Oakland Multifamily Property with Renovated
2605 9th Ave Oakland, CA 94606
For Sale
$2,598,000
Pending
Renovated 10-unit multifamily property in Oakland, near medical facilities.
Property Size7,600 SF
Lot Size0.17 Acres
Days on Market97
Property Features for 2605 9th Ave
General Information
Standard status
Pending
Size
7,600 SF
Lot size
0.17 Acres
Property subtype
Investment
Building Details
Year Built
1964
Listing Agency:
Infinity Investments
(408) 509-0700
Listed By:
Steven Peterson · License #01746140
(408) 509-0700
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 7:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Infinity Investments
Investment Insights
Based on property information with market context.
Located at 2605 9th Ave in Oakland, California, this two-story property features 7,600 rentable square feet. Constructed in 1964, the building includes 10 units: eight two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units, each with private baths and kitchens. The property sits on a 0.17-acre lot and includes 10 parking spaces. The building has a concrete perimeter foundation, wood exterior walls, and a composition shingle roof. On-site laundry facilities are available. All units have been renovated. Each unit is equipped with separate gas and electric meters and individual hot water heaters. The property is in good condition with no deferred maintenance. The building offers affordable living and a strong sense of community, appealing to those seeking proximity to medical facilities and a diverse, established neighborhood. Upstairs units offer pleasant views from the entry and living room. The coin-operated laundry provides additional income. The property has a bike score of 44, indicating it is somewhat bikeable, a walk score of 66, indicating it is somewhat walkable, and a transit score of 55, indicating good transit options.
Key Highlights
- 10 renovated units, featuring 8 two‑bedroom and 2 one‑bedroom layouts, each with private baths and kitchens.
- Separate gas and electric meters and individual hot water heaters for each unit, reducing owner expenses.
- 10 parking spaces on a .17 acre lot.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $287.3k | $37.80 |
| − Vacancy | −$15.8k | −$2.08 |
| EGI | $271.5k | $35.72 |
| − OpEx | −$122.2k | −$16.07 |
| NOI | $149.3k | $19.65 |
7,600 SF · lease $37.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.13M
$1.87M – $2.49M
NOI $149,314 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,344 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 10-unit multifamily property in Oakland, near medical facilities.
Where is this apartment building located?
The property is located at 2605 9th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $2,598,000.
What are key features of this property?
This property features: 10 renovated units, featuring 8 two‑bedroom and 2 one‑bedroom layouts, each with private baths and kitchens.; Separate gas and electric meters and individual hot water heaters for each unit, reducing owner expenses.; 10 parking spaces on a .17 acre lot.
