2605 9th AVE, Oakland, CA 94606
2605 9th AVE, Oakland, CA 94606
2605 9th AVE, Oakland, CA 94606
2605 9th AVE, Oakland, CA 94606
2605 9th AVE, Oakland, CA 94606
2605 9th AVE, Oakland, CA 94606
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Bobby Ngo

Bobby Ngo

+1(408) 813-6106
Listed by Alina Siert • KW Advisors, DRE#01893238
$ 2,598,000
Est. payment | /mo

7,732 SqFt

Save
$ 2,598,000
Est. payment | /mo
Save

7,732 SqFt

Open House

Wed Oct 21, 11:00am - 1:00pm

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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Nearby School & Business

Bobby Ngo

+1(408) 813-6106

bobby@teamwlrea.com

1651 El Camino Real, Millbrae, CA 94030

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