5918 Genoa St, Oakland, CA 94608

Oakland
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
5918 Genoa St,Oakland, CA 94608
$1,950,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: joseph owens
Office: marcus & millichap510-379-1200
MLS#:41151546
Source:CRMLS

Price summary

  • Price:$1,950,000

About this home

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.

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Home facts

  • Year built:1930
  • Subdivision & Development:NORTH OAKLAND
  • Listing ID #:41151546
  • Added:14 day(s) ago
  • Updated:October 31, 2026 at 12:44 PM

Heating and cooling

  • Heating:Natural Gas, Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1930
  • Lot area:0.12 Acres
  • Lot Features:Street Level
  • Construction Materials:Stucco, Wood Siding

Finances and disclosures

  • Price:$1,950,000
  • Tax amount:$35,665

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:3
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