624-626 60th St
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624-626 60th St
2 Unit Apartment Building $1,299,500 ($649,750/Unit) Oakland, CA 94609
Investment Highlights
- Owner occupy potential
- Separate GAS, Electric, and water meters
- New back stair case
- One unit delivered vacant
- New Paint
- 500 SF shed in back
Executive Summary
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.
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.
Property Facts
Price | $1,299,500 | Apartment Style | Low Rise |
Price Per Unit | $649,750 | Building Class | C |
Sale Type | Investment | Lot Size | 0.08 AC |
Sale Conditions | 1031 Exchange | Building Size | 2,326 SF |
Gross Rent Multiplier | 15 | Average Occupancy | 50% |
No. Units | 2 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1908 |
Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
Price | $1,299,500 |
Price Per Unit | $649,750 |
Sale Type | Investment |
Sale Conditions | 1031 Exchange |
Gross Rent Multiplier | 15 |
No. Units | 2 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.08 AC |
Building Size | 2,326 SF |
Average Occupancy | 50% |
No. Stories | 2 |
Year Built | 1908 |
Parking Ratio | 0.86/1,000 SF |
Unit Amenities
- Storage Space
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1.5 | 1 | $3,228 | 1,100 |
2+1 | 1 | - | 1,049 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Biker's Paradise (99)
zoning
Zoning Code | R-40, Oakland |
R-40, Oakland |
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624-626 60th St
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