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+15624180777
Berkshire Hathaway
2605 9th Avenue, Oakland, CA 94606
- $2,598,000
- List Price
- $2,598,000
- Status
- ACTIVE
- MLS#
- ML82064391
- Year Built
- 1964
- Lot Size
- 7,841
- Acres
- 0.18
- Days on Market
- 3
- Property Type
- Commercial
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.
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Additional Information
- Taxes
- $30,051
- Cooling
- Yes
- Roof
- Other
- Water
- Other
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $256,860
Listing courtesy of Listing Agent: Alina Siert (alina@siertgroup.com) from Listing Office: KW Advisors.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.