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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

    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.

    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#: 41063797MLS Logo

    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