$798,000
769 17th Street presents a rare opportunity to acquire a 5-unit income property in Oakland's coveted Oak Center neighborhood. The property delivers an exceptional unit mix of four 2-bed/1-bath units and one 1-bed/1-bath unit — four on public record plus a fifth non-conforming unit — spanning 2,979 square feet on a 5,188 square foot lot. Thoughtfully updated interiors and sewer lateral compliance minimize near-term capital requirements and reduce due diligence risk, allowing an incoming investor to focus immediately on revenue growth. With three of five units delivered vacant at close of escrow, an investor has the rare ability to set market-rate rents from day one with zero tenant displacement concerns. Projected annual income of $93,828 ($7,819 per month) upon lease-up of the currently vacant units.. The property also features a rear yard and bonus space with the potential to add an additional unit, further maximizing long-term returns (buyer to verify).
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Listed by Jatin Mehta with Kite Hill Real Estate (855) 450-0442
Property Type
Quadruplex
Status
Active
MLS Number
41125973
Year Built
1885
Lot Size
5,188 sq ft