635 E 15th St Immeuble residentiel 9 lots 1 171 260 € (130 140 €/Lot) Oakland, CA 94606

Catalyst Commercial Partners is pleased to present this well-maintained 9-unit multifamily property, built in 1957 and offering 5,875 square feet of rentable space. Priced at $1,350,000, the asset equates to $150,000 per unit and $230 per square foot—an attractive value for a stabilized investment with upside potential.
The property has undergone significant capital improvements, including a full electrical system upgrade with all panels replaced as of May 24, ensuring modern load capacity and code compliance. Additionally, all garage doors were replaced on April 23, enhancing functionality and curb appeal. The roof, estimated to be 8–10 years old, remains in good condition with a strong remaining useful life.
Please contact Rachna Gandhi at (650) 339-6818 or rachna.gandhi@corcoranicon.com
Amenities include updated lighting throughout and an onsite coin-operated laundry room equipped with two washers and two dryers. With long-term tenants and minimal annual repair needs, the property benefits from consistent upkeep and no deferred maintenance.
There's also an opportunity to implement a RUBS (Ratio Utility Billing System), allowing a new owner to bill tenants for water, sewer, and garbage, which could improve net operating income.
This is an ideal opportunity for an investor seeking stable cash flow, low maintenance, and value-add potential in utility cost recovery.