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$1,450,000

Est. payment - /mo

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10 BD

3 BA

6,320 SqFt

Active

9601 B St Oakland, CA 94603

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

12/15/2024 10:09 AM

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,320 sqft

Price per Sqft $229

MLS Listing ID CC41080346

Bedrooms 10

Originating Board Contra Costa Association of Realtors

Year Built 1902

Lot Size 0.275 Acres

Property Description

GCM Realty Commercial is pleased to present 9601 B Street Oakland, an six-unit property in Oakland's Elmhurst neighborhood. This property features four 2bedroom/1bath units with an enclosed garage and laundry hook ups. These units are not subject to rent control. There is also a duplex on the property that consists o an upstairs unit with 4 bedrooms and 1 bath, also with laundry hook ups and finally a downstairs unit with 4 bedrooms and 1 bath and laundry hook ups. These 2 units are subject to rent control. 2:1 off-street parking and ample storage. Its location near the 98th Street interchange to highway 80 makes it an attractive option for commuters. The current rental rates, approximately 30% below market, reveal a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. This property is ideal for both new investors that want to maximize passive income and gain equity through property upgrades. Current GRM 10.24; Current CAP7.1%; Email agent on property website for more info.

Location

State CA

County Alameda

Area Other Area

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate, Tile, Carpet - Wall to Wall, Hardwood

Exterior

Exterior Feature Stucco, Siding - Wood

Parking Features Attached Garage, Parking Area, Spaces per Unit - >1

Garage Spaces 10.0

Roof Type Composition

Building

Lot Description Regular

Sewer Sewer - Public

Others

Tax ID 44-4981-6

Special Listing Condition Not Applicable

Listed by Maurice Carbajal • GCM Realty & Loans

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA