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9716 Mountain Blvd 9716 Mountain Blvd 4 Unit Apartment Building $1,300,000 ($325,000/Unit) 6.54% Cap Rate Oakland, CA 94605
Investment 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.
- ADU potential in the back of the property. RM-4 Zoning allows for Accessory Dwelling Units on this 6,450 SF parcel.
- Low utility cost, Tenants pay for their own PG&E and Water expenses.
Executive Summary
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.
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.
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $325,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,130 SF |
| Cap Rate | 6.54% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 3.83/1,000 SF |
| Zoning | RM-4 - Residential, medium-density. | ||
| Price | $1,300,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,130 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 3.83/1,000 SF |
| Zoning | RM-4 - Residential, medium-density. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Property Taxes
| Parcel Number | 043A-4676-030-01 | Improvements Assessment | $1,039,976 |
| Land Assessment | $445,704 | Total Assessment | $1,485,680 |
Property Taxes
Parcel Number
043A-4676-030-01
Land Assessment
$445,704
Improvements Assessment
$1,039,976
Total Assessment
$1,485,680
Contacts
-
Jacob Hoggatt -
Jack Markey -
Chuck Evans -
Matthews Real Estate Investment Services
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9716 Mountain Blvd | 9716 Mountain Blvd
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