Oakland Multifamily Property with Renovated
For Sale
$2,598,000
Pending
2605 9th Ave, Oakland, CA 94606
Renovated 10-unit multifamily property in Oakland, near medical facilities.
Property Size7,732 SF
Lot Size0.17 Acres
Days on Market222
Property Features for 2605 9th Ave
General Information
Standard status
Pending
Size
7,732 SF
Lot size
0.17 Acres
Property subtype
Multi Family
Site & Location
Neighborhood
San Antonio
Building Details
Year Built
1964
Listing Agency:
Infinity Investments
(510) 380-8101
Listed By:
Steven Peterson · License #01746140
(408) 509-0700
Source:
Exitrealty
Added: Mar 30
Changed: Oct 25
Last Checked: Oct 24 at 2:13PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$151,907
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,038,140
$3.0M
Cap Rate 7%
$2,170,100
$2.2M
Cap Rate 9%
$1,687,856
$1.7M
Market Conditions
NOI Build-Up for 7,732 SF
Gross rent
$292.3K $37.80/SF
− Vacancy
−$16.1K −$2.08/SF
EGI
$276.2K $35.72/SF
− OpEx
−$124.3K −$16.07/SF
NOI
$151.9K $19.65/SF
Area
ZIP 94606
Vacancy
5.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,038,140
Cap Rate 7%
$2,170,100
Cap Rate 9%
$1,687,856
Alternative Uses
Best Use
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $151,907 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,553 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
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Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Oakland, CA
Properties on Market for Apartment buildings in Oakland
Vacancy Rate% for Multifamily in West region
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.
