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$1,450,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
12/15/2024 10:28 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Elmhurst
MLS Listing ID 41080346
HOA Y/N No
Year Built 1902
Annual Tax Amount $17,434
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
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 10
Others
Tax ID 4449816
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Listed by Maurice Carbajal • GCM Realty & Loans
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Scott Woodburn
Real Estate Professional Knowledge Broker | License ID: 01185194
Real Estate Professional Knowledge Broker License ID: 01185194