Description
The property is an eight-unit multifamily investment opportunity located in Oakland's highly desirable NOBE neighborhood. The property consists of a two-story apartment building totaling approximately 4,632 square feet on a large 10,425 square foot corner lot. Originally built in 1925, the property features a desirable unit mix of four (4) studio units and four (4) one-bedroom units, well-positioned to meet strong rental demand from the surrounding North Oakland, Berkeley, and Emeryville markets. Recent capital improvements include a new roof and main electrical system upgrade. With its large parcel size, prominent corner lot positioning, and prime rental location, 1036 60th Street presents a compelling opportunity for investors seeking a value-add multifamily asset in one of the East Bay's most supply-constrained rental markets.
Details
| MLS # | 41128186 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1925 |
| Days On Site | 176 |
| Listing Provided By | NAI Northern California | Timothy Warren |
Features
| Units | 8 |
|---|---|
| Acreage | 0.24 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Washer |
Exterior
| Construction Materials | Stucco |
|---|---|
| Lot Features | Corner Lot |
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94608 |
| Community Name | NORTH OAKLAND |
| Listing VS Median (in NORTH OAKLAND) | |
Price: $1,350,000 low | high Med: $837,000 On site: 176 low | high Med: 72 | |
Market Activity 94608
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94608 |
| Community Name | NORTH OAKLAND |
| Listing VS Median (in NORTH OAKLAND) | |
Price: $1,350,000 low | high Med: $837,000 On site: 176 low | high Med: 72 | |
 | $849,0001042 61st StOakland, CA 94608 |