2570 61st Avenue, Oakland, California 94605, Oakland, 94605 - 5 bed, 3 bath
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2570 61st Avenue
Oakland, California 94605
ACTIVE
CONDITION: POOR
5Beds
3Baths
1,629Sq Ft
5,950Lot Size
Property Price
LIST PRICE$599,888
EST. MARKET VALUE
$540,109
11% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $599,888—positioned well below the $540,109 Fair Market Value by -11%. While the property requires significant capital expenditure due to its Condition Rating of 5, the inclusion of an existing ADU and a 5,950 sq ft lot provides substantial value-add potential. This asset is ideal for Buy-and-Hold Investors or Contractors capable of executing a full-scale renovation to capture long-term rental income or equity growth.
Estimated Market Value
$540,109
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 |
|---|---|---|---|---|---|---|
★ 2570 61st Avenue Subject 5 bd · 3 ba · 1,629 sqft · $332 | $599,888* List Price | 5 | 3 | 1,629 | $332 | - |
A 2732 60th Avenue Active 3 bd · 1 ba · 1,224 sqft · $408 · 0.1 mi | $498,800 List Price | 3 | 1 | 1,224 | $408 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1938 and explicitly marketed as a 'fixer upper' for investors, the property shows significant deferred maintenance including heavily worn hardwood floors and aged exterior siding. While there are partial, recent updates to the kitchen and bathrooms, they appear incomplete or DIY-quality, and the overall structure requires a full professional rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The inclusion of an existing ADU alongside a 5-bedroom main house provides excellent flexibility for rental income, multi-generational living, or a house-hacking strategy.
- Significant Value-Add Upside
As a fixer-upper with a versatile floor plan, this property offers investors and contractors a rare opportunity to build substantial equity through renovation and customization.
- Expansive Lot Size
The 5,950 sq ft fully fenced lot is generously sized for the area, providing ample space for gardening, outdoor entertaining, or potential future footprint expansion.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1629, other record living area = 1234. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
- Extensive Renovation Required
The property is explicitly marketed as a fixer-upper, requiring significant capital expenditure and time for remodeling before it is move-in ready or rent-stabilized.
- Market Stagnation
With 99 days on the market and a recent $100,000 price reduction, the property may carry a stigma or face challenges regarding its initial valuation and underlying condition.
About 2570 61st Avenue
This is a perfect opportunity for an investor/end-user to remodel/renovate! Rent both the main home and the ADU OR live in one and rent the other. Opportunity awaits at this charming Oakland property featuring 5 bedrooms, 3 bathroom, and 1,629 sq ft of living space on an expansive 5,950 sq ft lot. This fixer upper offers incredible potential for investors, contractors, or buyers looking to customize a home to their vision. Inside, you'll find a spacious living room, large kitchen, dedicated dining area, and generously sized bedrooms that provide a comfortable layout to build upon. The fully fenced property offers privacy and ample outdoor space, highlighted by a large backyard with endless possibilities for gardening, entertaining, expansion, or recreation. An existing ADU adds valuable flexibility for extended family, guests, rental income, or a home office setup. Conveniently located near schools, shopping, dining, parks, public transit, and major commuter routes including I-580 and I-880. With its huge lot, versatile floor plan, and tremendous upside potential, this is a rare opportunity to create something truly special in Oakland.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 5,950 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
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 | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,629 | 1,591.405 |
| Lot Size | 5,950 | 5,033.821 |
| Price | $599.9K | $1.04M |
| Price per sq ft | $368 | $611 |
| Built year | 1938 | 1927 |
| HOA | $0 | $227 |
| Days on market | 120 | 36 |
Pricing History
Listed for Sale
Jul 24, 2026
$599,888
$699,888
-14% Price Drop
Initial Listing
Price Change
Jun 26, 2026
$699,888
Initial Listing