1718 6th Avenue, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
Loading property details...
Oakland, California 94606
This four-unit Residential Income Asset represents a High-Potential Investment Opportunity, listed at a List Price of $795,000—positioned well below the $924,909 Fair Market Value by 14%. This valuation gap provides $129,909 in Instant Equity. With a Condition Rating of 4, the property offers immediate value-add potential through the renovation of the vacant unit. Featuring an Efficient Utility Structure with separate meters, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset carrying costs in a high-demand commuter corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1718 6th Avenue Subject | $795,000* List Price | 0 | 0 | 2,428 | $381 | - |
A 1148 E 15th St Sold | $670,000 | 0 | 0 | 2,435 | $275 | 0.4 mi |
B 2232 11th Ave Sold | $680,000 | 0 | 0 | 2,189 | $311 | 0.5 mi |
C 1439 7th Ave Active | $695,000 List Price | 0 | 0 | 2,626 | $265 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, the property is functional but dated. Kitchens feature older cabinetry and appliances, and the units utilize dated wall heaters rather than modern HVAC systems. The listing explicitly mentions the opportunity to renovate the vacant unit, confirming that while the asset is 'clean' and livable, it has not undergone a comprehensive modern renovation in over 20 years.
Elementary School: Crocker Highlands Elementary School (9/10).
The property boasts a strong 6.47% current cap rate with a pro forma of 7.83%, offering exceptional cash flow and investment returns for the Oakland market.
Separate gas and electric meters for all units with no house meter minimize owner expenses, as tenants are responsible for their own primary utility costs.
Many of the assigned public schools in the immediate area have low ratings (2-4 range), which may impact long-term appreciation and appeal to certain tenant demographics.
Constructed in 1955, the property may require more frequent capital improvements and ongoing maintenance compared to newer multi-family assets.
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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,428 | 2,189 | 57% |
| Lot Size | 3,750 | 4,282 | 43% |
| Price | $795.0K | $965.0K | 43% |
| Price per sq ft | $327 | $320 | 57% |
| Built year | 1955 | 1924 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 198 | 14% |
May 29, 2026
$795,000
Initial Listing