1028 61st St, Oakland, California 94608, Oakland, 94608 - 0 bed, 0 bath
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Oakland, California 94608
This Multi-Unit Income Asset is listed at $1,180,000—positioned below the $1,195,787 Fair Market Value by 1%. This valuation gap provides $15,787 in Instant Equity. The property holds a Condition Rating of 4, featuring a 2-bedroom main house and a rear duplex on an expansive 6,000 sq. ft. lot with a private deck. Located in the trendy NOBE area near top-rated schools like Peralta Elementary, it offers exceptional flexibility for rental income. This is a premier choice for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1028 61st St Subject | $989,000* List Price | 0 | 0 | 2,236 | $446 | - |
A 6015 Adeline St Active | $869,888 List Price | 3 | 2 | 1,772 | $491 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is over 100 years old (built 1920) and while it features recent cosmetic refreshes like interior/exterior paint and refinished hardwood floors, the kitchen is dated with older oak-style cabinetry and laminate countertops. Systems are a mix of new water heaters and older wall heaters rather than modern central HVAC, indicating a need for further modernization of core systems and wet areas.
The property features three distinct units across two buildings, offering exceptional flexibility for owner-occupants to offset their mortgage or for investors to maximize rental yield in a high-demand area.
With refinished hardwood floors, fresh interior and exterior paint, and updated water heating systems, the property presents a refreshed, move-in-ready aesthetic that reduces immediate post-purchase maintenance costs.
Situated in the desirable 'North Oakland, Berkeley, Emeryville' border, the property benefits from close proximity to major shopping centers, diverse dining, and robust transportation links, ensuring long-term desirability.
Built in 1920, the property may possess aging core systems or structural elements typical of the era that could require future seismic or utility upgrades beyond the recent cosmetic improvements.
While the area offers access to some high-performing schools, several of the immediate neighborhood school options carry low ratings, which may limit the property's appeal to families prioritizing education.
Discover a rare opportunity to own 2 Properties on one lot. REDUCED PRICE. The front property is a 2-Bedroom, 1-Bathroom home and the back property is a 2-story duplex, all situated on a generous 6,000 sq. ft. lot. The main house boast a well designed layout, refinished hardwood floors, new paint throughout the interior and exterior, laundry area and charming front porch. The duplex offers 2 separate 1-bedroom, 1-bathroom living, refinished hardwood floors, new interior paint in the lower unit, new water heater and wall heater in the lower unit. Top unit has a tankless water heater. The expansive lot provides plenty of outdoor space for entertaining, gardening or future enhancements. This property offers and abundance of flexibility, live in one unit and rent out the other two. Close to transportation and Emeryville shopping.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades PK-5 • 0.9 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 3.0 | 2% |
| Square foot | 2,236 | 1,500 | 87% |
| Lot Size | 6,000 | 3,585 | 94% |
| Price | $989.0K | $956.5K | 54% |
| Price per sq ft | $442 | $585 | 15% |
| Built year | 1920 | 1912 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 94 | 12% |
May 16, 2026
$989,000
$1,180,000
-16% Price Drop
Initial Listing
Apr 29, 2026
$1,180,000
Initial Listing