2649 62nd Avenue

Oakland, CA 94605

$1,000,000
Price
4
Beds
3
Baths
3,289 Sq. Ft.
$304 / Sq. Ft.
3,289
Sq. Ft.
$304
per Sq. Ft.

Description

Don't miss this incredible investment opportunity to own a well maintained, income-generating 5- unit 3289 sq ft spacious property in Oakland! This prime multi family investment offers both immediate rental income and long-term value. The property yields $124,500 annually, providing a solid return on investment. Good news, all units are eligible for rent increases. This 5-unit complex is an ideal investment for those looking to enter Oakland's growing real estate market or to expand their portfolio....Don't miss this incredible investment opportunity to own a well maintained, income-generating 5- unit 3289 sq ft spacious property in Oakland! This prime multi family investment offers both immediate rental income and long-term value. The property yields $124,500 annually, providing a solid return on investment. Good news, all units are eligible for rent increases. This 5-unit complex is an ideal investment for those looking to enter Oakland's growing real estate market or to expand their portfolio. With primary veteran housing subsidies in place, this property provides financial security and the potential for future appreciation. Guaranteed rental income from four units housing veterans. Gated property for tenant safety and privacy, on site laundry facilities for tenant convenience, located in a quiet residential area with proximity to parks, schools and local amenities. Quick access to I-580, public transportation and a short commute to downtown Oakland and Lake Merritt. As an incentive to the buyer the seller is offering one year of a home warranty plan plus pay for the first 3 claims.
  1. Listed by Barbara Williams • DRE #01450396 • Sterling Royal Real Estate
    P: (916)-402-5361 BARBARAWILLIAM1701@SBCGLOBAL.NET
  2. Listed by Malinda M Rideaux • DRE #02132904 • Sterling Royal Real Estate
    P: (925)-234-5329 rideaux2016@gmail.com

Property Details for 2649 62nd Avenue

Parking Features
Attached, Carport, Covered, Side-by-Side
Zoning
Multi Family Dwelling
LISTING UPDATED: 10/22/2024 04:15 PM

Property Details for 2649 62nd Avenue

StatusActive
MLS #224116449
Days on Compass7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1960
Lot Size0.09 AC / 3,759 SF
CountyAlameda County

Building Information for 2649 62nd Avenue

Stories2Residences5Year Built1960Building Size-Lot Size0.09 AC / 3,759 SF

Property Information for 2649 62nd Avenue

Summary
Location and General Information
  • Area/District: Oakland Zip 94605
  • Area Short Display: 2605
  • Cross Street: Bancoft
  • City: Oakland
  • County: Alameda
  • State: CA
  • Zip Code: 94605
  • Directions to Property: I-580 to Seminary turn right, left on Camden St, right on 62nd Ave
Taxes and HOA Information
  • APN: 038-3200-005-02
  • License Fee: $.00
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: false
  • Association Fee: $.00
School Information
  • School District (County): Alameda
  • Elementary School District: Oakland Unified
  • Middle or Junior School District: Oakland Unified
  • Senior High School District: Oakland Unified
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 4
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Parking Fee $: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Assessor Agent-Fill
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 0
  • Lot Size Acres: 0.0863
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 3759.0
  • Lot Features: Curbs/Gutters, Sidewalk
Property and Assessments
  • Home Warranty: false
  • Irrigation: None
  • Year Built: 1960
  • Picture Count: 27
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Property Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. <BR> All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. <BR> Copyright</A> &copy; 2024, MetroList Services, Inc. <BR> Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList® MLS & Broker Participants of any MLS with a current reciprocal agreement with MetroList® that provides for such offers of compensation.
  • Census Tract: 4087.0
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: In & Connected, Public Sewer
  • Utilities: Electric
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 1
  • Construction Materials: Stucco, Wood
  • Foundation: Slab
  • Levels: Two
  • Exterior Features: Fenced Yard
  • Horse Property: false
  • Pool: false
  • Roof: Flat
  • Senior Community: false
Interior Features
  • Heating: Wall Furnace
  • Laundry Features: In Common Area
  • Spa: false
  • # of Fireplaces: 0
  • Cooling: None
  • Flooring: Carpet, Linoleum
  • Entry Level: 0
  • Possible Bedrooms: 0.0
  • Bedrooms: 0
  • Bathrooms: 0.0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 4
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 4
2 Bedroom Unit
  • # of 2 Bedroom Units: 1
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 1
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 5
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • Num of Units: 5
Multi-Family Additional Information
  • 2nd Unit Approx SqFt: 0.0
  • 2nd Unit Rents for: $.00
  • 2nd Unit Bedrooms: 0.0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent Source: Owner
  • Unit 1 Rent: $1,800.00
  • Unit 1 Approx SqFt: 700.0
  • Unit 1 SqFt Source: Not Measured
  • Unit 1 # of Rooms: 4
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent Source: Owner
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 4
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Occupancy: Tenant
  • Unit 3 Rent Source: Owner
  • Unit 3 Rent: $2,175.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 4
Unit 4
  • Unit 4 Bedrooms: 1
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $825.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 4
Mobile/Manufactured Home
  • Width: 0.0
  • Length: 0.0
  • Berth Size Length: 0.0
  • Berth Size Width: 0.0
Income & Expenses
  • Income Includes: Laundry
Rental
Rent Information
  • Land Lease: false
  • Studio Annual Occupancy: .00%

Property History for 2649 62nd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2649 62nd Avenue

Taxable ValueLand$206,579Additions$482,212Total$688,791
Tax Record2023$13,792 ($1,149 / month)
Home Facts
Total Finished SqFt3,289 SqFtAbove Grade Finished SqFt3,289 SqFtStories2Lot Size3,760 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyALAMEDAAPN38-3200-5-2

Schools near 2649 62nd Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Greenleaf Elementary School
PublicK to 8

Frick United Academy of Language
Public6 to 8

Castlemont High
Public9 to 12

East Oakland Leadership Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2649 62nd Avenue is a multi-family home for sale in Oakland, CA 94605. This property was listed for sale on October 16, 2024 by Sterling Royal Real Estate, it's currently listed at $1,000,000. It has been on the market for a total of 7 days and was last sold on March 2, 2016. This listing's school district is Oakland Unified School District. Nearby schools include Greenleaf Elementary School, Frick United Academy of Language and Castlemont High. 2649 62nd Avenue is a 4-bed, 3-bath, 3,289 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sterling Royal Real Estate, Barbara Williams, DRE #01450396; Sterling Royal Real Estate, Malinda M Rideaux, DRE #02132904

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.