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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Tony Zizzo, DRE #01962093 • Compass

$ 795,000

Est. payment | -/mo

4 Beds

4 Baths

2,428 SqFt

Save

$ 795,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,428 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,428 sqft

Price per Sqft $327

MLS Listing ID ML82049153

Bedrooms 4

Full Baths 4

Year Built 1955

Lot Size 3,750 Sqft

Property Sub-Type Fourplex

Source MLSListings, Inc.

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

Area Oakland Zip Code 94606

Zoning Residential Multifamily

Rooms

Kitchen Oven Range - Gas

Interior

Heating Wall Furnace

Cooling Other

Flooring Carpet, Tile

Exterior

Parking Features On Street, Uncovered Parking

Garage Spaces 2.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Tar and Gravel

Building

Lot Description Paved

Foundation Concrete Perimeter, Crawl Space

Sewer Sewer - Public

Water Private / Mutual

Others

Tax ID 021-0220-011-01

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

1718 6th AVE Oakland, CA 94606