2562 E 60th Ave, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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2562 E 60th Ave
Oakland, California 94605
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,040Sq Ft
2,974Lot Size
Property Price
LIST PRICE$599,999
EST. MARKET VALUE
$628,658
4% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a versatile duplex listed at $599,999, positioned well below the $628,658 Fair Market Value by 4%. This valuation gap offers $28,659 in Instant Equity. With a Fair Condition Rating and modern 2000 construction, the property features a 3-bed/2-bath unit with elevated hill views and a 2-bed/2-bath unit. Delivered fully vacant, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through immediate rental income.
Estimated Market Value
$628,658+$28,659 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2562 E 60th Ave Subject 0 bd · 0 ba · 2,040 sqft · $308 | $599,999* List Price | 0 | 0 | 2,040 | $308 | - |
A 2963 62nd Active 0 bd · 0 ba · 2,135 sqft · $316 · 0.3 mi | $674,000 List Price | 0 | 0 | 2,135 | $316 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2000, the property is 24 years old, placing it in the 'Fair' category. While it is well-maintained with updated laminate flooring and fresh paint, the kitchen features dated original wood cabinetry and older appliances. The systems are modern for the area, but the overall aesthetic requires cosmetic updates to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction
Built in 2000, this property avoids the common maintenance issues of older Oakland homes, such as lead paint or asbestos, and features updated electrical systems and contemporary layouts.
- Immediate Vacancy
Both units are delivered fully vacant, providing maximum flexibility for an owner-occupant to move in immediately or for an investor to set market-rate rents without tenant displacement challenges.
- Strong Cash Flow Potential
With previous rental history exceeding $3,000 per unit and a competitive list price, the property offers an attractive cap rate and a significant opportunity to offset mortgage costs.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
The modest lot size of 2,974 square feet provides very little private yard or garden space, which may be a drawback for tenants with pets or families.
- High-Density Location
Situated in a dense residential pocket of East Oakland, the property may face challenges related to neighborhood congestion and parking compared to more suburban or premium districts.
About 2562 E 60th Ave
Fully vacant duplex! Live in one, rent out the other! Fantastic opportunity to own a well-maintained duplex with strong rental potential. Both units are currently vacant, offering flexibility for an owner-occupant or investor. The upstairs unit features a spacious 3-bedroom, 2-bath layout with an open-concept floor plan, abundant natural light, and a refreshing balcony with elevated views. The downstairs unit offers a comfortable 2-bedroom, 2-bath layout. The property also features an attached garage, extensive driveway, and ample off-street parking. Built in 2000, the property offers modern construction with modern electrical systems and the peace of mind of no lead paint or asbestos associated with older construction. Both units have previously rented for over $3,000 each, offering an attractive opportunity for investors or buyers looking to offset their housing costs with rental income. A versatile property with excellent potential for both owner-occupants and investors!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 2000
- Lot Size
- 2,974 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,040 | 2,403.227 |
| Lot Size | 2,974 | 4,461.364 |
| Price | $600.0K | $900.8K |
| Price per sq ft | $294 | $343 |
| Built year | 2000 | 1919 |
| HOA | $0 | $0 |
| Days on market | 2 | 67 |
Pricing History
Listed for Sale
Oct 22, 2026
$599,999
Initial Listing
Sold
Apr 21, 2011
$186,000
Public Record
Sold
Nov 9, 2006
$546,000
Public Record