CA > Oakland
Oakland, CA 94603,9601 B St
Oakland, CA 94603,9601 B St
Oakland, CA 94603,9601 B St
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Joel Martinez

Joel Martinez

+1(831) 230-0059
$1,450,000
Est. payment /mo
10 Beds
3 Baths
6,320 SqFt
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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

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Listed by Maurice Carbajal • GCM Realty & Loans

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agent

Joel Martinez

+1(831) 230-0059

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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