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9833 Walnut St, Oakland, CA 94603

$850,000 Approx. USD 0 beds, 0 baths

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Marketed By

Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Jatin Mehta | jat@teamkitehill.com
Lic#: 02045713
Broker: Courtesy of Coldwell Banker Envision
Phone: 510-878-6800

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 41144574

Price: $850,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1963

0.17 acres

Lot size: 0.1722

Subdivision: IVY WOOD EXT.

County: Alameda

Construction: Stucco

Heating/cooling: None

Heating description: Natural Gas

Last Updated: 10/16/2026

Days On Market (DOM): 89

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Lat/Long: 37.744735, -122.168201.
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