769 17th St, Oakland, CA 94612
List Price: $798K
Listing Status: Active
0Days on Market: 62
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1885
Lot Size: 5,188 sq ft
MLS Number: 41125973
About This Property
769 17th Street presents a rare opportunity to acquire a 5-unit income property in Oakland's coveted Oak Center neighborhood. The property delivers an exceptional unit mix of four 2-bed/1-bath units and one 1-bed/1-bath unit — four on public record plus a fifth non-conforming unit — spanning 2,979 square feet on a 5,188 square foot lot. Thoughtfully updated interiors and sewer lateral compliance minimize near-term capital requirements and reduce due diligence risk, allowing an incoming investor to focus immediately on revenue growth. With three of five units delivered vacant at close of escrow, an investor has the rare ability to set market-rate rents from day one with zero tenant displacement concerns. Projected annual income of $93,828 ($7,819 per month) upon lease-up of the currently vacant units.. The property also features a rear yard and bonus space with the potential to add an additional unit, further maximizing long-term returns (buyer to verify).
Listing provided by: Jatin Mehta DRE #02045713 855-450-0442 jat@teamkitehill.com, Kite Hill Real Estate
Source: CRMLS, MLS #: 41125973
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.