5918 Genoa St, Oakland, CA 94608
5918 Genoa St, Oakland, CA 94608
5918 Genoa St, Oakland, CA 94608
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$1,950,000
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6,072 SqFt
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5918 Genoa St Oakland, CA 94608

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Grant Inaba

Grant Inaba

+1(415) 992-2330

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,072 sqft

Price per Sqft $321

Subdivision North Oakland

MLS Listing ID 41151546

HOA Y/N No

Year Built 1930

Lot Size 5,200 Sqft

Acres 0.12

Property Sub-Type Multi Family

Property 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.

Location

State CA

County Alameda

Rooms

Basement None

Interior

Heating Natural Gas, Wall Furnace

Cooling None

Flooring Vinyl

Fireplace No

Appliance Dryer, Washer, Gas Water Heater, Tankless Water Heater

Laundry Common Area

Exterior

Total Parking Spaces 3

Building

Lot Description Level

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 15135319

Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Joseph Owens • Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

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5918 Genoa St

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