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Open House Times
- Thu. Jun. 04 at 2:00pm to 3:30pm
About the Listing ML5012166 - ML5085268,ML5085267
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.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
ML82049153
Year Built
1955
Total Square Footage
2,428
Lot/Acreage
0.09
Interior Details
- Bedrooms: 4
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: Carpet,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Paved,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: Residential Multifamily
- Roof: Flat,Tar/Gravel
- Others:
- Sewer: Public Sewer
- Parking Features: Uncovered
Financial Details
- Tax Amount: $10,159
- Taxes w/Assessments: N/A
- Tax/Property ID: 021022001101
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1718 6th Ave Oakland, CA 94606
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