Description

5918 Genoa Street offers 22.6% rental upside on a building where the heavy capital work is already done. Ownership has invested $282,822 in unit renovations, soft-story retrofit, sewer lateral, sidewalk, and laundry. Eight of 12 units are renovated, and the property is 100% occupied. In-place rents average $1,428 against a $1,750 market rent. The building’s own renovated leases support that market figure, with five units at $1,632–$1,730. Four units below $1,300 account for roughly three-quarters of the loss-to-lease. That gives a buyer a defined, unit-by-unit path to the $153,000 pro forma NOI as those units turn over. The 1930 building totals 6,072 SF on 0.12 acres, with an average unit size of 506 SF and three covered parking spaces. In-place: $109,543 NOI, 5.62% cap rate, 9.48 GRM. Pro forma at market rents: $153,000 NOI, 7.85% cap rate, 7.74 GRM.

Property details

Year built

1930

Property type

Residential Income

Lot size

5,200 sqft

Location

5918 Genoa St • Oakland, CA 94608

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Listing Agent

Joseph Owens

DRE #: 01707768

Brokerage: Marcus & Millichap

Similar Listings

Recent sales near 5918 Genoa St

5775 Adeline St: Sold $611,000 · 2 bd · 1 ba · 1,026 sqft · Jul 2026 · 0.1 mi
Coldwell Banker Realty | DRE #01865464
Buyer's agent: Ellen Martinez, Compass | DRE #02135069
825 57TH STREET: Sold $1,080,000 · Aug 2026 · 0.2 mi
KW Advisors East Bay | DRE #01313613
Buyer's agent: Katie Pratt, Kai Real Estate | DRE #02021256
943 56Th St: Sold $575,000 · 2 bd · 1 ba · 520 sqft · Jul 2026 · 0.4 mi
Golden Gate Sothebys International Realty | DRE #01318679
Buyer's agent: Vinson Trac, LPT Realty | DRE #01835996
1028 57Th St: Sold $845,000 · 3 bd · 2 ba · 1,087 sqft · Sep 2026 · 0.5 mi
Coldwell Banker Realty | DRE #01186643
Buyer's agent: Ellen Martinez, Compass | DRE #02135069
1028 61st St: Sold $925,000 · Jul 2026 · 0.5 mi
Bhhs Drysdale Properties | DRE #01450197
Buyer's agent: Liana Dickson, KW Advisors East Bay | DRE #01984196
1028 61St St: Sold $925,000 · 4 bd · 3 ba · 2,236 sqft · Jul 2026 · 0.5 mi
Bhhs Drysdale Properties | DRE #01450197
Buyer's agent: Liana Dickson, KW Advisors East Bay | DRE #01984196
956 53Rd St: Sold $565,000 · 2 bd · 1 ba · 1,103 sqft · Aug 2026 · 0.5 mi
BHG RE Reliance Partners | DRE #01120689
Buyer's agent: Denise Rizkalla, BHG RE Reliance Partners | DRE #02132877
876 880 52nd St: Sold $900,000 · Jul 2026 · 0.5 mi
BHG RE Reliance Partners | DRE #01352129
Buyer's agent: Jo Judith Zunic, Keller Williams Realty | DRE #02100254

Closed sales reported in 94608, nearest first, last 12 months. All recent sales in Oakland →

CRMLS

MLS# 41151546

Listed: 10/16/2026 10:58 AM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/16/2026 6:00 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Marcus & Millichap

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

Residential Income - 5918 Genoa St, Oakland, CA