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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.

Property Facts

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
Walk Score ®
Very Walkable (87)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R-40, Oakland
R-40, Oakland
  • Listing ID: 33087300

  • Date on Market: 9/6/2024

  • Last Updated:

  • Address: 624-626 60th St, Oakland, CA 94609

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