9639 International BlvdOakland, CA 94603

  • Investment properties
  • 2,620 SF
For Sale
$1,100,000 View listing

Property Details for 9639 International Blvd

Year built
1910
Construction
WOOD
Lot size
0.06 AC
Property size (Sq ft)
2,620 SF
Property type
Investment properties
Property subtype
Live-work space
APN
44-4969-9
APU
4449699

Description

This exceptional investment opportunity presents a thriving mixed-use property located at 9639 International Blvd, Oakland, CA 94603. The 2,630 square foot building, constructed in 1910, sits on a 2,500 square foot lot and includes a successful, established deli operating for 35 years, boasting stellar customer reviews. The property also features multifamily residential components. The asking price is $1,100,000, representing a current cap rate of 4.56% and a pro-forma cap rate of 6.41%, indicating significant upside potential. Recent improvements include a new sewer lateral, updated electrical wiring and panels, double-pane vinyl windows for enhanced insulation, tankless water heaters, sub-floor and flooring enhancements, and a new parking and side fence. The property offers convenient access to major freeways (580 and 880) and ample parking with a 3-car space in the rear. The location benefits from a strong retail presence in the immediate vicinity, including a fire department. This is a rare chance to acquire a cash-flowing asset with both immediate income and long-term growth prospects in a desirable Oakland location. The property's blend of established business and residential components makes it an attractive investment for owner-users seeking a combination of income and operational control.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,378,510
    6.5%
    $1,272,470
    7%
    $1,181,580
  • Comparable approach

    Method
    Valuation
    Relative Method
    $882,676
    Geo Method
    $745,359
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,485,980
    Retail / Commercial
    $1,276,040
    Hospitality / Lodging
    $934,844
    Office
    $1,265,930
    Institutional / Educational
    $1,323,200
    Residential Income
    $1,548,150
    Multifamily
    $1,851,340
    Automotive / Energy
    $1,134,170
    Parking / Income-Based Land
    $390,423
    Restaurant / Food Service
    $663,909
    Healthcare / Senior Housing
    $1,303,890

Location Insight

City
Oakland
County
Alameda
State
California
Latitude
37.745
Longitude
-122.171
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,751
$150,000
$425,000
$575,000
-
-
-
-

FAQs

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