9716 Mountain Blvd - Apartments FOR SALE


Oakland, CA 94605- Southeast Oakland Hills
$1,300,000 USD
925-430-6197
9716 Mountain Blvd, Oakland, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/29
null | 6.54% Cap Rate

9716 Mountain Blvd
Oakland, CA 94605
Southeast Oakland Hills


HIGHLIGHTS

  • All two-bedroom, one-bathroom units, each approximately 800 SF. 3/4 units occupied with average rent of $2,573.75 per unit per month.
  • Low utility cost, Tenants pay for their own PG&E and Water expenses.
  • ADU potential in the back of the property. RM-4 Zoning allows for Accessory Dwelling Units on this 6,450 SF parcel.

OVERVIEW

OPEN HOUSE: Monday, January 26th at 11am. 9716 Mountain Blvd is a four-unit multifamily property consisting of all two-bedroom, one-bathroom units, each approximately 800 SF, offering a highly desirable and easy-to-lease unit mix. Ownership has completed recent interior upgrades across all units, including new flooring, updated kitchen cabinets and countertops, and new windows, reducing near-term capital expenditures and enhancing tenant appeal. The property is currently 75% occupied, with three units generating in-place income and one vacant unit projected at market rent, resulting in a total gross income of approximately $123,540 based on current and pro forma rents. Tenants pay for their own PG&E and water, while ownership is responsible for the trash removal. Located in Oakland’s Sequoyah neighborhood within the 94605 Zip Code, the property benefits from a primarily residential setting with access to local amenities, parks, and transportation, supporting consistent rental demand. The combination of recent renovations, a vacant unit ready for lease-up, and strong income fundamentals presents an attractive opportunity for investors seeking stabilized cash flow with immediate upside potential. Additional upside can be realized from the ADU potential in the back of the property. RM-4 Zoning allows for Accessory Dwelling Units on this 6,450 SF lot.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

4

PRICE/UNIT

$325,000

CAP RATE

6.54%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9716 Mountain Blvd

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RM-4

APN/PARCEL ID

043A-4676-030-01

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 Notice.