9833 Walnut StOakland, CA 94603

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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1963

Living area

3,856 Sq Ft

Lot size

0.17 acres

Parking spaces

4

Days on market

73

MLS^® Listing#

41144574

Property Features

Interior

Storage

Cooling

None

Heating

Natural Gas

Flooring

Wood

Basement

None

Parking

Tandem

Lot features

Rectangular Lot · Paved

Construction

Stucco

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Utilities

Cable Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None