Icon Properties, Giuseppe Zumbo, DRE #01753412

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.