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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 Oakland's Oak Center neighborhood with value-add potential.

Type:Investment

Property size:

2,979 SF

Lot size:

0.12 Acres

Price / SF:

$267/SF

HighLights

Rare 5‑unit income property in Oakland's desirable Oak Center neighborhood.
Three of five units delivered vacant, allowing immediate market‑rate rent setting.
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).
Excellent bike score (100) and walk score (89).

We can help!

Listing Contact

Jatin Mehta

Learn more

For Sale

$798,000

Five-unit property in Oakland's Oak Center neighborhood with value-add potential.

Type:Investment

Property size:

2,979 SF

Lot size:

0.12 Acres

Price / SF:

$267/SF

Added:: Apr 24, 2026
Days on Market:: 58
Last Refresh:: Apr 24 at 4:10 pm

Property Features for 769 17th St

General Information

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

Building Details

Year Built: 1885

We can help!

Listing Contact

Jatin Mehta

Listing agent Jatin Mehta License #02045713

Listing office Kite Hill Real Estate

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 Kite Hill Real Estate

HighLights

Rare 5‑unit income property in Oakland's desirable Oak Center neighborhood.
Three of five units delivered vacant, allowing immediate market‑rate rent setting.
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).
Excellent bike score (100) and walk score (89).

Overview

Located in Oakland's Oak Center neighborhood, this property offers a five-unit income opportunity. The building features a unit mix of four 2-bed/1-bath units and one 1-bed/1-bath unit. The property spans 2,979 square feet on a 5,188 square foot lot. Thoughtfully updated interiors and sewer lateral compliance minimize near-term capital requirements. Three of the five units will be delivered vacant at close of escrow, allowing for market-rate rents from day one. The property also features a rear yard and bonus space with the potential to add an additional unit (buyer to verify). The location has a bike score of 100, a walk score of 89, and a transit score of 67.

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.

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 Oakland's Oak Center neighborhood 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: Rare 5‑unit income property in Oakland's desirable Oak Center neighborhood.; Three of five units delivered vacant, allowing immediate market‑rate rent setting.; Projected annual income of $93,828 upon lease‑up of vacant units.