Active
9601 B St
Oakland CA, 94603
$1,450,000
$229.43 per sqft
Active
6,320 sqft
Commercial
Built in 1902
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.
41080346
MLSⓇ ID
December 8, 2024
Listed
January 10, 2025
Updated
Map
9601 B St
Oakland CA, 94603
Interior Features
Floor Description
Hardwood, Laminate, Tile, Carpet
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.28 Acres
Lot Features
Regular
Roof
Composition Shingles
Sewer
Public Sewer
Other Property Details
Area Name
Oakland
Garage
Yes
Parking
Attached, Parking Lot, Space Per Unit - 2, Uncovered Park Spaces 2
View
No
County
Alameda
Pool
No
Listed by Maurice Carbajal with GCM Realty & Loans
Listing Contact: 510-387-7954
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