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Listed by Tony Zizzo • Compass
$ 795,000
Est. payment | /mo
2,428 SqFt
$ 795,000
Est. payment | /mo
2,428 SqFt
Open House
Thu Jun 04, 2:00pm - 3:30pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,428 sqft
Price per Sqft $327
MLS Listing ID ML82049153
HOA Y/N No
Year Built 1955
Lot Size 3,750 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Fourplex in Oakland - 6.47% cap rate 1718 6th Avenue is a clean four-unit asset in the Clinton neighborhood offered at $795,000, with a pro forma cap rate of 7.83% at market rents. The building totals 2,428 square feet on a 0.09-acre lot and features a uniform mix of four 1BD/1BA apartments, keeping operations simple and occupancy steady. Ownership expenses are minimal. The owner is responsible only for trash, water, and sewer. All four units have separate gas and electric meters with no house meters on the building, meaning all tenant utilities are individually paid. The property sits within walking distance of Lake Merritt, Grand Avenue, and Lakeshore, with quick access to Kaiser Permanente, PG&E headquarters, Jack London Square, and Downtown Oakland. Nearby BART and freeway access to I-580 and I-880 provide straightforward commutes to San Francisco, Berkeley, and Silicon Valley. The vacant unit offers an immediate opportunity to renovate and lease at market rents, generating income growth from day one while the occupied units provide stability. The consistent unit mix and low expense structure make this equally suited to a seasoned investor or an owner-user looking to offset carrying costs with rental income.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Other
Flooring Tile
Fireplace No
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
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