2963 62nd, Oakland, California 94605, Oakland, 94605 - 0 bed, 0 bath
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Oakland, California 94605
This Value-Add Residential Income Duplex represents a strategic redevelopment asset with a List Price of $579,000. While the price sits above the $421,620 Fair Market Value, the property offers a Competitive Entry Point for a 2,135 square foot multi-family structure in Oakland. Currently maintaining a Major Rehab Condition Rating, one unit is already stripped to the studs, providing a blank canvas for modernization to drive forced appreciation. This "as-is" opportunity is a high-potential project for Fix-and-Flip Investors or Contractors looking to capitalize on local rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2963 62nd Subject | $579,000* List Price | 0 | 0 | 2,135 | $257 | - |
A 6504 6504 Bancroft Ave Active | $645,000 List Price | 0 | 0 | 1,906 | $338 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950, this property is a major rehab project. One unit is currently stripped to the studs, requiring complete installation of all systems, kitchen, and baths. While the other unit is occupied, the overall age and 'as-is' condition necessitate a full renovation to meet modern standards.
With one unit already stripped to the studs, investors have a blank canvas to modernize the space, maximize rental rates, and build immediate sweat equity through redevelopment.
The duplex configuration offers versatile options for buyers, including house-hacking by living in one unit while renovating the other, or operating it as a high-yield multi-family rental.
Listed at $579,000 for over 2,100 square feet, this property provides a relatively low entry cost into the Oakland residential income market compared to turnkey multi-family assets.
The vacant unit requires a full build-out from the studs, which will necessitate significant upfront capital, contractor management, and navigation of the local permitting process.
Sold in as-is condition, the property may have deferred maintenance or underlying system issues that the buyer must assume without seller concessions or repairs.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,135 | 2,394 | 50% |
| Lot Size | 3,565 | 3,582.5 | 50% |
| Price | $579.0K | $614.5K | 50% |
| Price per sq ft | $271 | $255 | 50% |
| Built year | 1950 | 1946 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 91 | 25% |
Apr 29, 2026
$579,000
Initial Listing
Sep 16, 2022
$595,000
Public Record