See all 7 photos
$1,450,000
Est. payment /mo
10 Beds
3 Baths
6,320 SqFt
Active
9601 B St Oakland, CA 94603
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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 Sub-Type Five or More Units
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

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Listed by Maurice Carbajal • GCM Realty & Loans