9601 B Street

Oakland, CA 94603

$1,450,000
Price
Beds
Baths
6,320 Sq. Ft.
$229 / Sq. Ft.
6,320
Sq. Ft.
$229
per Sq. Ft.

Description

GCM Realty Commercial is pleased to present 9601 B Street Oakland, an six-unit property in Oakland's Elmhurst neighborhood. This property features four 2bedroom/1bath units with an enclosed garage and laundry hook ups. These units are not subject to rent control. There is also a duplex on the property that consists o an upstairs unit with 4 bedrooms and 1 bath, also with laundry hook ups and finally a downstairs unit with 4 bedrooms and 1 bath and laundry hook ups. These 2 units are subject to rent...GCM Realty Commercial is pleased to present 9601 B Street Oakland, an six-unit property in Oakland's Elmhurst neighborhood. This property features four 2bedroom/1bath units with an enclosed garage and laundry hook ups. These units are not subject to rent control. There is also a duplex on the property that consists o an upstairs unit with 4 bedrooms and 1 bath, also with laundry hook ups and finally a downstairs unit with 4 bedrooms and 1 bath and laundry hook ups. These 2 units are subject to rent control. 2:1 off-street parking and ample storage. Its location near the 98th Street interchange to highway 80 makes it an attractive option for commuters. The current rental rates, approximately 30% below market, reveal a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. This property is ideal for both new investors that want to maximize passive income and gain equity through property upgrades. Current GRM 10.24; Current CAP7.1%; Email agent on property website for more info.
  1. Listed by Maurice Carbajal • DRE #01415783 • GCM Realty & Loans

Property Details for 9601 B Street

City
OAKLAND
Dist Neighborhood Subdiv
ELMHURST
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Attached Garage, Parking Area, Spaces per Unit - >1
Total # Parking Spaces
10
LISTING UPDATED: 12/15/2024 12:19 AM

Property Details for 9601 B Street

StatusActive
MLS #41080346
Days on Compass72
Taxes$17,434 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1902
Lot Size0.28 AC / 12,000 SF
CountyAlameda County

Building Information for 9601 B Street

Stories-Residences6Year Built1902Building Size-Lot Size0.28 AC / 12,000 SF

Property Information for 9601 B Street

Features
Feature Details
  • Flooring: Hardwood Floors, Laminate, Tile, Carpet
Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Siding
  • Lot Description: Regular
  • Lot Sq Ft Apx: 12000
  • Lot Size Square Feet: 12000.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 6320
  • Year Built: 1902
Location Details
  • Directions to Property: 98th Ave to B Street
  • FIPS Code: 06001
  • Census Tract: 4094
  • Parcel Number: 44-4981-6
  • Printed Neighborhood Rpt: Yes
  • Board ID: CONTRA COSTA
Multi Family Information
General Details
  • Units Total: 6
  • Basement: None
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Incomplete, Owner
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: Yes
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 4
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 2
  • Unit # 1 Approx SqFt: 1200
  • Unit # 1 Rent: 1800
Unit 2
  • Unit 2 # Units This Type?: 1
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Dining Room: Yes
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 4
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 2
  • Unit # 2 Approx SqFt: 1200
  • Unit # 2 Rent: 2000
Unit 3
  • Unit 3 # Units This Type?: 4
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Dining Room: Yes
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 2
  • Unit # 3 Approx SqFt: 900
  • Unit # 3 Rent: 2000
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • On Site Parking Description: Attached Garage, Parking Area, Space Per Unit - 2, Uncovered Park Spaces 2+
  • Tot Ann Oper Exp: 39334.0
Income / Expense Details
  • Annual Insurance Expense: $4,000
  • Annual License Expense: $250
  • Annual Maint Expense: $3,000
  • Annual Misc Income: $0
  • Annual Rent Income: $141,600
  • Annual Taxes: $17,434
  • Annual Util Expense: $11,650
  • Gross Income: $141,600
  • Gross Rent Multiplier: 10.24
  • Other Annual Expense: $3,000
Other Financial Information
  • Apprx Equity: 1250000.0
  • Cap Rate: 7.1
  • Existing Loan: Other
  • First Balance: $220,000
  • Ocpnt Req 24 Hr: No
  • Other Loans: No
Additional Information
Additional Information
  • Fireplace: No

Property History for 9601 B Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 9601 B Street

Taxable ValueLand$69,032Additions$814,189Total$883,221
Tax Record2024$16,894 ($1,408 / month)
Home Facts
Total Finished SqFt6,320 SqFtAbove Grade Finished SqFt6,320 SqFtStories2Lot Size12,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1902Year Renovated1961CountyALAMEDAAPN44-4981-6

Schools near 9601 B Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Fred T. Korematsu Discovery Academy
PublicK to 5

Esperanza Elementary School
PublicK to 5

Elmhurst United Middle
Public6 to 8

Castlemont High
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.

Similar Homes

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9601 B Street is a multi-family home for sale in Oakland, CA 94603. This property was listed for sale on December 8, 2024 by GCM Realty & Loans, it's currently listed at $1,450,000. It has been on the market for a total of 72 days and was last sold on July 31, 1997. This listing's school district is Oakland Unified School District. Nearby schools include Fred T. Korematsu Discovery Academy, Esperanza Elementary School and Elmhurst United Middle. 9601 B Street is a 0-bed, 0-bath, 6,320 sqft multi-family home built in 1902.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GCM Realty & Loans, Maurice Carbajal, DRE #01415783

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.