1847-1849 6th Ave - Apartments FOR SALE


Oakland, CA 94606- Ivy Hill
$1,795,000 USD
415-306-4914
1847-1849 6th Ave, Oakland, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/18

1847-1849 6th Ave
Oakland, CA 94606
Ivy Hill


HIGHLIGHTS

  • Presenting a charming 8 unit multifamily property built in 1890
  • Diverse unit mix: (1) studio, (3) 1BR/1BA, (2) 2BR/1BA, (1) 3BR/1BA, (1) 4+BR/1.5BA
  • 7 vacant units!!! Offering huge value add potential
  • Covered parking garages w/ ADU potential
  • Current ownership has taken excellent care of the property and has replaced the foundation, roof, and electrical!
  • Prime location in Oakland's desirable Ivy Hill neighborhood - Close proximity to amenities, public transportation, and downtown Oakland

OVERVIEW

1847-1849 6th Avenue in Oakland is a unique 8-unit multifamily property built in 1890, offering a variety of unit sizes. Currently, 7 of the units are vacant, providing an opportunity for immediate lease-up and potential for increased revenue. The building retains much of its historical charm, offering character and unique features while being positioned in a location with easy access to Oakland’s amenities, making it a prime choice for both investors and future residents. This property presents a strong potential for value-add investment in an area with a blend of residential tranquility and urban convenience, ideal for maximizing returns through renovation and stabilization. Located in the vibrant Clinton neighborhood of Oakland, 1847 6th Ave offers a prime location in one of the city’s most historic and evolving districts. Nestled between Lake Merritt and International Boulevard, this area is known for its charming mix of historic homes, tree-lined streets, and a diverse, dynamic community.

FOR SALE DETAILS

PRICE

$1,795,000 USD

# OF UNITS

8

PRICE/UNIT

$224,375

CAP RATE

7.6%

% LEASED

12%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,840 SF

ZONING

-

APN/PARCEL ID

021-0231-005-00

ASK ABOUT THIS PROPERTY

Dante GiacominiBerkshire Hathaway HomeServices DrysdalePropertiesMore Info
415-306-4914

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Dante GiacominiBerkshire Hathaway HomeServices DrysdalePropertiesMore Info
415-306-4914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.