1718 6th Ave, Oakland, CA 94606 For Sale

1718 6th Avenue presents a well-positioned multifamily investment opportunity in Oakland's Clinton neighborhood, offering investors a clean, manageable four-unit asset with immediate upside potential. Offered at $795,000, the property delivers a current 6.47% cap rate with a pro forma 7.83% cap rate at market rents, making it an attractive acquisition for both first-time multifamily buyers and seasoned investors looking to expand their Oakland portfolio.

The property consists of a two-story, four-unit apartment building totaling 2,428 square feet on a 0.09-acre lot. Built in 1955 with wood frame and stucco construction, the building features a uniform unit mix of four one-bedroom, one-bathroom apartments. This consistent configuration keeps day-to-day operations simple and supports steady occupancy, while one currently vacant unit offers immediate upside potential for a new owner to renovate and lease at market rents. This allows for day-one income growth while maintaining stability from the remaining occupied units, making the property equally attractive to investors seeking in-place cash flow and owner-users looking to occupy a unit while benefiting from rental income on the others.

Operating expenses remain favorable, as the owner is only responsible for trash, water, and sewer. With four separate gas meters and four separate electric meters serving the units, and no house electrical or gas meters on the building, all tenant utilities are individually paid, reducing ownership costs and streamlining day-to-day management. Each unit is also equipped with its own water heater and washer/dryer hook-ups, further enhancing tenant appeal.

The property enjoys walkable access to Lake Merritt, the shops and restaurants along Grand Avenue and Lakeshore, and the employment and transit hubs of Downtown Oakland. Major employers and destinations within easy reach include Kaiser Permanente, AECOM, PG&E Headquarters, Whole Foods, Trader Joe's, the Fox Theater, and Jack London Square. Quick connectivity to both Interstate 580 and Interstate 880, along with nearby BART access, provides an easy commute to San Francisco, Silicon Valley, Berkeley, and the rest of the Bay Area.

With its desirable Oakland location, consistent unit mix, favorable expense structure, attractive in-place returns, and immediate upside through the vacant unit, 1718 6th Avenue represents an attractive opportunity for investors seeking stable cash flow and long-term appreciation in the East Bay. Please reach out for additional details, pricing guidance, and to arrange a private tour.