9251 International Blvd, Oakland, California 94603, Oakland, 94603 - bed, bath
ACTIVE$650,000/sqft
9251 International Blvd, Oakland, California 94603
0Bed
0Bath
Sqft
2,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Diversified Income Stream: A four-unit mixed-use asset (quadruplex) offers multiple rental income streams, enhancing stability and reducing vacancy risk.
Top Cons:
Historic Property Condition: Built in 1914, the property likely requires significant capital investment for modernization, system upgrades, and ongoing maintenance to meet contemporary standards.
Compared to the nearby listings
Price:$650.0K vs avg $660.0K ($-10,000)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1914 (112 years old).
Condition: Built in 1914, this property is over a century old. The listing explicitly states it 'likely requires significant capital investment for modernization, system upgrades, and ongoing maintenance' and 'necessitates a renovation strategy' to achieve stronger rents. The exterior image shows an aged building consistent with its build year, suggesting a lack of recent extensive renovation. Without interior photos, the description strongly indicates the need for substantial repairs and rehabilitation to meet contemporary standards.
Year Built
1914
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41120782
Home ConditionPoor
Features
View-
About this home
9251 International Blvd provides an opportunity to acquire a four-unit mixed-use asset with an additional income stream from an on-site billboard, creating flexibility and upside in a high-visibility Oakland location. Built in 1914, the property totals approximately 3,106 square feet on a 2,500-square-foot lot. The residential mix includes two two-bedroom/one-bath units and two studio units, with one studio currently vacant, allowing for immediate leaseup or repositioning. With its blend of unit types, built-in advertising income, and proximity to major transit corridors throughout East Oakland, 9251 International Blvd offers a practical path for renovation, stronger rents, and long-term value creation.
N
Nolan Jones
Listing Agent
Price History
Date
Event
Price
11/01/17
Sold
$455,000
10/19/12
Sold
$180,000
07/16/02
Sold
$307,000
Condition Rating
Poor
Built in 1914, this property is over a century old. The listing explicitly states it 'likely requires significant capital investment for modernization, system upgrades, and ongoing maintenance' and 'necessitates a renovation strategy' to achieve stronger rents. The exterior image shows an aged building consistent with its build year, suggesting a lack of recent extensive renovation. Without interior photos, the description strongly indicates the need for substantial repairs and rehabilitation to meet contemporary standards.
Pros & Cons
Pros
Diversified Income Stream: A four-unit mixed-use asset (quadruplex) offers multiple rental income streams, enhancing stability and reducing vacancy risk.
Unique Auxiliary Income: An on-site billboard provides an additional, passive income stream, boosting the property's overall financial performance.
Strategic High-Visibility Location: Situated in a high-visibility area of East Oakland with proximity to major transit corridors, appealing to both residential tenants and potential advertisers.
Immediate Value-Add Opportunity: One vacant studio unit allows for immediate lease-up at current market rates or strategic renovation to maximize rental income.
Significant Upside Potential: The property presents a clear path for renovation, leading to stronger rents and substantial long-term value creation for an investor.
Cons
Historic Property Condition: Built in 1914, the property likely requires significant capital investment for modernization, system upgrades, and ongoing maintenance to meet contemporary standards.
Limited Lot Size: A 2,500 sq ft lot for a four-unit property may restrict outdoor amenities, parking availability, and future expansion opportunities.
Required Renovation for Optimization: Achieving 'stronger rents' and maximizing value necessitates a renovation strategy, implying immediate capital expenditure and management effort.