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Jessamine Walker

jessamine@walkerpropertygroupca.com +1(949) 241-2927

$ 850,000

Est. payment | -/mo

7,501 Sqft Lot

Save

$ 850,000

Est. payment | -/mo

Save

7,501 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Ivy Wood Ext.

MLS Listing ID 41144574

HOA Y/N No

Year Built 1963

Lot Size 7,501 Sqft

Property Description

To access the marketing package copy/paste: https://bit.ly/kitehillre Introducing 9833 Walnut Street, a high-yield multifamily investment offering exceptional in-place cash flow with substantial value-add potential. Built in 1963, the property features an outstanding unit mix of (3) one-bedroom/one-bath units, (1) two-bedroom/one-bath units, and (1) three-bedroom/one-bath unit—a diverse mix that appeals to a broad tenant base and supports long-term occupancy. The asset generates nearly $105,000 in annual gross income and is offered at just over an 8.0 GRM, over a 7.0% cap rate, approximately $220 per square foot, and $170,000 per unit. With strong in-place cash flow and a projected 30% upside in rental income translating to approximately 50% upside in NOI, investors have a rare opportunity to acquire an asset that performs on day one while offering significant future growth. Recent capital improvements include a completed earthquake retrofit and a new perimeter fence, reducing future capital expenditure concerns. Additional amenities include covered parking and on-site coin-operated laundry, creating added convenience for tenants and supplemental income for ownership. Well priced relative to today's market fundamentals, 9833 Walnut Street is an ideal acquisition for investors seeking immediate yield, durable cash flow, and meaningful upside through strategic rent growth.

Location

State CA

County Alameda

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Total Parking Spaces 4

Others

Tax ID 4654285

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jatin Mehta Coldwell Banker Envision #02045713

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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9833 Walnut St Oakland, CA 94603