624-626 60th St - Apartments FOR SALE


Oakland, CA 94609
$1,299,500 USD
916-698-9954
624-626 60th St, Oakland, CA for Sale
$1,299,500 USD
Apartments - FOR SALE
1/63
null | Request Cap Rate

624-626 60th St
Oakland, CA 94609


HIGHLIGHTS

  • Owner occupy potential
  • One unit delivered vacant
  • Separate GAS, Electric, and water meters
  • New Paint
  • New back stair case
  • 500 SF shed in back

OVERVIEW

624 60th St, hosts an expansive 2,326 sq. ft. building situated on a 3,620 sq. ft. lot, presenting an enticing prospect for a new homeowner looking for a stable investment and a wonderful place to live. The duplex features two thoughtfully laid-out units located directly next to Bushrod Park. The bottom floor unit is any new homeowner's dream, with over 1,000 sq. ft. of potential. It features two bedrooms and a jack and jill bathroom, a dedicated dining room, a living room, and its own laundry room to be delivered vacant, allowing your personal touch. Meanwhile, the upstairs hosts over 1,100 sq. ft. unit with a nearly identical layout and is currently rented for $3,228 per month, providing a steady income stream that can significantly reduce any owner's mortgage. Both units' wood floors and southern exposures provide the warmth of lovely living spaces. In addition, this building has a large back shed with over 500 sq. ft. of secured space, allowing an owner-occupier to use this for their own personal use or rent it out for even more additional income (the property neighbor has already expressed interest in the potential rent of this space). There are front and back yards and a long off-street driveway for Tandem parking. This is a well-maintained asset that has been freshly painted, recently landscaped, and had significant capital improvements done, including a brand new back staircase case, all while maintaining its historic beauty by current owners. Situated only blocks from Adeline St BART and easy freeway access while still being on a quiet off-set street near local parks and coffee shops, this property has it all. Any home buyer or investor will want to take advantage of this opportunity.

FOR SALE DETAILS

PRICE

$1,299,500 USD

PRICE/SF

$184 USD /SF

# OF UNITS

2

PRICE/UNIT

$649,750

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,615 SF

ZONING

R-40, Oakland

APN/PARCEL ID

015-1360-007-00

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

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Willem BosCompass CommercialMore Info
916-698-9954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.