1715 9th Avenue
$980,000
4
4
2,603
2,603
$376
Sold 8/16/24
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.
Property Details for 1715 9th Avenue
City
OAKLAND
Dist Neighborhood SubdivCLINTON
Building TypeFOURPLEX
Property Sub TypeFOURPLEX
Garage/ParkingConverted, Garage, Off-Street Parking
Park Spaces Total4
Total # Parking Spaces4
LISTING UPDATED: 08/17/2024 03:00 AM
Property Details for 1715 9th Avenue
Status | Sold |
---|---|
MLS # | 41063797 |
Days on Compass | 14 |
Taxes | $11,975 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Fourplex |
Year Built | 1900 |
Lot Size | 0.13 AC / 5,750 SF |
County | Alameda County |
Building Information for 1715 9th Avenue
Stories-Residences4Year Built1900Building Size-Lot Size0.13 AC / 5,750 SF
Property Information for 1715 9th Avenue
Property History for 1715 9th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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$129,862Additions$303,013Total$432,875
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 | ||
Aspire Lionel Wilson College Preparatory Academy Charter6 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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