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$845,000
Est. payment /mo
2,428 SqFt
UPDATED:
08/21/2024 08:24 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,428 sqft
Price per Sqft $348
MLS Listing ID 41069741
HOA Y/N No
Year Built 1955
Lot Size 3,750 Sqft
Acres 0.07
Property Description
www.pinzaoaklandportfolio.com; 1718 6th Ave is a distinguished fourplex in Oakland's sought-after Clinton neighborhood. The property offers four 1bd/1bth units approx. 650 SF each. Its strategic location near the Lake Merritt BART station positions it as an attractive option for commuters. The current rental rates, set at approximately 50% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. One unit, set to be delivered vacant, presents a perfect opportunity for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. 11.47 GRM; 8.80 Market GRM Email agent on property website for more info.
Location
State CA
County Alameda
Area Listing
Rooms
Basement Other
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Exterior
Exterior Feature Other
Utilities Available Other Water/Sewer
Building
Lot Description Other
New Construction No
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Listed by Steven Pinza • The Pinza Group, Inc
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122