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1715 9Th Ave

Oakland, CA 94606
  • $958,000
  • STATUS: Active Under Contract
  • ON SITE: 28 Days
  • ID#: BE41063797
Under Contract
UPDATED: 121 min ago
$958,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,603
    SQFT
  • $368
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Listing provided courtesy of Kevin Jacky Hom of Compass: (510) 896-0188.

Description

Perfectly situated just blocks away from picturesque Lake Merritt, this Clinton Fourplex presents an exceptional opportunity for an owner-occupied investment or for astute investors seeking to capitalize Oakland's thriving rental market with a GRM of 9.22 and 7.18% Cap Rate. The thoughtfully renovated and currently vacant 1-bedroom unit is ideally suited for a market rate tenant or immediate owner occupancy, while a bonus ADU cottage offers further income potential. Adding to its appeal, three units are currently occupied by reliable tenants who consistently pay on time. While the individual gas and electric meters, hardscaped yard, and the inclusion of newer appliances minimize operating expenses and maintenance. The property's location within walking distance of New Chinatown (Walk Score 88) ensures exceptional convenience, with easy access to grocery stores, restaurants, and various retail outlets. Additionally, 5-minute proximity to major transportation arteries such as I-880, I-580, and CA-24, as well as the convenience of a 10-minute bus ride to Lake Merritt BART, ensures seamless connectivity to key employment and entertainment hubs.

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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-07-17T22:53:29.103. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of California.
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1715 9Th Ave Oakland, CA 94606

  • Price: $958,000
  • Status: Active Under Contract
  • On Site: 28 Days
  • Updated: 121 min ago
  • ID#: BE41063797
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2,603
SQFT
$368
$/SQFT
1900
Built
Neighborhood:
Clinton
County:
Alameda
Area:
Other Area
Property Description
Perfectly situated just blocks away from picturesque Lake Merritt, this Clinton Fourplex presents an exceptional opportunity for an owner-occupied investment or for astute investors seeking to capitalize Oakland's thriving rental market with a GRM of 9.22 and 7.18% Cap Rate. The thoughtfully renovated and currently vacant 1-bedroom unit is ideally suited for a market rate tenant or immediate owner occupancy, while a bonus ADU cottage offers further income potential. Adding to its appeal, three units are currently occupied by reliable tenants who consistently pay on time. While the individual gas and electric meters, hardscaped yard, and the inclusion of newer appliances minimize operating expenses and maintenance. The property's location within walking distance of New Chinatown (Walk Score 88) ensures exceptional convenience, with easy access to grocery stores, restaurants, and various retail outlets. Additionally, 5-minute proximity to major transportation arteries such as I-880, I-580, and CA-24, as well as the convenience of a 10-minute bus ride to Lake Merritt BART, ensures seamless connectivity to key employment and entertainment hubs.
Exterior Features

Building Type Fourplex Garage Parking ConvertedGarageOff-Street Parking Lot Description Grade - LevelRegular Parking Spaces 4 Roof Composition Yard Grounds Back YardFront YardNoneSide Yard

Interior Features

Baths Unit1 1.00 Baths Unit2 1.00 Baths Unit3 1.00 Baths Unit4 1.00 Beds Unit1 1 Beds Unit2 1 Beds Unit3 1 Beds Unit4 1 Cooling Air Conditioning - None Flooring LaminateLinoleumTile Heating Wall Furnace Laundry None Sq Ft Unit1 700 Sq Ft Unit2 700 Sq Ft Unit3 532 Sq Ft Unit4 671 Structure Sq Ft 2603

Property Features

Additional Listing Info Not ApplicableAccepting Backups Amenities None City Name OAKLAND Cross Street 14th Hoa Amenities None Lot Size Area Maximum 5750.00 Property Sub Type Fourplex Rent Unit1 1450 Rent Unit2 1295 Rent Unit3 2000 Rent Unit4 1905 Sewer Septic Sewer - Public Sq Ft Source Public Records Water Public

Listing provided courtesy of Kevin Jacky Hom of Compass: (510) 896-0188.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-07-17T22:53:29.103. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of California.
Website powered by BoomTown.
 
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Compass
6th Avenue, 2SW of San Carlos St
Carmel CA, 93921

Listing provided courtesy of Kevin Jacky Hom of Compass: (510) 896-0188.