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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Original List Price$1,450,000
- SubdivisionELMHURST
- MLS #41080346
- MLS #41080346
- CountyAlameda
- Taxes Annual$17,434
- Cost1450000
- Acres0.2755
- Year Built1902
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Maurice Carbajal (#CCBE-161502696)
Listing Office: GCM Realty & Loans (#CCBE-CCGRCM)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.