2963 62nd, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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2963 62nd
Oakland, California 94605
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,135Sq Ft
3,565Lot Size
Property Price
LIST PRICE$674,000
EST. MARKET VALUE
$674,000
SUMMARY
This duplex represents a High-Potential Investment Opportunity, listed at a List Price of $674,000, which aligns with the current $674,000 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 5, the 2,135 square foot footprint provides a substantial canvas for redevelopment. The vacant, stripped-to-the-studs unit allows for immediate construction, while the occupied unit offers potential for rental income. This asset is best suited for Buy-and-Hold Investors or Contractors capable of managing a full-scale renovation project.
Estimated Market Value
$674,000
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 |
|---|---|---|---|---|---|---|
★ 2963 62nd Subject 0 bd · 0 ba · 2,135 sqft · $316 | $674,000* List Price | 0 | 0 | 2,135 | $316 | - |
A 2562 E 60th Ave Active 0 bd · 0 ba · 2,040 sqft · $319 · 0.3 mi | $650,000 List Price | 0 | 0 | 2,040 | $319 | 0.3 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 1950, this duplex is a significant rehab project. One unit is currently stripped to the studs, and the visible bathroom in the other unit shows heavy wear, dated fixtures, and potential moisture damage, meeting the criteria for a property needing full redevelopment.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Potential
With one unit already stripped to the studs, this property offers a blank canvas for investors to renovate to modern standards and maximize market rent or resale value.
- Flexible Occupancy Options
The duplex configuration provides excellent versatility for multi-generational living or an owner-occupant looking to offset their mortgage with rental income from the second unit.
- Generous Interior Square Footage
At 2,135 square feet, the property offers a substantial footprint for a duplex, allowing for spacious unit layouts that are highly attractive to future tenants.
CONSRISKS & DEFICIENCIES
- High Immediate Capital Expenditure
The 'stripped to the studs' condition of the vacant unit requires significant upfront investment and construction oversight before the property can become fully income-producing.
- As-Is Sale Limitations
Sold in as-is condition, the property may face challenges with traditional financing and requires a buyer prepared to manage all existing deferred maintenance and structural needs.
About 2963 62nd
Rare value-add duplex opportunity in Oakland. One unit is vacant and stripped to the studs, ready for redevelopment, while the second unit is owner-occupied. Excellent potential for rental income or multi-generational living after improvements. Sold as-is.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1950
- Lot Size
- 3,565 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 | 2,135 | 2,403.227 |
| Lot Size | 3,565 | 4,461.364 |
| Price | $674.0K | $900.8K |
| Price per sq ft | $316 | $343 |
| Built year | 1950 | 1919 |
| HOA | $0 | $0 |
| Days on market | 178 | 67 |
Pricing History
Listed for Sale
Sep 11, 2026
$674,000
$579,000
+16% Price Increase
Initial Listing
Price Change
Apr 29, 2026
$579,000
Initial Listing
Sold
Sep 16, 2022
$595,000
Public Record