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

Property details

Year built

1952

Property type

Residential Income

Lot size

4,800 sqft

Location

1661 Fruitvale Ave • Oakland, CA 94601

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Listed by

Willem Bos · COMPASS

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Recent sales near 1661 Fruitvale Ave

3038 E 18th St: Sold $580,000 · 2 bd · 2 ba · 1,265 sqft · Jun 2026 · 0.1 mi
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Buyer's agent: Rod Abdolhosseini, Keller Williams Realty | DRE #02099653
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EXP Realty of California, Inc | DRE #01811013
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Buyer's agent: Huy Tran, eXp Realty of Northern California, Inc | DRE #02395048
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2021 Mitchell St: Sold $490,000 · 3 bd · 2 ba · 1,068 sqft · Jul 2026 · 0.3 mi
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2618 E 20Th St: Sold $495,000 · 3 bd · 1 ba · 9,999 sqft · Jul 2026 · 0.3 mi
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Closed sales reported in 94601, nearest first, last 12 months. All recent sales in Oakland →

Residential Income - 1661 Fruitvale Ave, Oakland, CA