2605 9th Avenue, Oakland, California 94606
$2,598,000
- Property Type
- Commercial Sale
- Building Size
- 7,732 sqft
- City
- Oakland
- Status
- Active
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.
About
Listed by Alina Siert with KW Advisors
Quick Facts
MLS Property Type
Commercial Sale
Status
Active
MLS Number
ML82064391
Year Built
1964
Building Size
7,732 sq ft
Lot Size
7,841 sq ft
Location
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Details
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