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
1/19
null | 7.6% Cap Rate

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


HIGHLIGHTS

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

OVERVIEW

1847 6th Avenue in Oakland is an 8-unit multi-family property built in 1890, offering a unique investment opportunity in a desirable neighborhood. 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. 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. Residents of this neighborhood enjoy easy access to Lake Merritt, one of Oakland’s most beloved landmarks, providing scenic walking and biking trails, parks, and waterfront activities. The area is also well-served by public transportation, with multiple AC Transit bus lines and BART stations just minutes away, making commuting to Downtown Oakland, San Francisco, or other Bay Area destinations seamless.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$209 USD /SF

# 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.