1511 17th Ave
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1511 17th Ave
9 Unit Apartment Building $2,079,401 CAD ($231,045 CAD/Unit) 6.74% Cap Rate Oakland, CA 94606
Executive Summary
Presenting 1511 17th Avenue, a prime value-add opportunity in Oakland’s dynamic rental market. This nine-unit apartment building spans 5,136 square feet and offers immediate potential for savvy investors to enhance value. With a well-balanced mix of units and many of the rents already near market, the property is poised for growth through targeted upgrades and strategic repositioning.
The property’s unit composition includes one three-bedroom, two-bathroom single-family home, two two-bedroom, one-bathroom units, one one-bedroom, one-bathroom unit, and five studio apartments. This variety of layouts appeals to a broad tenant base, ensuring high occupancy rates and rental demand. Investors can unlock additional value by improving interior finishes, modernizing amenities, and capturing further rent growth as leases turn over.
CONTACT AGENT FOR DETAILS; DO NOT DISTURB TENANTS.
The property’s unit composition includes one three-bedroom, two-bathroom single-family home, two two-bedroom, one-bathroom units, one one-bedroom, one-bathroom unit, and five studio apartments. This variety of layouts appeals to a broad tenant base, ensuring high occupancy rates and rental demand. Investors can unlock additional value by improving interior finishes, modernizing amenities, and capturing further rent growth as leases turn over.
CONTACT AGENT FOR DETAILS; DO NOT DISTURB TENANTS.
Property Facts
| Price | $2,079,401 CAD | Apartment Style | Low Rise |
| Price Per Unit | $231,045 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.74% | Building Size | 12,644 SF |
| Gross Rent Multiplier | 8.36 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1898 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $2,079,401 CAD |
| Price Per Unit | $231,045 CAD |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| Gross Rent Multiplier | 8.36 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 12,644 SF |
| No. Stories | 2 |
| Year Built | 1898 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 3+2 | 1 | - | - |
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 020-0166-010-00 | Improvements Assessment | $866,696 CAD |
| Land Assessment | $288,615 CAD | Total Assessment | $1,155,311 CAD |
PROPERTY TAXES
Parcel Number
020-0166-010-00
Land Assessment
$288,615 CAD
Improvements Assessment
$866,696 CAD
Total Assessment
$1,155,311 CAD
zoning
| Zoning Code | R-50, Oakland |
| R-50, Oakland |
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1511 17th Ave
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