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$825,000
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Property 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. 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,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 $500 towards Home Warranty Plan. Seller to Offer $1000 towards commercial washer and dryer and a 2 year roof certification.
Full Property Details
Full Property Details for 2649 62nd Ave
General
- Sold For: $825,000
- Status: Closed
- Type: Multi-Family
- Source: METROLIST_Cali
- MLS ID: 224116449
- Added to Site: 493 day(s) ago
Interior
- Flooring: Carpet, Linoleum
Rooms
Other Rooms
- Laundry: In Common Area
Exterior
- Exterior Features: Fenced Yard
Parking
- Total Spaces: 4
- Parking: Attached, Carport, Covered, Side-by-Side
Location
- Area: Oakland Zip 94605
- County: Alameda
- Cross Streets: Bancoft
- Driving Directions: I-580 to Seminary turn right, left on Camden St, right on 62nd Ave
School Information
- School District: Alameda
- Elem School District: Oakland Unified
- Midd School District: Oakland Unified
- High School District: Oakland Unified
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: In & Connected, Public Sewer
- Water: Public
- Utility Description: Electric
Structural Information
- Architectural Style: Two Story
- Construction: Stucco, Wood
- Foundation: Slab
- Roof: Flat
- Stories/Levels: 1
- Square Feet: 3,289
- Sq. Ft. Source: Assessor Auto-Fill
- Year Built: 1960
Unit Information
Unit 1
- Bedrooms: 1
Unit 2
- Bedrooms: 1
Unit 3
- Bedrooms: 2
Unit 4
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.0863
- Lot Size (Sq. Ft.): 3,759
- Irrigation System: None
- Zoning: Multi Family Dwelling
- Lot Description: Curbs/Gutters, Sidewalk
Disclosures and Reports
- Special Conditions: None
- APN: 038-3200-005-02
Listed by Sterling Royal Real Estate
Sold by eXp Realty of Northern CA, Inc
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Schools
Schools serving 2649 62nd Ave
School District:Oakland Unified School District
| Name | Grades | Distance |
|---|---|---|
Greenleaf Elementary School 6328 East 17th Street, Oakland, CA 94621 | K-8 | 0.5 mi |
Frick United Academy of Language 2845 64th Avenue, Oakland, CA 94605 | 6-8 | 0.2 mi |
Coliseum College Prep Academy 1390 66th Avenue, Oakland, CA 94621 | 6-12 | 0.7 mi |
Madison Park Academy 6-12 400 Capistrano Drive, Oakland, CA 94603 | 6-12 | 3 mi |
Castlemont High 8601 MacArthur Boulevard, Oakland, CA 94605 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2649 62nd Ave
Date
Details
Price
Change
Source
8/01/2025
Sold
$825,000
-4.07%
MLS
2/26/2025
Price Reduced
$860,000
-13.57%
MLS
1/23/2025
Price Reduced
$995,000
-0.5%
MLS
10/16/2024
Listed
$1,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2649 62nd Avenue, Oakland, CA 94605 (MLS# 224116449) is a Multi-Family property that was sold at $825,000 on August 01, 2025. Want to learn more about 2649 62nd Avenue? Do you have questions about finding other Multi-Family real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.

