Property Details
About this Property
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.
MLS Listing Information
MLS #
BE41063797
MLS Source
Bay East
Interior Features
Flooring
Laminate, Linoleum, Tile
Laundry
None
Cooling
Air Conditioning - None
Heating
Wall Furnace
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Converted, Garage, Off-Street Parking, Garage: Car(s)
Elementary District
Oakland Unified
High School District
Oakland Unified
Sewer
Public Sewer
Water
Public
Complex Amenities
None
Contact Information
Listing Agent
Kevin Jacky Hom
Compass
License #: 02046184
Phone: (510) 896-0188
Co-Listing Agent
Crystal Florida
Compass
License #: 01926266
Phone: (925) 785-6488
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 700 | 1 | 0/0 | $1,450 |
| 2 | 700 | 1 | 0/0 | $1,295 |
| 3 | 532 | 1 | 0/0 | $2,000 |
| 4 | 671 | 1 | 0/0 | $1,905 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1715 9th Ave is a Residential Income in Oakland, CA 94606. This 2,603 square foot property sits on a 5,750 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $980,000 and was built in 1900. This address can also be written as 1715 9th Ave, Oakland, CA 94606.
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This listing information is up-to-date as of August 20, 2024. For the most current information, please contact Kevin Jacky Hom, (510) 896-0188
