1511 17th Ave
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1511 17th Ave
9 Unit Block of Flats £1,162,175 (£129,131/Unit) 6.74% Net Initial Yield 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 | £1,162,175 | Apartment Style | Low Rise |
| Price Per Unit | £129,131 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Net Initial Yield | 6.74% | Building Size | 12,644 SF |
| Gross Rent Multiplier | 8.36 | Number of Floors | 2 |
| No. Units | 9 | Year Built | 1898 |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | £1,162,175 |
| Price Per Unit | £129,131 |
| Sale Type | Investment |
| Net Initial Yield | 6.74% |
| Gross Rent Multiplier | 8.36 |
| No. Units | 9 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 12,644 SF |
| Number of Floors | 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 | £480,788 |
| Land Assessment | £160,105 | Total Assessment | £640,893 |
PROPERTY TAXES
Parcel Number
020-0166-010-00
Land Assessment
£160,105
Improvements Assessment
£480,788
Total Assessment
£640,893
zoning
| Zoning Code | R-50, Oakland |
| R-50, Oakland |
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1511 17th Ave
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