9833 Walnut St, Oakland, CA 94603
- $850,000
Listed by Jatin Mehta, (510) 878-6800 from Kite Hill Real Estate
(If provided) CoList: from
- List Price
- $850,000
- MLS#
- EB41144574
- Status
- ACTIVE
- Lot Size
- 7,500
- Listing Area
- Oakland Zip Code 94603
- Year Built
- 1963
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre Introducing 9833 Walnut Street, a high-yield multifamily investment offering exceptional in-place cash flow with substantial value-add potential. Built in 1963, the property features an outstanding unit mix of (3) one-bedroom/one-bath units, (2) two-bedroom/one-bath units, and (1) three-bedroom/two-bath unit-a diverse mix that appeals to a broad tenant base and supports long-term occupancy. The asset generates nearly $105,000 in annual gross income and is offered at just over an 8.0 GRM, over a 7.0% cap rate, approximately $220 per square foot, and $170,000 per unit. With strong in-place cash flow and a projected 30% upside in rental income translating to approximately 50% upside in NOI, investors have a rare opportunity to acquire an asset that performs on day one while offering significant future growth. Recent capital improvements include a completed earthquake retrofit and a new perimeter fence, reducing future capital expenditure concerns. Additional amenities include covered parking and on-site coin-operated laundry, creating added convenience for tenants and supplemental income for ownership. Well priced relative to today's market fundamentals, 9833 Walnut Street is an ideal acquisition for investors
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Additional Information
- Acres
- 0.17
- Amenities
- Storage Area(s)
- Cooling System
- None
- Days On Market
- Unknown
- Exterior Features
- Stucco
- Floor Covering
- Wood
- Garage Parking
- Tandem Parking
- Heating System
- Gas
- Laundry Facilities
- Laundry Facility - Coin-Op
- Lot Description
- Regular
- Lot Size
- 7,500
- Neighborhood
- Oakland Zip Code 94603
- Numberof Units
- 5
- Unincorporated Yn
- Yes
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