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$ 850,000
Est. payment | /mo
3,856 SqFt
$ 850,000
Est. payment | /mo
3,856 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,856 sqft
Price per Sqft $220
Subdivision Ivy Wood Ext.
MLS Listing ID 41144574
HOA Y/N No
Year Built 1963
Lot Size 7,500 Sqft
Acres 0.17
Property Sub-Type Multi Family
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, (2) two-bedroom/one-bath units, and (1) three-bedroom/two-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
Rooms
Basement None
Interior
Interior Features Storage
Heating Natural Gas
Cooling None
Flooring Wood
Fireplace No
Laundry Coin Operated
Exterior
Utilities Available Wired For Cable TV, Individual Electric Meter, Individual Gas Meter
Total Parking Spaces 4
Building
Lot Description Rectangular Lot, Paved
Sewer Public Sewer
Water Public
New Construction No
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Listed by Jatin Mehta • Kite Hill Real Estate
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