1661 Fruitvale Ave, Oakland, CA 94601
1661 Fruitvale Ave, Oakland, CA 94601
1661 Fruitvale Ave, Oakland, CA 94601
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$995,000
Est. payment /mo
4,800 Sqft Lot
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Oakland

MLS Listing ID 41125171

HOA Y/N No

Year Built 1952

Lot Size 4,800 Sqft

Property Description

1661 Fruitvale Avenue, Oakland, CA presents a compelling value-add opportunity in the heart of Oakland's Fruitvale district. This well-located 6-unit apartment building offers strong in-place income with over 35% rental upside, creating a clear path to meaningful NOI growth through strategic management and unit improvements. The property consists of six units, including four one-bedroom/one-bath units and two two-bedroom/one-bath units. The one-bedroom units offer conversion potential, providing investors with the opportunity to reconfigure layouts and further enhance rental income. The balanced unit mix supports broad tenant appeal and consistent demand in this vibrant rental corridor. Operational efficiency is strengthened by separate gas and electric metering, minimizing landlord utility expenses and improving expense control. The property also includes four private parking garages, a valuable amenity in the neighborhood that enhances tenant retention and offers potential for additional revenue. Ideally positioned near shopping, dining, public transit, and major commuter routes, 1661 Fruitvale Avenue benefits from strong local fundamentals and steady rental demand. With significant upside, utility separation, garage parking, and value-add potential, this asset represents an at

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 4

Building

Lot Description Street Level

Others

Tax ID 2572211

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Listed by Willem Bos COMPASS #02013980

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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1661 Fruitvale Ave

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