Ivy Wood Ext. Homes with Paved Lot Descriiption

Welcome to Ivy Wood Extension, a hidden gem nestled in the vibrant city of Oakland, California. This charming neighborhood is characterized by its lush greenery, friendly community, and a perfect blend of suburban tranquility and urban convenience. Ivy Wood Extension boasts a rich tapestry of diverse homes, each with its own unique character and charm, making it a delightful place for families, young professionals, and retirees alike.

One of the standout features of Ivy Wood Extension is its well-maintained paved lots. Homes in this area often come with spacious paved driveways, providing ample parking and easy access for residents and their guests. This thoughtful design not only enhances the aesthetic appeal of the neighborhood but also adds a layer of practicality, ensuring that everyday living is convenient and stress-free.

Residents of Ivy Wood Extension enjoy a plethora of amenities nearby, including parks, schools, and shopping centers. The community is well-connected to public transportation, making it easy to explore all that Oakland has to offer. Whether you're strolling through the local parks, enjoying a coffee at a nearby café, or indulging in the diverse dining options, there's always something to do in this vibrant neighborhood.

With its inviting atmosphere and strong sense of community, Ivy Wood Extension is more than just a place to live—it's a place to call home. If you're looking for a neighborhood that perfectly balances comfort, convenience, and charm, Ivy Wood Extension is the ideal choice for your next chapter. Come and discover the warmth and beauty of this Oakland treasure!

Newest Ivy Wood Ext. Homes with Paved Lot Descriiption

$850,000

41144574 MLS

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.

9833 Walnut St, Oakland

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