2570 61st Avenue, Oakland, California 94605, Oakland, 94605 - 5 bed, 3 bath
Loading property details...
Oakland, California 94605
This property presents a High-Potential Investment Opportunity with a List Price of $699,888—positioned well below the $726,962 Fair Market Value by 3%. This valuation gap offers $27,074 in Instant Equity for buyers. Featuring a Fair Condition Rating and an existing ADU, the property provides significant value-add potential through renovation. Its commuter-friendly location near I-580 and I-880 enhances long-term rental demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking to maximize equity through a comprehensive remodel.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2570 61st Avenue Subject | $699,888* List Price | 5 | 3 | 1,629 | $446 | - |
A 3118 3118 63rd Ave Sold | $635,000 | 3 | 1 | 1,240 | $512 | 0.4 mi |
B 2732 60th Avenue Active | $498,800 List Price | 3 | 1 | 1,224 | $408 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1938, this property is explicitly marketed as a 'fixer upper' requiring a full remodel. While there are signs of partial or mid-process updates in the kitchen and bathrooms, the overall condition shows significant wear, incomplete finishes, and aged systems that necessitate a comprehensive rehabilitation.
The inclusion of an existing ADU provides immediate flexibility for rental income, a home office, or multi-generational living, significantly increasing the property's utility and value.
As a fixer-upper on a generous 5,950 sq ft lot, this property offers substantial upside potential for investors or buyers looking to build equity through a custom renovation.
Situated with easy access to I-580 and I-880, the property is ideally positioned for professionals needing convenient transit routes to the broader Bay Area.
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.
The property is marketed as a fixer-upper, indicating that it requires significant capital investment and labor to bring it up to modern living standards.
Built in 1938, the home likely requires updates to core systems such as plumbing, electrical, or roofing, which can lead to unforeseen costs during the remodeling process.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,629 | 1,587.5 |
| Lot Size | 5,950 | 5,000 |
| Price | $699.9K | $1.06M |
| Price per sq ft | $430 | $623 |
| Built year | 1938 | 1928 |
| HOA | $0 | $338 |
| Days on market | 26 | 35 |
Jun 26, 2026
$699,888
Initial Listing