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.
Property Details
Price:
$1,450,000
MLS #:
41080346
Status:
Active
Baths:
0
Address:
9601 B St
Type:
Residential Income
Subdivision:
ELMHURST
City:
Oakland
Listed Date:
Dec 8, 2024
State:
CA
ZIP:
94603
Lot Size:
12,000 sqft / 0.28 acres (approx)
Year Built:
1902
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
10.00
Roof
Shingle
Financial
Association Fee
0.00
Taxes
$17,434
Tenant Pays
Gas
Map
Community
- Address9601 B St Oakland CA
- SubdivisionELMHURST
- CityOakland
- CountyAlameda
- Zip Code94603
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9601 B St
Oakland, CA
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