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Five-unit fixer with serious upside in North Oakland's Santa Fe neighborhood. 808 61st St is offered at just $825,000 and includes a fourplex (facing 61st) and one unit over garage (facing MLK Jr Way) totaling 3,262 sq ft on a 4,500 sq ft lot. Unit mix includes studios, 1BDs, 2BDs, and a 3BD layout"”perfect for future rent optimization. Four of the five units are currently not paying rent, creating a rare value-add opportunity for investors with vision and fortitude. Once stabilized at market rents, the projected CAP rate is approximately 10%. Located near Ashby BART, UCSF Benioff Children's Hospital, and Temescal, with a 96 Walk Score and 98 Bike Score. A rare sub-$1M multifamily play in a high-demand location.
Property Type(s):
Residential Income
| Last Updated | 9/2/2025 | Tract | ALAMEDA COUNTY |
|---|---|---|---|
| Year Built | 1922 | County | Alameda |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| APPLIANCES | Dryer, Gas Water Heater, Washer |
| CONSTRUCTION | Aluminum Siding, Stucco, Wood Siding |
| HEAT | Electric, Natural Gas, Wall Furnace |
| LOT | 4500 sq ft |
| SUBDIVISION | ALAMEDA COUNTY |
Location
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Listed with Keller Williams Realty
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