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$2,598,000
Est. payment /mo
7,840 Sqft Lot
Open House
Wed Oct 21, 11:00am - 1:00pm
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82064391
HOA Y/N No
Year Built 1964
Annual Tax Amount $30,051
Lot Size 7,840 Sqft
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 699 - Not Defined
Zoning R-50
Interior
Fireplace No
Exterior
Utilities Available Other
Roof Type Other
Building
Water Other
Schools
School District Other
Others
Tax ID 0220341013
Special Listing Condition Standard
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Listed by Alina Siert KW Advisors #01893238
NEARBY SCHOOL & BUSINESS
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