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1661 Fruitvale Ave 6 Unit Apartment Building $995,000 ($165,833/Unit) 6.30% Cap Rate Oakland, CA 94601
Investment Highlights
- Separate Gas & Electric Meters
- Large Cap Ex Completed
- Upgraded Electrical
- Significant Rental Upside
- Coin-op Washer / Dryer
Executive Summary
The Bos Group is proud to present 1661 Fruitvale Avenue, Oakland, CA, a 6 unit value add apartment opportunity in the heart of the Fruitvale district. The property offers strong in place income with over 35% rental upside and a clear path to increased NOI through unit improvements and strategic management.
The unit mix consists of four large 1 bedroom, 1 bathroom units and two 2 bedroom, 1 bathroom units. Two units are currently vacant and offer conversion potential to 2 bedroom layouts. Electrical sub panels have been upgraded for all units, and separate gas and electric metering helps minimize expenses. The property also includes four private garages, providing additional income potential and strong tenant appeal.
Well located near shopping, dining, transit, and major commuter routes, this property benefits from strong rental demand and long term growth potential.
Call agent for showing and due diligence file. Willem Bos, The Bos Group, 916-698-9954, Willem@bosgroupcre.com
The unit mix consists of four large 1 bedroom, 1 bathroom units and two 2 bedroom, 1 bathroom units. Two units are currently vacant and offer conversion potential to 2 bedroom layouts. Electrical sub panels have been upgraded for all units, and separate gas and electric metering helps minimize expenses. The property also includes four private garages, providing additional income potential and strong tenant appeal.
Well located near shopping, dining, transit, and major commuter routes, this property benefits from strong rental demand and long term growth potential.
Call agent for showing and due diligence file. Willem Bos, The Bos Group, 916-698-9954, Willem@bosgroupcre.com
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $165,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.30% | Building Size | 4,745 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 8.9 | Year Built | 1952 |
| No. Units | 6 | Parking Ratio | 0.84/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $995,000 |
| Price Per Unit | $165,833 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 8.9 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,745 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 0.84/1,000 SF |
| Opportunity Zone |
Yes |
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Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 025-0722-011-00 | Improvements Assessment | $712,001 |
| Land Assessment | $305,143 | Total Assessment | $1,017,144 |
Property Taxes
Parcel Number
025-0722-011-00
Land Assessment
$305,143
Improvements Assessment
$712,001
Total Assessment
$1,017,144
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