9635 Plymouth St - Apartments FOR SALE


Oakland, CA 94603- Cox
$1,300,000 USD
925-430-6197
9635 Plymouth St, Oakland, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/5
null | 6.51% Cap Rate

9635 Plymouth St
Oakland, CA 94603
Cox


HIGHLIGHTS

  • $185,000 per unit pricing
  • 9.16 Gross Rent Multiplier (GRM) based on in-place rents, and pro forma rents for the two current vacancies.
  • Strong in-place income with upside through lease-up and future rent increases
  • Off-street parking and garage spaces for added tenant convenience

OVERVIEW

Seven-Unit Investment Opportunity Located in Oakland’s Cox neighborhood, 9635 Plymouth Street is a well-maintained, two-story, seven-unit multifamily asset offering both immediate income and long-term value-add potential. Built in 1960, the unit mix includes (3) one-bedroom/one-bath, (2) two-bedroom/one-bath, (1) three-bedroom/one-bath, and (1) four-bedroom/one-bath units — a diverse layout catering to a wide tenant base. The property currently has two vacant units in great condition, allowing new ownership the opportunity to capture market rents immediately. Several other units have been recently updated, further supporting upside potential through rent growth as units turn over. Investment highlights include: • $185,000 per unit pricing • 9.16 Gross Rent Multiplier (GRM) based on in-place rents, and pro forma rents for the two current vacancies. • Strong in-place income with upside through lease-up and future rent increases • Off-street parking and garage spaces for added tenant convenience Positioned within walking distance to AC Transit bus lines (90 & 98) and close to BART, residents also enjoy proximity to Verdese Carter Park, Oakland Zoo, local schools, and key East Bay corridors including International Blvd, I-580, and I-880. With a stable tenant base, desirable location, and clear value-add pathway, 9635 Plymouth Street presents a compelling opportunity for investors seeking strong in-place cash flow and long-term appreciation pathway.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

7

PRICE/UNIT

$185,714

CAP RATE

6.51%

% LEASED

1%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

R-40, Oakland

APN/PARCEL ID

046-5436-010-00

ASK ABOUT THIS PROPERTY

Jacob HoggattMatthews Real Estate Investment ServicesMore Info
925-430-6197

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Jacob HoggattMatthews Real Estate Investment ServicesMore Info
925-430-6197

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.