Pending

62nd Avenue

Oakland, CA 94605
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SqFt3,289

Sqft(Lot)

Acres

Acres (Lot)

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Don't miss this incredible investment opportunity to own a well maintained, income-generating 5- unit 3289 sq ft spacious property in Oakland! This prime multi family investment offers both immediate rental income and long-term value. The property yields $124,500 annually, providing a solid return on investment. Good news, all units are eligible for rent increases. This 5-unit complex is an ideal investment for those looking to enter Oakland's growing real estate market or to expand their portfolio. With primary veteran housing subsidies in place, this property provides financial security and the potential for future appreciation. Guaranteed rental income from four units housing veterans. Gated property for tenant safety and privacy,located in a quiet residential area with proximity to parks, schools and local amenities. Quick access to I-580, public transportation and a short commute to downtown Oakland and Lake Merritt. AS AN INCENTIVE TO THE BUYER THE SELLER IS OFFERING $500 towards Home Warranty Plan. Seller to Offer $1000 towards commercial washer and dryer and a 2 year roof certification.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $860,000

AD Id : 59855400

MLS Id : 224116449

Living Area Size : 3,289

County : Alameda

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: In & Connected, Public Sewer
  • Flooring Information

    Carpet, Linoleum
  • Roofing Information

    Flat
  • Interior Features

    Roof: Flat Laundry Features: In Common Area
  • Heating & Cooling

    Heating: Wall Furnace Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1960 Stories: 2 Construction Materials: Stucco, Wood Roof: Flat Foundation Details: Slab
  • Exterior Features

    Fenced Yard
    Foundation Details: Slab
  • Laundry Features

    In Common Area

  • Lot Information

    Lot Description: Curbs/Gutters, Sidewalk Lot Square Feet: 3,759 Stories: 1 Main Square Feet: 3,289

    Property Information

    Property Type: ResidentialIncome Sub Type: 5 or More Units SQ ft (Living Area): 3,289 Construction Materials: Stucco,Wood Property Age: 66 Cross Street: Bancoft Source Neighborhood: Oakland Zip 94605 Area: Oakland S: 94605 Zoning: Multi Family Dwelling Living Area Source: Assessor Auto-Fill Structure Type: Apartments

    Farm Info

    Irrigation Source: None

  • Listing Price Information

    Listing Id: 224116449 List Price: $860,000 List Price Tot SqFt: $261

  • Tax Information

    Parcel Number: 038-3200-005-02

  • Parking Information

    Parking Total: 4 Attached, Carport, Covered, Side-by-Side

  • Elementary School District: Oakland Unified
    Junior High School District: Oakland Unified
    Senior High School District: Oakland Unified
  • Utility Information

    Electric
  • Location Information

    Direction: I-580 to Seminary turn right, left on Camden St, right on 62nd Ave
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
6646 Macarthur Boulevard, Oakland, CA, 94605 $15,995,000 -- -- 53,000 26,000.96 Sqft(Lot)
10838 Monan St, Oakland, CA, 94605 $150,000 -- -- -- 6,606 Sqft(Lot)
6 Turner Ct, Oakland, CA, 94605 $2,999,000 -- -- -- 48,352 Sqft(Lot)
11275 Kerrigan Dr, Oakland, CA, 94605 $565,000 -- -- -- 153,332 Sqft(Lot)
Burr Street, Oakland, CA, 94605 $225,000 -- -- -- 8,500 Sqft(Lot)
6955 Chestnut, Oakland, CA, 94605 $1,029,000 -- -- -- 6,499.15 Sqft(Lot)
Macarthur Boulevard, Oakland, CA, 94605 $1,677,000 -- -- -- 676,922,400 Sqft(Lot)
Macarthur Boulevard, Oakland, CA, 94605 $1,996,000 -- -- -- 532,738,800 Sqft(Lot)
Macarthur Boulevard, Oakland, CA, 94605 $1,795,000 -- -- -- 15,537.85 Sqft(Lot)
Parker Avenue, Oakland, CA, 94605 $998,000 -- -- -- 5,475.49 Sqft(Lot)

ByOwner last updated this listing 06/12/2026 @ 13:25

MLS: 224116449 LISTED BY: Barbara Williams, Sterling Royal Real Estate SOURCE: MLS Metrolist

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