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  • 5918 Genoa St

5918 Genoa St, Oakland, CA 94608

$1,950,000 Approx. USD 0 beds, 0 baths
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Photo of Patrick Ahern

Patrick Ahern REALTOR® - Sales Associate 858-220-9001 m
858-459-0501 o
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com Text Me
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Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275
 La Jolla Prospect 1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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Fax: 858-459-3275
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Listing Agent


Joseph Owens | joe.owens@marcusmillichap.com
Lic#: 01707768
Broker: Courtesy of Marcus & Millichap
Phone: 925-808-9098

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41151546
Price: $1,950,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1930
0.12 acres
Lot size: 0.1194
Subdivision: NORTH OAKLAND
County: Alameda
Construction: Stucco,Wood Siding
Appliances: Gas Water Heater,Dryer,Washer
Lot description: Street Level
Heating/cooling: None
Heating description: Natural Gas,Wall Furnace

Last Updated: 10/23/2026

 Days On Market (DOM): 19

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Lat/Long: 37.844465, -122.272424.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Patrick Ahern

Patrick Ahern REALTOR® - Sales Associate 858-220-9001 m
858-459-0501 o
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com
La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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