9601 B St, Oakland, CA 94603 - MLS#41080346 - Paolo Ocampo

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Paolo Ocampo

paolo.ocampo@exprealty.com +1(510) 736-3886

Listed by Maurice Carbajal • GCM Realty & Loans

$1,450,000

Est. payment - /mo

6,320 SqFt

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UPDATED:

12/15/2024 03:20 PM

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,320 sqft

Price per Sqft $229

Subdivision Elmhurst

MLS Listing ID 41080346

HOA Y/N No

Originating Board CONTRA COSTA

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

Interior

Heating Wall Furnace

Cooling None

Flooring Hardwood, Laminate, Tile, Carpet

Fireplace No

Building

Lot Description Regular

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Paolo Ocampo

+1(510) 736-3886

Agent | CA BRE #02127190

Agent CA BRE #02127190