1715 9th Avenue

Oakland, CA 94606

$958,000
Price
4
Beds
4
Baths
2,603 Sq. Ft.
$368 / Sq. Ft.
2,603
Sq. Ft.
$368
per Sq. Ft.

Description

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...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.

Listing Agents

  1. Kevin Hom

    Kevin Hom

    Listing Agent

    Compass

    DRE #02046184

    kevinhom@compass.com

    P: 510.896.0188

  2. Crystal Florida

    Crystal Florida

    Alternative Listing Agent

    Compass

    DRE #02046184

Property Details for 1715 9th Avenue

City
OAKLAND
Dist Neighborhood Subdiv
CLINTON
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Converted, Garage, Off-Street Parking
Park Spaces Total
4
Total # Parking Spaces
4
LISTING UPDATED: 07/03/2024 03:41 PM

Property Details for 1715 9th Avenue

StatusPending Show For Backups
MLS #41063797
Days on Compass14
Taxes$11,975 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1900
Lot Size0.13 AC / 5,750 SF
CountyAlameda County

Building Information for 1715 9th Avenue

Stories-Residences4Year Built1900Building Size-Lot Size0.13 AC / 5,750 SF

Property Information for 1715 9th Avenue

Features
Feature Details
  • Flooring: Laminate, Linoleum, Tile
  • Laundry: No Hookups
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
  • Solar: None
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: Siding - Other
  • Lot Description: Level, Regular
  • Lot Sq Ft Apx: 5750
  • Lot Size Square Feet: 5750.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 2603
  • Yard Description: Back Yard, Front Yard, Side Yard
  • Year Built: 1900
  • Acres: 0.13
Location Details
  • Elementary School District: 1686
  • Directions to Property: 14th to E 18th to 9th
  • FIPS Code: 06001
  • Parcel Number: 20-218-9
  • Printed Neighborhood Rpt: No
  • Board ID: BAY EAST
Multi Family Information
General Details
  • Units Total: 4
  • Basement: None
  • Parking Description: Converted Garage, Garage Parking, Off Street Parking
  • Existing Lease Terms: Month to Month, Security Deposit, Written Agreement
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner, Projected
Income / Expense Details
  • Annual Expense Year: 19979
  • Annual Taxes $: $11,975
  • Annual Gross Sched Income: $103,880
  • Net Operating Income: $80,784
  • Annual Insurance Expense: $2,075
  • Annual Maintance Expense: $500
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $31,954
  • Annual Utility Expense: $9,726
  • Annual Vacancy Expense: $3,116
  • Operating Expenses: Insurance, Trash Removal, Water
Unit 1 Details
  • Unit #/Address - 1: A
  • Occupied By 1: Tenant
  • Dining Room 1: Yes
  • Air Cond 1: No
  • Fireplace 1: No
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 1
  • Bathrooms 1: 1
  • Parking Spaces 1: 0
  • Apx Sq Ft 1: 700
  • Rent 1: 1450
Unit 2 Details
  • Unit #/Address - 2: B
  • Occupied By 2: Tenant
  • Dining Room 2: Yes
  • Air Cond 2: No
  • Fireplace 2: No
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Parking Spaces 2: 0
  • Apx Sq Ft 2: 700
  • Rent 2: 1295
Unit 3 Details
  • Unit #/Address - 3: C
  • Occupied By 3: Vacant
  • Dining Room 3: Yes
  • Air Cond 3: No
  • Fireplace 3: No
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 1
  • Bathrooms 3: 1
  • Parking Spaces 3: 0
  • Apx Sq Ft 3: 532
  • Rent 3: 2000
Unit 4 Details
  • Unit #/Address - 4: D
  • Occupied By 4: Tenant
  • Dining Room 4: Yes
  • Air Cond 4: No
  • Fireplace 4: No
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 1
  • Bathrooms 4: 1
  • Parking Spaces 4: 0
  • Apx Sq Ft 4: 671
  • Rent 4: 1905
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: None
  • Managers Unit: None
  • Total Deposits: 1200
Additional Information
Additional Information
  • Fireplace: No
  • Elementary School District: Oakland (510) 879-8111
  • High School District: Oakland (510) 879-8111

Property History for 1715 9th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1715 9th Avenue

Taxable ValueLand$127,316Additions$297,072Total$424,388
Tax Record2023$9,607 ($801 / month)
Home Facts
Total Finished SqFt2,603 SqFtAbove Grade Finished SqFt2,603 SqFtStories1Lot Size5,750 SqFtStyleQuadraplexYear Built1900CountyALAMEDAAPN20-218-9

Schools near 1715 9th Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Roosevelt Middle School
Public6 to 8

Oakland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kevin Hom, DRE #02046184; Compass, Crystal Florida, DRE #02046184

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.