9601 B St Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94603
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