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Oakland Multifamily Investment Opportunity

769 17th St, Oakland, CA 94612

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For Sale

$798,000

Five-unit property in Oak Center with value-add potential.

Property size:

2,979 SF

Lot size:

0.12 Acres

Price / SF:

$267/SF

HighLights

Three of five units delivered vacant, allowing immediate market‑rate rent setting.
Exceptional unit mix: four 2‑bed/1‑bath units and one 1‑bed/1‑bath unit.
Projected annual income of $93,828 upon lease‑up of vacant units.
Updated interiors and sewer lateral compliance minimize capital requirements.
Potential to add an additional unit in bonus space (buyer to verify).
Located in Oakland's coveted Oak Center neighborhood.

We can help!

Contact an agent

JATIN MEHTA

For Sale

$798,000

Five-unit property in Oak Center with value-add potential.

Property size:

2,979 SF

Lot size:

0.12 Acres

Price / SF:

$267/SF

Added:: Mar 6, 2026
Days on Market:: 113
Last Refresh:: Mar 16 at 11:02 am

Property Features for 769 17th St

General Information

Standard status: Active
Size: 2,979 SF
Lot size: 0.12 Acres

Building Details

Year Built: 1885

We can help!

Contact an agent

JATIN MEHTA

Listing office KITE HILL REAL ESTATE

Listing date Mar 6, 2026

Source Corcoran

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 KITE HILL REAL ESTATE

HighLights

Three of five units delivered vacant, allowing immediate market‑rate rent setting.
Exceptional unit mix: four 2‑bed/1‑bath units and one 1‑bed/1‑bath unit.
Projected annual income of $93,828 upon lease‑up of vacant units.
Updated interiors and sewer lateral compliance minimize capital requirements.
Potential to add an additional unit in bonus space (buyer to verify).
Located in Oakland's coveted Oak Center neighborhood.

Overview

Located in Oakland's Oak Center neighborhood, 769 17th Street is a five-unit income property. The property includes four 2-bed/1-bath units and one 1-bed/1-bath unit. Note that four units are on public record, plus a fifth non-conforming unit. The building spans 2,979 square feet on a 5,188 square foot lot. The interiors have been updated. The property features sewer lateral compliance. Three of the five units will be delivered vacant at close of escrow, allowing for market-rate rents from day one. The projected annual income is $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 (buyer to verify).

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$119.8k	$40.20
− Vacancy	−$5.4k	−$1.81
EGI	$114.4k	$38.39
− OpEx	−$51.5k	−$17.28
NOI	$62.9k	$21.12

2,979 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$898.6K

$786.3K – $1.05M (±1% cap)

NOI $62,902 @ 7.0% cap · market cap 7.88%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$975.3K

$853.4K – $1.14M (±1% cap)

NOI $68,272 @ 7.0% cap · market cap 8.56%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Oakland
County: Alameda
State: California
Longitude: -122.2777368
Latitude: 37.8091398

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For sale
Apartment buildings
CA
Oakland
94612
769 17th St

What type of property is this?

Apartment building - Five-unit property in Oak Center with value-add potential.

Where is this apartment building located?

The property is located at 769 17th St Oakland, CA.

What is the asking price?

The asking price for this property is $798,000.

What are key features of this property?

This property features: Three of five units delivered vacant, allowing immediate market‑rate rent setting.; Exceptional unit mix: four 2‑bed/1‑bath units and one 1‑bed/1‑bath unit.; Projected annual income of $93,828 upon lease‑up of vacant units.