9716 Mountain Blvd, Oakland, California 94605, Oakland, 94605 - bed, bath
ACTIVE$1,300,000/sqft
9716 Mountain Blvd, Oakland, California 94605
0Bed
0Bath
Sqft
6,450Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Recent Capital Improvements: Ownership has completed significant interior upgrades across all units, including new flooring, updated kitchen cabinets/countertops, and new windows, reducing near-term capital expenditures for a new owner and enhancing tenant appeal.
Top Cons:
Age of Building: Built in 1961, the property is over 60 years old. While interiors are updated, major systems (e.g., roof, plumbing, electrical infrastructure) may require significant capital expenditures in the future.
Compared to the nearby listings
Price:$1.30M vs avg $789.0K (+$511,000)86%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1961 (65 years old).
Condition: The property, built in 1961, has undergone recent interior upgrades across all units, including new flooring, updated kitchen cabinets and countertops, and new windows. The kitchens feature updated white cabinets, granite-look countertops, and clean, functional white appliances. Bathrooms have new vanities, modern light fixtures, and updated flooring. While the building's age suggests potential future capital expenditures for major systems, the individual units are move-in ready and present well-maintained, updated interiors, aligning with the 'Good' condition criteria for renovated properties.
Year Built
1961
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41120822
Home ConditionGood
Features
Good View: Hills, Mountain(s)
Patio
ViewHills, Mountain(s)
About this home
9716 Mountain Blvd is a four-unit multifamily property consisting of all two-bedroom, one-bathroom units, each approximately 800 SF 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.
J
Jacob Hoggatt
Listing Agent
Nearby schools
4/10
Howard Elementary School
Public,•K-5•0.5mi
2/10
Grass Valley Elementary School
Public,•K-5•1.3mi
3/10
Carl B. Munck Elementary School
Public,•K-5•3.1mi
2/10
Elmhurst Community Prep School
Public,•6-8•1.1mi
2/10
Frick Middle School
Public,•6-8•2.2mi
4/10
Montera Middle School
Public,•6-8•5.3mi
4/10
Skyline High School
Public,•9-12•3.1mi
2/10
Fremont High
Public,•9-12•3.6mi
2/10
Oakland International High School
Public,•9-12•8.1mi
Price History
Date
Event
Price
02/21/01
Sold
$425,000
05/04/22
Sold
$1,400,000
Condition Rating
Good
The property, built in 1961, has undergone recent interior upgrades across all units, including new flooring, updated kitchen cabinets and countertops, and new windows. The kitchens feature updated white cabinets, granite-look countertops, and clean, functional white appliances. Bathrooms have new vanities, modern light fixtures, and updated flooring. While the building's age suggests potential future capital expenditures for major systems, the individual units are move-in ready and present well-maintained, updated interiors, aligning with the 'Good' condition criteria for renovated properties.
Pros & Cons
Pros
Recent Capital Improvements: Ownership has completed significant interior upgrades across all units, including new flooring, updated kitchen cabinets/countertops, and new windows, reducing near-term capital expenditures for a new owner and enhancing tenant appeal.
Income-Generating Multifamily Property: This four-unit quadruplex provides multiple income streams, offering a stable investment opportunity with a total gross income of approximately $123,540 based on current and pro forma rents.
Reduced Owner Operating Expenses: Tenants are responsible for their own PG&E and water, significantly lowering the owner's utility burden and increasing the net operating income.
Immediate Value-Add Opportunity: With 75% occupancy and one vacant unit projected at market rent, a new owner has the immediate opportunity to place a tenant and maximize the property's income potential from day one.
Consistent Rental Demand Location: Located in Oakland’s desirable Sequoyah neighborhood, the property benefits from a primarily residential setting with access to local amenities, parks, and transportation, supporting strong and consistent rental demand.
Cons
Age of Building: Built in 1961, the property is over 60 years old. While interiors are updated, major systems (e.g., roof, plumbing, electrical infrastructure) may require significant capital expenditures in the future.
Potential Rent Control Impact: As a multifamily property in Oakland, it is likely subject to the city's rent control ordinances, which could limit future rent increases and tenant eviction flexibility for the occupied units.
Owner-Paid Trash Service: While tenants cover major utilities, the owner remains responsible for trash removal, representing a recurring operating expense that could be passed on to tenants in other markets.