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.
Sold for $980,000 on 08/16/24
$980,000
1715 9th Ave, Oakland, CA 94606
--beds
--baths
2,603sqft
Multi Family, Quadruplex
Built in 1900
-- sqft lot
$981,900 Zestimate®
$376/sqft
$3,435 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 17, 2024 at 03:16am
Listed by:
Kevin Jacky Hom DRE #02046184 510-896-0188,
Compass,
Crystal Florida DRE #01926266 925-785-6488,
Compass
Bought with:
Kimberlee Walker, DRE #02067155
Watermark Properties
Source: Bay East AOR,MLS#: 41063797

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Has cooling: Yes
Appliances
- Laundry: No Hookups
Features
- Flooring: Laminate, Linoleum, Tile
- Has fireplace: No
Interior area
- Total structure area: 2,603
- Total interior livable area: 2,603 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Lot
- Size: 5,662 sqft
- Features: Level, Back Yard, Front Yard, Side Yard
Details
- Parcel number: 202189
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
- Attached to another structure: Yes
Materials
- Siding - Other
- Roof: Composition
Condition
- Year built: 1900
Utilities & green energy
- Electric: No Solar
Community & neighborhood
Community
- Community features: None
Location
- Region: Oakland
- Subdivision: Clinton
HOA & financial
Other financial information
- Total actual rent: 1450
Services availability
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Estimated market value
$981,900