Oakland, CA 94606
$745,000
Bed
0
Bath
0
Living Space
2,428 SqFt
Year Built
1955
Lot Size
3,750 SqFt
Days
92
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 provided courtesy ofTony Zizzo License 01962093 Compass, Ray Rodriguez License 01999734 Compass
Data provided by MLSListings Inc.
- La Escuelita Elementary School (Elementary) - GreatSchools rating 2/10 - Westlake Middle School (Middle) - GreatSchools rating 2/10 - Oakland High School (High) - GreatSchools rating 4/10 School District: Oakland Unified
Within a 1-2 mile radius of 1718 6th Ave, Oakland, CA, several parks and recreational areas are available. These include Clinton Square Park, located at 1230 6th Avenue, which is within close proximity. Lake Merritt, a large urban lake and wildlife refuge, is also within walking distance and offers various amenities such as walking paths and boating. Additionally, Eastshore Park and Snow Park are accessible, providing green spaces for recreation.
The property is located in the Clinton neighborhood of Oakland. This area is characterized by its proximity to Lake Merritt, Grand Avenue, and Lakeshore, offering a variety of local businesses, dining options, and community amenities. The neighborhood provides convenient access to major employers and popular destinations such as Jack London Square and Downtown Oakland.
This location has a Walk Score of 96 out of 100, indicating it is a Walker's Paradise where daily errands can be accomplished without a car. The Transit Score is 69 out of 100, signifying good transit options. Nearby transit routes include AC Transit bus lines such as the 6, 12, and 57, as well as BART (Bay Area Rapid Transit) with several lines accessible within a short distance.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- La Escuelita Elementary School (Elementary) - GreatSchools rating 2/10 - Westlake Middle School (Middle) - GreatSchools rating 2/10 - Oakland High School (High) - GreatSchools rating 4/10 School District: Oakland Unified
Within a 1-2 mile radius of 1718 6th Ave, Oakland, CA, several parks and recreational areas are available. These include Clinton Square Park, located at 1230 6th Avenue, which is within close proximity. Lake Merritt, a large urban lake and wildlife refuge, is also within walking distance and offers various amenities such as walking paths and boating. Additionally, Eastshore Park and Snow Park are accessible, providing green spaces for recreation.
The property is located in the Clinton neighborhood of Oakland. This area is characterized by its proximity to Lake Merritt, Grand Avenue, and Lakeshore, offering a variety of local businesses, dining options, and community amenities. The neighborhood provides convenient access to major employers and popular destinations such as Jack London Square and Downtown Oakland.
This location has a Walk Score of 96 out of 100, indicating it is a Walker's Paradise where daily errands can be accomplished without a car. The Transit Score is 69 out of 100, signifying good transit options. Nearby transit routes include AC Transit bus lines such as the 6, 12, and 57, as well as BART (Bay Area Rapid Transit) with several lines accessible within a short distance.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
