2344 17Th StOakland, CA 94601

Property Details for 2344 17Th St

Year built

1965

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

5,970 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

20-205-9

APU

202059

Description

This well-maintained 10-unit apartment building in Oakland, CA, presents a compelling investment opportunity. Located at 2344 E 17th St, 94601, this stabilized property boasts 5,970 square feet on a 6,375 square foot lot and offers a mix of unit sizes: five one-bedroom/one-bathroom, four two-bedroom/one-bathroom, and one studio apartment. Five units feature renovated bathrooms. The building includes eight covered and two uncovered parking spaces, and all units have separately metered PG&E. Built in 1965, the property currently generates a NOI of $100,913, representing a 5.31% cap rate. Pro-forma NOI is projected at $201,588, resulting in a 10.61% pro-forma cap rate. The asking price is $1,900,000, translating to $318.26 per square foot. Its convenient location near parks, schools, shopping, and public transportation (880 and Fruitvale BART Station) enhances its appeal and rental potential. This charming property offers a blend of immediate income and significant upside potential for a savvy investor.

• CAP approach

  CAP return

  Valuation

  6%

  $3,419,072

  6.5%

  $3,156,066

  7%

  $2,930,633

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,056,370

  Geo Method

  $2,580,894

• Alternative Use

  Use

  Valuation

  Residential

  $3,156,066

  Hospitality

  $2,890,940

  Educational

  $2,405,228

  Medical

  $2,487,948

  Retail

  $3,741,466

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7856

Longitude

-122.232

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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