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Listed by Maurice Carbajal • GCM Realty & Loans
$ 1,450,000
Est. payment | /mo
6,320 SqFt
$ 1,450,000
Est. payment | /mo
6,320 SqFt
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 Sub-Type 5 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
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Laminate, Tile, Carpet
Fireplace No
Building
Lot Description Regular
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