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Excellent North Oakland Location 1036 60th St 8 Unit Apartment Building $1,425,000 ($178,125/Unit) 6.03% Cap Rate Emeryville, CA 94608



Investment Highlights
- 8-Unit Multifamily Asset located in Oakland’s highly desirable NOBE neighborhood at the convergence of North Oakland, Berkeley, and Emeryville.
- Large 10,425 SF Corner Lot with a 4,632 SF two-story building, o?ering excellent visibility and long-term upside potential.
- Prime East Bay Location near major employment centers, including Pixar Animation Studios, UC Berkeley, and Emeryville’s Bay Street retail district.
- Strong Unit Mix featuring (4) studio units and (4) one-bedroom units, well-positioned to capture consistent East Bay rental demand.
- Recent Capital Improvements include a new roof and an upgraded main electrical system.
- Excellent Commuter Access with proximity to Ashby and MacArthur BART stations and multiple AC Transit lines, providing easy connectivity to Berkeley,
Executive Summary
The Mitchell Warren Team is pleased to present 1036 60th Street, an eight-unit multifamily investment opportunity located in Oakland’s highly desirable NOBE neighborhood. The property consists of a two-story apartment building totaling approximately 4,632 square feet on a large 10,425 square foot corner lot. Originally built in 1925, the property features a desirable unit mix of four (4) studio units and four (4) one-bedroom units, well-positioned to meet strong rental demand from the surrounding North Oakland, Berkeley, and Emeryville markets. Recent capital improvements include a new roof and a main electrical system upgrade. With its large parcel size, prominent corner lot positioning, and prime rental location, 1036 60th Street presents a compelling opportunity for investors seeking a value-add multifamily asset in one of the East Bay’s most supply- constrained rental markets. 1036 60th Street is ideally located in the highly desirable NOBE neighborhood, where North Oakland, Berkeley, and Emeryville converge. This central location provides convenient access to major East Bay employment centers, including Pixar Animation Studios and Emeryville’s Bay Street retail district, as well as UC Berkeley. Residents benefit from proximity to the vibrant dining, retail, and entertainment corridors along San Pablo Avenue, Telegraph Avenue, and College Avenue. The property also o?ers excellent regional connectivity with nearby access to Ashby and MacArthur BART stations and multiple AC Transit lines, making commuting throughout the East Bay and San Francisco convenient.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Bay Window
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Yard
- Dining Room
Site Amenities
- Fenced Lot
- Gated
- Trash Pickup - Curbside
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 4 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 015-1338-014-03 | Improvements Assessment | $397,366 |
| Land Assessment | $177,264 | Total Assessment | $574,630 |
Property Taxes
Parcel Number
015-1338-014-03
Land Assessment
$177,264
Improvements Assessment
$397,366
Total Assessment
$574,630
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Excellent North Oakland Location | 1036 60th St
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