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$2,598,000
Est. payment /mo
7,732 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,732 sqft
Price per Sqft $336
MLS Listing ID ML82064391
HOA Y/N No
Year Built 1964
Lot Size 7,841 Sqft
Property Sub-Type Other
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
Zoning R-50
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Handicap Access Other
Building
New Construction No
Others
Tax ID 0220341013
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Listed by Alina Siert • KW Advisors
NEARBY SCHOOL & BUSINESS
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