5-Units | West Oakland

Investment Overview

769 17th Street presents a rare opportunity to acquire a 5-unit income property in the heart of Oakland's coveted Oak Center neighborhood. The property delivers an exceptional unit mix of four 2-bed/1-bath units and one 1-bed/1-bath unit — four on public record plus a fifth non-conforming unit — spanning 2,979 square feet of living space on a generous 5,188 square foot lot. Thoughtfully updated interiors throughout the building minimize near-term capital requirements and reflect a level of pride of ownership seldom found at this price point, allowing an incoming investor to focus squarely on revenue growth from the moment of acquisition. The offering presents a compelling value-add profile, with three of five units delivered vacant at close of escrow. This rare vacancy scenario affords an investor the ability to set market-rate rents from day one with zero tenant displacement concerns — a significant advantage in today's regulatory environment. Projected annual income of $93,828 ($7,819 per month) upon lease-up of the currently vacant units. Further adding to the investment thesis, the property features a rear yard and an additional bonus space presenting a genuine opportunity to construct yet another unit, unlocking incremental income and long-term value for a savvy investor (buyer to verify). Ideally situated with walkable access to the West Oakland BART station, Downtown Oakland, and major regional freeways, the property is exceptionally well-positioned to attract and retain quality tenants across all unit types. At a macro level, 769 17th Street benefits from Oakland's fundamentally supply-constrained rental market and the persistent renter demand fueled by Bay Area employment and affordability migration from higher-cost submarkets — making this a truly well-rounded investment opportunity with immediate income, significant upside, and long-term appreciation potential.

Investment Highlights

• Rare 5-Unit Offering: 4 units on public record plus a 5th non-conforming unit, delivering exceptional income diversity at an attractive price point
• Portfolio Expansion Opportunity: Adjacent duplex at 779 17th Street also available for sale, offering a rare chance to acquire a contiguous multi-unit portfolio in one of Oakland's most sought-after neighborhoods
• Exceptional Unit Mix: (4) 2-bed/1-bath units and (1) 1-bed/1-bath unit, purpose-built for broad tenant appeal and maximum occupancy retention
• Compelling Value-Add Opportunity: 3 of 5 units delivered vacant, giving an incoming investor the rare ability to set market-rate rents from day one with zero displacement concerns
• Proven In-Place Income: Projected annual gross income of $93,828 ($7,819/month) upon lease-up of the vacant units
• Turnkey, Well-Maintained Asset: Thoughtfully updated interiors throughout, minimizing near-term capital requirements and allowing an investor to focus on revenue growth
• Generous Building & Lot Size: 2,979 SF of living space on a 5,188 SF lot, offering strong density relative to land basis
• Sewer Lateral Compliant: A valuable capital improvement already completed, reducing due diligence risk and near-term expense for an incoming buyer
• Significant Expansion Potential: Rear yard area plus an additional bonus space presenting a compelling opportunity to add another unit and further maximize long-term income (buyer to verify)