309 63rd St, Oakland, California 94618, Oakland, - bed, bath

home-pic
ACTIVE$1,495,000
309 63rd St, Oakland, California 94618
0Bed
0Bath
Sqft
2,094Lot
Year Built
1925
Close
-
List price
$1.5M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41072039
Home ConditionPoor
Features
View-

About this home

Attractive new price on this rarely available 4 unit building ready for new occupants just off College Avenue in the highly desirable Rockridge district. Your steps away from popular Cole Coffee, Yasai Market, Wood Tavern, La Farine Bakery, Ver Brugge butcher shop, Vino wine shop, Safeway and more. Just a few blocks to Trader Joe's, Market Hall, Rockridge BART and many fine restaurants and shops. Take AC Transit bus for easy access to UC, Berkeley, The Elmwood District or San Francisco. This earns its 97 "Walker's Paradise" and 94 "Biker's Paradise" scores. Each unit is filled with light with windows on 3 sides, hardwood floors and vintage details throughout. Kitchens have ample cabinetry and doors to a small rear yard. Your living and sleeping spaces are joined by glass paned french doors. Plenty of storage on the ground floor level with soaring ceiling heights inviting possibilities for expansion. Extra $1k+ income for garage/storage spaces. Projected cap rate over 6% in one of the most sought after East Bay Neighborhoods makes this a fabulous investment opportunity or owner occupancy with income.

Price History

Date
Event
Price
09/16/25
Price Change
$1,495,000
09/05/24
Listing
$1,695,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (5 Listings)
Beds00
Baths00
Square foot00
Lot Size2,0944,833
17%
Price$1.5M$1.45M
50%
Price per square foot$0$0
Built year19259580960
100%
HOA
Days on market425159
67%
Condition Rating
Poor

Built in 1925, this property is nearly 100 years old. While the hardwood floors appear maintained, the kitchens and bathrooms are extremely dated, featuring original-style cabinetry, integrated utility sinks, old appliances, and dated finishes (linoleum/tile). The heating system consists of wall-mounted units, indicating a lack of central HVAC. These critical areas require substantial modernization and rehabilitation to meet current standards, aligning with the 'Poor' condition criteria, despite the property being livable.
Pros & Cons

Pros

Prime Rockridge Location & Walkability: Situated in the highly desirable Rockridge district, the property boasts exceptional walkability (97 'Walker's Paradise' score) with immediate access to popular cafes, markets, restaurants, and shops along College Avenue.
Strong Investment Opportunity: This 4-unit building offers a projected cap rate over 6% and additional income potential from garage/storage spaces, making it a compelling investment for owner-occupants or pure investors.
Excellent Transit Accessibility: Just a few blocks from Rockridge BART and AC Transit bus lines, providing convenient access to UC Berkeley, the Elmwood District, and San Francisco.
Desirable Unit Features & Vintage Charm: Each unit is filled with natural light from windows on three sides, features hardwood floors, vintage details, and glass-paned French doors, enhancing tenant appeal.
Value Proposition & Expansion Potential: The property recently received an attractive price reduction from its original list price, and the ground floor offers ample storage with soaring ceiling heights, inviting possibilities for future expansion.

Cons

Age of Building & Potential System Updates: Built in 1925, the property's age suggests that major systems (plumbing, electrical, HVAC) may be original or outdated, potentially requiring significant capital expenditure for modernization or maintenance.
Limited Outdoor Space: With a lot size of 2094 sq ft for a quadruplex, and mention of only a 'small rear yard,' common outdoor space for tenants appears limited, which can be a drawback in an urban setting.
Unspecified Unit Modernization: While units have vintage charm, the description does not detail recent upgrades to kitchens or bathrooms beyond 'ample cabinetry,' implying these areas might require renovation to meet modern tenant expectations and maximize rental income.

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