5-Units | Oakland

Investment Overview

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.

Investment Highlights

• Exceptional In-Place Cash Flow: Generates nearly $105,000 in annual gross income, providing investors with strong day-one cash flow and immediate returns.
• Compelling Pricing: Offered at just over an 8.0 GRM, over a 7.0% cap rate, approximately $220 per square foot, and $170,000 per unit—representing one of the strongest value propositions in today's multifamily market.
• Desirable Unit Mix: Features an excellent mix of (3) one-bedroom/one-bath units, (2) two-bedroom/one-bath units, and (1) three-bedroom/two-bath unit, appealing to a wide range of renters and supporting long-term occupancy.
• Significant Value-Add Opportunity: Current rents remain substantially below market, offering approximately 30% rental upside and the potential to increase Net Operating Income by nearly 50% as units turn over.
• Major Capital Improvements Completed: The mandatory earthquake retrofit has already been completed, allowing a new owner to avoid a significant future capital expense.
• Tenant-Focused Amenities: Covered parking and on-site coin-operated laundry enhance tenant convenience while creating additional income streams for ownership.
• Recent Property Improvements: A new perimeter fence has been installed, improving both curb appeal and security.
• Ideal for Cash Flow Investors: An outstanding opportunity for investors seeking a high-yield, stabilized multifamily asset with immediate cash flow today and substantial upside through future rent growth.