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    Oakland Multifamily Investment Opportunity Title is generated by Realmo AI

    1661 Fruitvale Ave, Oakland, CA 94601

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    For Sale
    $995,000

    Value-add 6-unit apartment building in Oakland's Fruitvale district.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    59
    Last Refresh:
    Apr 24 at 4:08 pm

    Property Features for 1661 Fruitvale Ave

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1952

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    Listing Contact
    Willem Bos

    Listing agent Willem Bos

    Listing office COMPASS

    Listing date Apr 24, 2026

    Source Elliman

    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 COMPASS

    HighLights

    • Significant rental upside (over 35%) through strategic management and unit improvements.
    • Four private parking garages, a valuable amenity that enhances tenant retention and offers additional revenue potential.
    • Excellent location near shopping, dining, public transit, and major commuter routes (Walk Score: 92, Bike Score: 76, Transit Score: 59).
    • Opportunity to convert one‑bedroom units to enhance rental income.
    • Separate gas and electric metering for each unit, minimizing landlord utility expenses.
    • Balanced unit mix (four 1‑bed/1‑bath and two 2‑bed/1‑bath) supports broad tenant appeal.

    Overview

    Located in the Fruitvale district of Oakland, this 6-unit apartment building presents a value-add opportunity. The property offers in-place income with rental upside, allowing for NOI growth through management and unit improvements. The building comprises four one-bedroom/one-bath units and two two-bedroom/one-bath units. The one-bedroom units have conversion potential, offering the opportunity to reconfigure layouts and increase rental income. Separate gas and electric metering enhances operational efficiency, minimizing landlord utility expenses. Four private parking garages are included, providing a valuable amenity for tenants and potential for additional revenue. The property is near shopping, dining, public transit, and major commuter routes. The location benefits from local fundamentals and rental demand. The property has a bike score of 76, indicating it is very bikeable, a walk score of 92, indicating it is a walker's paradise, and a transit score of 59, indicating good transit.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.2244685
    Latitude
    37.7809757

    FAQs

    What type of property is this?
    Apartment building - Value-add 6-unit apartment building in Oakland's Fruitvale district.
    Where is this apartment building located?
    The property is located at 1661 Fruitvale Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Significant rental upside (over 35%) through strategic management and unit improvements.; Four private parking garages, a valuable amenity that enhances tenant retention and offers additional revenue potential.; Excellent location near shopping, dining, public transit, and major commuter routes (Walk Score: 92, Bike Score: 76, Transit Score: 59).
    More about this property
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