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4114 E 17th St 3 Unit Apartment Building $750,000 ($250,000/Unit) 4.29% Cap Rate Oakland, CA 94601
Executive Summary
Marcus & Millichap is pleased to present 4114 E 17th St, a well located 3 unit multifamily property in Oaklands highly walkable Fruitvale neighborhood. Built in 1915, the property totals approximately 1,726 SF on a 0.05acre lot and is 100% occupied, providing immediate inplace income. The unit mix includes one 1BD/1BA, one 2BD/1BA, and one 3BD/1BA unit. Utilities are individually metered for gas and electric, with master metered water. Street parking available. In place rents are approximately below market, offering long term upside potential. Excellent location near International Blvd, Fruitvale Public Market, Fruitvale BART, neighborhood retail, and convenient access to I580 and I880. A fantastic multifamily opportunity in a strong East Oakland rental corridor.
Property Facts
| Price | $750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 4.29% | Building Size | 1,726 SF |
| Gross Rent Multiplier | 12.51 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $750,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Gross Rent Multiplier | 12.51 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 1,726 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1915 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 033-2149-012-00 | Improvements Assessment | $447,092 |
| Land Assessment | $191,531 | Total Assessment | $638,623 |
Property Taxes
Parcel Number
033-2149-012-00
Land Assessment
$191,531
Improvements Assessment
$447,092
Total Assessment
$638,623
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4114 E 17th St
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