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Welcome to 808 61st Street"”where the location is unbeatable, the bones are solid, and the rent... well, it's mostly a theory at this point. Several units are currently not paying rent, which is either a tragedy or a setup for one of the best-value adds you'll see this year. Priced at just $825,000, this five-unit property is tucked into North Oakland's Santa Fe neighborhood"”just minutes to Ashby BART, UCSF Benioff Children's Hospital, and Temescal's café scene. With a 96 Walk Score and 98 BikeScore, this is a commuter's dream and a landlord's "someday soon" payday. The building spans approx. 3,262 sq ft across a ~4,500 sq ft lot, with a mix of unit types: studios, 1BDs, 2BDs, and a 3BD layout"”split between a fourplex facing 61st and a single unit above the garage on MLK Jr Way. Once stabilized, the projected CAP is around 10%, offering huge upside for investors with a strong stomach and a game plan. It's not for the faint of heart"”but for the bold, this is a rare under-$1M entry into a well-located Oakland asset with long-term gains written all over it.
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
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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