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$ 995,000
Est. payment | /mo
4,745 SqFt
$ 995,000
Est. payment | /mo
4,745 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,745 sqft
Price per Sqft $209
Subdivision Oakland
MLS Listing ID 41125171
HOA Y/N No
Year Built 1952
Lot Size 4,800 Sqft
Acres 0.11
Property Sub-Type Multi Family
Property Description
1661 Fruitvale Avenue, Oakland, CA presents a compelling value-add opportunity in the heart of Oakland's Fruitvale district. This well-located 6-unit apartment building offers strong in-place income with over 35% rental upside, creating a clear path to meaningful NOI growth through strategic management and unit improvements. The property consists of six units, including four one-bedroom/one-bath units and two two-bedroom/one-bath units. The one-bedroom units offer conversion potential, providing investors with the opportunity to reconfigure layouts and further enhance rental income. The balanced unit mix supports broad tenant appeal and consistent demand in this vibrant rental corridor. Operational efficiency is strengthened by separate gas and electric metering, minimizing landlord utility expenses and improving expense control. The property also includes four private parking garages, a valuable amenity in the neighborhood that enhances tenant retention and offers potential for additional revenue. Ideally positioned near shopping, dining, public transit, and major commuter routes, 1661 Fruitvale Avenue benefits from strong local fundamentals and steady rental demand. With significant upside, utility separation, garage parking, and value-add potential, this asset represents an at
Location
State CA
County Alameda
Rooms
Basement None
Interior
Heating Other
Cooling Other
Flooring Carpet, Wood
Fireplace No
Laundry Other
Building
Lot Description Level
Sewer None
Water Public
New Construction No
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Listed by Willem Bos • COMPASS
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Patrick Nagel
REALTOR® | Lic# 1760790