Key information
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Units 5
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Year Built 1922
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Average Unit Size 652
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Building Size 3,262
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Land Area (Sq Ft) 4,500
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Parking 2
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Separate Meters Gas, Electric
Pricing Metrics
CAP Rate:
7.2%
GRM:
7.1
Price per Unit:
$165,000
Price per Square Foot:
$253
Property Summary
Five-unit fixer with serious upside in North Oakland’s Santa Fe neighborhood. 808 61st St is offered at just $825,000 and includes a fourplex (facing 61st) and one unit over garage (facing MLK Jr Way) totaling 3,262 sq ft on a 4,500 sq ft lot. Unit mix includes studios, 1BDs, 2BDs, and a 3BD layout—perfect for future rent optimization. Four of the five units are currently not paying rent, creating a rare value-add opportunity for investors with vision and fortitude. Once stabilized at market rents, the projected CAP rate is approximately 10%. Located near Ashby BART, UCSF Benioff Children’s Hospital, and Temescal, with a 96 Walk Score and 98 Bike Score. A rare sub-$1M multifamily play in a high-demand location.
Financial Summary
Gross Rents (Annual):
$110,400
Other Income:
$5,100
Expense Pass Through:
$0
Effective Gross Income:
$59,006
Vacancy Reserve:
$5,775
Operating Expenses:
$50,719
Net Operating Income:
$59,006
Market Rents (Annual):
$131,400
Rent Gap:
19%
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Operating Expenses
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Property Tax Rate:
N/A
Property Tax (Base):
N/A
Property Tax (Additional Assessments):
N/A
Business License Fee:
N/A
Rent Board Fee:
N/A
Other Program Fee:
N/A
Property Management:
N/A
Resident Manager:
N/A
- Maintenance, Repairs, and Reserves : N/A
- Turnover Costs : N/A
- Landscaping : N/A
- Pest Control : N/A
- Janitorial : N/A
- Insurance : N/A
- Gas & Electricity : N/A
- Garbage : N/A
- Water & Sewer : N/A
- Other Utilities : N/A
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Rent Roll
Log in to view all information| Unit Mix | Occupancy | Unit Size | Current Rent (Average) | Market Rent Estimate | Comments |
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| N/A | N/A | N/A | N/A | N/A | N/A |
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