$2,598,000

This very nostalgic 2 story property is located at 2605 9th Ave in Oakland California. It has 7,600 rentable square feet, with 10 large units including 8 two-bedroom one-bathroom and 2 one-bedroom/one bathroom all with private baths and kitchens on a .17 acre lot with 10 parking spaces. The property was built in 1964, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 100% of the units have been renovated and are brand new. All units have separate gas + electric meters and individual hot water heaters minimizing the owner’s expenses. This building allows the next owner to increase returns and leverage investment in the hot Oakland market. The subject has no deferred maintenance and is in good condition. 2605 9th Ave blends historic charm with urban realities, offering affordable living with great potential and a strong sense of community, particularly appealing to those seeking proximity to medical facilities and a diverse, established neighborhood. The quality of the building is maintained with pride. The units are separately metered for gas and electricity. The units have pleasant views from the entry and living room of upstairs units. The laundry is coin operated for additional income.