1051 61st St

Oakland, CA 94608

1051-1055 61st Street is an incredibly rare opportunity to acquire a well maintained NOBE Fourplex with currently (two) Vacant Units plus a Vacant detached office space & full bath Boasting 2,336SF 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 7,368SF 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 Citys most desirable submarkets.

This is an Pending listing.

Broker Office Phone Number: 510-428-0900

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