1051 61st St, Oakland, CA 94608
PENDING

1051 61st St
Oakland, CA 94608

Paradise Park
  • 5 Beds
  • 4 Baths
  • 2,336 sqft
  • 5 Beds
  • 4 Baths
  • 2,336 sqft

$1,295,000

Est. Mortgage $8,347/mo*

Local Information

map showing home location
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-- mins to
Commute Destination

Description

1051-1055 61st Street is an incredibly rare opportunity to acquire a well maintained “NOBE” Fourplex with currently (two) Vacant Unit’s plus a Vacant detached office space & full bath Boasting 2,336±SF of living space features desirable unit mix of (3) 1BD/BA; (1) 2BD/1BA. In addition, the detached office space is tucked away in the rear of the property portioned behind automatic gate opener for maximum privacy. This massive 7,368±SF Lot can accommodate 11-parking space or is prime for potential ADU development. Water, gas & electric is separately metered including a fifth electric building meter. Projected Rental Income over 90K±/annually (5.21%± Cap Rate, 14.39± GRM) with add value opportunity & over 100K± in capital improvements. Neighboring development adds style & sophistication to this trending neighborhood. Get your daily exercise along the Emeryville Greenway that extends from Berkeley 9th St Bike Blvd to Horton St, to Mandela Parkway. WalkScore of 91, BikeScore of 87. Minutes to Ashby BART Station, downtown Berkeley, Oakland & San Francisco Bay Bridge. Centrally located near I-580/80. Access throughout the Bay Area makes “NOBE” the heart of the proper EastBay & one of the City’s most desirable submarkets.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$554
Listed
13 days ago

Home Details for 1051 61st St

Interior Features

Interior Details
Basement: None
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 4
Dimensions and Layout
Living Area: 2336 Square Feet
Appliances & Utilities
Utilities: Individual Electric Meter, Individual Gas Meter
Heating & Cooling
Heating: Wall FurnaceHas CoolingAir Conditioning: No Air ConditioningHas HeatingHeating Fuel: Wall Furnace
Windows, Doors, Floors & Walls
Flooring: Linoleum, Partial Carpeting, Wood
Levels, Entrance, & Accessibility
Floors: Linoleum, Partial Carpeting, Wood
Security
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior Features

Exterior Home Features
Fencing: WoodExterior: Landscape Front
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Off Street,RV/Boat Parking

Days on Market

Days on Market: 13

Property Information

Year Built
Year Built: 1951
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Construction Materials: Stucco
Property Information
Parcel Number: 15133864

Price & Status

Price
List Price: $1,295,000Price Per Sqft: $554
Status Change & Dates
Off Market Date: Wed Apr 24 2024

Active Status

MLS Status: Pending

Location

Direction & Address
City: Oakland

Agent Information

Listing Agent
Listing ID: 41056200

Building

Building Area
Building Area: 2336 Square Feet

HOA

No HOA

Lot Information

Lot Area: 7405.2 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, FHA

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 41056200Projected Close Date: Fri May 17 2024
Last check for updates: about 12 hours ago
Listing courtesy of Giuseppe Zumbo DRE #01753412, (510) 331-5153
Corcoran Icon Properties
Source: bridgeMLS/CCAR/Bay East AOR, MLS#41056200

Price History for 1051 61st St

DatePriceEventSource
04/24/2024$1,295,000PendingbridgeMLS/CCAR/Bay East AOR #41056200
04/16/2024$1,295,000PriceChange
bridgeMLS/CCAR/Bay East AOR #41056200
11/22/2022$1,050,000PriceChange
CRMLS #41013759
11/09/2022$1,095,000Listed For SalebridgeMLS/CCAR/Bay East AOR #41013759
09/20/2021$688,500Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$17,650
Assessment$1,000,000
Home facts updated by county records

Comparable Sales for 1051 61st St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.25
Multi-Family Home
$985,000
11/17/23
4
4
2,564
0.45
Multi-Family Home
$911,000
05/11/23
5
4
2,738
0.40
Multi-Family Home
$785,000
02/27/24
5
4
2,215
0.13
Multi-Family Home
$1,275,000
06/12/23
9
4
3,752
0.24
Multi-Family Home
$1,200,000
03/01/24
8
4
2,902
0.35
Multi-Family Home
$875,000
03/22/24
4
3
2,134
0.14
Multi-Family Home
$1,300,000
06/09/23
4
3
1,971
0.42
Multi-Family Home
$1,140,000
05/23/23
8
4
2,700
0.42
Multi-Family Home
$1,342,000
05/12/23
8
4
3,200

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Paradise Park

  • Trulia User
    "There are lots of new families moving in. I would not let my kids walk alone in this neighborhood. Great food nearby though …paradise park cafe on San Pablo & Alcatraz, best sushi barn this neighborhood = Mijuri on San Pablo and a Brewery across from mijuri. "
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  • Trulia User
    "There is some police presence as there were two homicides within the last 6 months on the next street over. Some night you can hear gun popping."
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  • Ariel G.
    "Flee market, farmers market, liquor stores, amc theater, Bay Street, local dispensaries, local restaurants, small businesses. "
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  • Marycgreening
    "A mile to BART, accessible to freeways. Not a problem except if driving into SF. Mmmmmmmmmmmmmmmmmmmmm"
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  • Marycgreening
    "National Night Out outside the local church. The diverse range of neighbors all join in to eat, talk, dance and connect."
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  • Deejay
    "It’s decently safe, but it’s very dirty and there is a lot of homelessness. I would not want to raise a family here, but it’s accessible and affordable."
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  • Dcharlesbart
    "Great location, good neighbors, good for dog owners, parks for kids, and food spots within walking distance."
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  • Dcharlesbart
    "Great neighbors and people who care about the community. I love this neighborhood cause it’s old school Oakland, but safe. People look out for each other and it won’t make better homes and garden, but a bunch of kids and dog owners and folks who care!"
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  • Boo D. S.
    "arts, music warehouses, hipsters, easy transport in and out, great groceries nearby, walk to emeryville or berkeley. definitely active place; for sure you will know the neighbors all up and down the streets. friendly, creative, you can even play piano on the street."
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LGBTQ Local Legal Protections

Giuseppe Zumbo, Corcoran Icon Properties
Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-02-14 12:48:06 PST.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1051 61st St, Oakland, CA 94608 is a 5 bedroom, 4 bathroom, 2,336 sqft multi-family built in 1951. 1051 61st St is located in Paradise Park, Oakland. This property is currently available for sale and was listed by bridgeMLS/CCAR/Bay East AOR on Apr 16, 2024. The MLS # for this home is MLS# 41056200.