$970,000
Oakland, CA 94601
1952
Year Built
Alameda
County
ResidentialIncome
Property Type
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 30% rental upside, creating a clear path to meaningful NOI growth through strategic management and unit improvements. The property consists of six units, including two one-bedroom/one-bath units and four 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
$5,163/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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