5918 Genoa St, Oakland, CA — listing photo 1
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FOR SALENew Listing

5918 Genoa St

Oakland, CA 94608
5,200 Lot Sq Ft
Built 1930
$1,950,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1930
Lot size
5,200 sq ft
Parking
3 spaces
Days on market
1
MLS status
Active

Features & Amenities

Appliances

  • Gas Water Heater
  • Dryer
  • Washer

Lot

  • Street Level

Community, Schools & Utilities

Community

Subdivision
NORTH OAKLAND
Annual property tax
$35,665

Utilities

Heating
NaturalGas,WallFurnace
Cooling
None
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Location & Neighborhood

5918 Genoa St

Oakland, CA 94608

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Frequently Asked Questions About 5918 Genoa St

Property type: Residential Income

The current asking price is $1,950,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 5918 Genoa St. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1930. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Oakland, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Oakland property.
The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.

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“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Joseph Owens
MLS ID: BMLS-R01707768

Available property

$1,950,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.