9601 B St - Apartments FOR SALE


Oakland, CA 94603
$1,450,000 USD
510-387-7954
9601 B St, Oakland, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/2
null | 6.05% Cap Rate

9601 B St
Oakland, CA 94603


OVERVIEW

Unleash the potential of 9601 B Street Oakland, a six-unit gem nestled in the vibrant Elmhurst neighborhood of Oakland. Boasting four 2-bedroom/1-bath units with an enclosed garage and laundry hook ups, this property offers a lucrative opportunity for savvy investors. These 4 units are not subject to rent control. The duplex on-site features an upstairs unit with 4 bedrooms and 1 bath, along with a downstairs unit mirroring the same layout. With 2:1 off-street parking and ample storage, this property is a commuter's dream, situated near the 98th Street interchange to highway 80. The current rental rates, significantly below market value, present a golden chance for substantial rental upside through turnovers, capital improvements, or tenant buy-outs. Ideal for both seasoned and new investors seeking passive income and equity growth, with a current GRM of 10.24 and a CAP rate of 7.1%. For more information, reach out to the agent via the property website.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

6

PRICE/UNIT

$241,667

CAP RATE

6.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R60

APN/PARCEL ID

044-4981-006-00

ASK ABOUT THIS PROPERTY

Marty Carbajal, CFPGCM RealtyMore Info
510-387-7954

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Marty Carbajal, CFPGCM RealtyMore Info
510-387-7954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.