2605 9th Avenue, Oakland, CA 94606

$2,598,000
7,732
SqFt

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List Price
$2,598,000
Status
ACTIVE
MLS#
ML82064391
Year Built
1964
Property Type
Other
Living Area
7,732
Lot Size
7,841
Acres
0.18
County
Alameda
Subdivision
Ca

Property Description

10 apartments at 2605 9th Avenue (Ivy Square Apartments), a two-story building built in 1964 with about 7,171 SF of net rentable area on about 0.17 acres: 4 one-bedrooms, 5 two-bedrooms and a two-bath, three-bedroom unit of about 1,222 SF. Gated tuck-under parking for 10 cars and an on-site laundry room. Sewer lateral replaced in 2018 and certified by EBMUD through 2038. Market rents run about 8% above in-place rents. In Oakland's Ivy Hill neighborhood east of Lake Merritt, near Park Boulevard Plaza, FM Smith Park and Highland Hospital, with quick I-580 access. 6.93% current cap; 6.40% pro forma cap. Motivated ownership: all offers reviewed; Q4 2026 close preferred.

Additional Information

Parking Features
Other
Roof
Other

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Listing courtesy of Alina Siert from KW Advisors. 408-712-7692

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