425 63rd Street

Oakland, CA 94609

$1,200,000
Price
Beds
2,582 Sq. Ft.
$465 / Sq. Ft.
2,582
Sq. Ft.
$465
per Sq. Ft.

Description

Located on a beautiful tree-lined street, this charming property is a wonderful opportunity to own a four-unit income property on the North Oakland/Berkeley border. The 2-story barn is currently used as storage, but it is spacious and has huge potential! Maybe fix it up, put on a new door and rent it too? the barn also has a big loft area on its second floor! With a high walkability score and convenient location near restaurants, shops and public transportation, this property is a hidden gem with...Located on a beautiful tree-lined street, this charming property is a wonderful opportunity to own a four-unit income property on the North Oakland/Berkeley border. The 2-story barn is currently used as storage, but it is spacious and has huge potential! Maybe fix it up, put on a new door and rent it too? the barn also has a big loft area on its second floor! With a high walkability score and convenient location near restaurants, shops and public transportation, this property is a hidden gem with so much overall potential! The estimated income referenced in the listing is an estimate of potential rents for all 4 units. Two of the units are currently vacant. The vacant units (427 & 431) include: 1) a spacious two-bedroom one bath unit on the second floor (427) and, 2) a very nice one bedroom one bathroom unit on the first floor (431). There are two other tenant occupied units on the first floor: 1) a lovely one-bedroom unit in front rented for $657.25 per month; and 2) a studio apartment near the rear rented for $695 per month. We only have estimated expense figures (after initial fixup) not actual. We have a roof, termite, and home inspection.
  1. Listed by Aileen Castillo • DRE #01780415 • Brokerage DRE #01354442 • Intero Real Estate Services • 650.430.6500
  2. Listed by Mike Foor • DRE #00904917 • Brokerage DRE #01354442 • Intero Real Estate Services

Property Details for 425 63rd Street

MLS City Name
OAKLAND
Building Type
FOURPLEX
Garage Spaces
3
Parking Spaces
10
Cross Street
Colby St
LISTING UPDATED: 11/13/2024 11:21 AM

Property Details for 425 63rd Street

StatusActive
MLS #ML81984653
Days on Compass59
Taxes$16,800 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1913
Lot Size0.12 AC / 5,150 SF
CountyAlameda County

Building Information for 425 63rd Street

Stories2Residences4Year Built1913Building Size-Lot Size0.12 AC / 5,150 SF

Property Information for 425 63rd Street

Features
Features
  • Communications: Fiber Ready
  • Fireplace: No
  • Flooring: Hardwood, Tile, Vinyl / Linoleum, Other
  • Laundry: Coin Operated
  • Living SqFt: 2582
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas, Electric, Floor Furnace, Other
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Detached Garage, Guest / Visitor Parking, Off-Street Parking, On Street, Room for Oversized Vehicle
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Oakland Zip Code 94609
  • Roof: Composition, Other
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 425
  • Street Name: 63rd
  • Street Suffix: Street
  • Area ID: 2609
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2582
  • Structure SqFt Source: Assessor
  • Age: 111
Development Information
  • Ownership Type: Individual
  • Zoning Detail: RM-1
Location Information
  • City Limits: Yes
  • Parcel Number: 016-1392-036-02
  • County Name: Alameda
  • City Name: OAKLAND
  • City Postal ID: 131
  • Postal Code: 94609
  • Elementary School District: 1686
  • High School District Text: Oakland Unified
Lot Information
  • Foundation: Post and Beam, Reinforced Concrete, Other
  • Horse Property: No
  • Lot Acres: .12
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $16,800
  • Building Unit Total: 4
  • Capitalization Rate: 3.47
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Parking, Rents, Storage Area, Other
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $4,000
  • Expense Landscape: $0
  • Expense Maintenance: $5,000
  • Expense Management: $6,238
  • Expense Trash: $2,600
  • Expenses Other: $0
  • Expenses Utility: $2,400
  • Expenses Total: $37,038
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 15.26
  • Income Annual Gross: $78,624
  • Income Annual Rental: $78,624
  • Income Gross Scheduled: $78,624
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $695
Unit 2 Information
  • Unit 2 Approx Square Footage: 1
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $657
Unit 3 Information
  • Unit 3 Approx Square Footage: 1
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $3,200
Unit 4 Information
  • Unit 4 Approx Square Footage: 1
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,000
Unit Type 1
  • Unit Type1 Approx SqFt: 1

Property History for 425 63rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 425 63rd Street

Taxable ValueLand$420,000Additions$980,000Total$1,400,000
Tax Record2024$21,580 ($1,798 / month)
Home Facts
Total Finished SqFt2,582 SqFtAbove Grade Finished SqFt2,582 SqFtStories2Lot Size5,150 SqFtStyleQuadraplexYear Built1913CountyALAMEDAAPN16-1392-36-2

Schools near 425 63rd Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Peralta Elementary School
PublicK to 5

Claremont Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Oakland International High School
Public9 to 12

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

425 63rd Street is a multi-family home for sale in Oakland, CA 94609. This property was listed for sale on October 23, 2024 by Intero Real Estate Services, it's currently listed at $1,200,000. This listing's school district is Oakland Unified School District. Nearby schools include Peralta Elementary School, Claremont Middle School and Oakland Technical High School. 425 63rd Street is a 0-bed, 0-bath, 2,582 sqft multi-family home built in 1913.

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 Intero Real Estate Services, Aileen Castillo, DRE #01780415; Intero Real Estate Services, Mike Foor, DRE #00904917

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.