9-Unit Multifamily
1511 17th Ave, Oakland, CA 94606
For Sale
New
$1,390,000
The fully occupied offering combines apartment units and a detached single-family residence on one corner parcel.
Property Size5,136 SF
Lot Size0.16 Acres
Days on Market4
Property Features for 1511 17th Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Term
Site & Location
Neighborhood
Additional Details
Cap Rate
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Units
Listed By:
Jonathan Ng
(415) 885-9584
Source:
Elliman
Added: Nov 8
Last Checked: Nov 10 at 8:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jonathan Ng
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Investment Insights
Based on property information with market context.
This Oakland multifamily property brings together nine residential units across three addresses on a single parcel. The buildings include apartments at two addresses and a detached single-family house at the third. The property was built in 1895 and occupies an approximately 7,000-square-foot corner lot at 17th Avenue and East 15th Street.
The property is in Oakland’s San Antonio district, near San Antonio Park and east of Lake Merritt. Current occupancy is 100%, and the stated current cap rate is 8.28%; the stated market cap rate is 13.46%.
The property is in Oakland’s San Antonio district, near San Antonio Park and east of Lake Merritt. Current occupancy is 100%, and the stated current cap rate is 8.28%; the stated market cap rate is 13.46%.
Key Highlights
- Nine units across apartments and a detached single‑family house
- 100% occupied
- Approximately 7,000 SF corner lot at 17th Avenue and East 15th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,905
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,018,100
$2.0M
Cap Rate 7%
$1,441,500
$1.4M
Cap Rate 9%
$1,121,167
$1.1M
Market Conditions
NOI Build-Up for 5,136 SF
Gross rent
$194.1K $37.80/SF
− Vacancy
−$10.7K −$2.08/SF
EGI
$183.5K $35.72/SF
− OpEx
−$82.6K −$16.07/SF
NOI
$100.9K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,018,100
Cap Rate 7%
$1,441,500
Cap Rate 9%
$1,121,167
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,905 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,773 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
9
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Oakland, CA
Properties on Market for Apartment buildings in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The fully occupied offering combines apartment units and a detached single-family residence on one corner parcel.
Where is this apartment building located?
The property is located at 1511 17th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Nine units across apartments and a detached single‑family house; 100% occupied; Approximately 7,000 SF corner lot at 17th Avenue and East 15th Street
