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Listed by Alina Siert • KW Advisors, DRE#01893238
$2,598,000
Est. payment /mo
7,732 SqFt
Open House
Wed Oct 21, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,732 sqft
Price per Sqft $336
MLS Listing ID ML82064391
Year Built 1964
Lot Size 7,841 Sqft
Property Sub-Type Five or More Units
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.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Zoning R-50
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 022-0341-013
Security Features Other
Special Listing Condition Not Applicable
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