1718 6th AVE, Oakland, CA 94606
1718 6th AVE, Oakland, CA 94606
1718 6th AVE, Oakland, CA 94606
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Brian Zell And The Mashburn Zell Group

Brian Zell And The Mashburn Zell Group

+1(805) 836-4321
$795,000
Est. payment /mo
2,428 SqFt
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UPDATED:

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

Annual Tax Amount $10,159

Lot Size 3,750 Sqft

Property Sub-Type Quadruplex

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 699 - Not Defined

Zoning Residential Multifamily

Interior

Heating Wall Furnace

Flooring Carpet, Tile

Fireplace No

Exterior

Parking Features Uncovered

View Y/N No

Roof Type Flat,Tar/Gravel

Accessibility Other

Total Parking Spaces 2

Building

Lot Description Paved

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Schools

School District Other

Others

Tax ID 021022001101

Special Listing Condition Standard

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Listed by Tony Zizzo Compass #01962093

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Brian Zell And The Mashburn Zell Group

Brian Zell And The Mashburn Zell Group

+1(805) 836-4321

REALTOR®️ | License ID: DRE 01995643

REALTOR®️ License ID: DRE 01995643

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