2874-2882 Telegraph ave - Multi-Family FOR SALE


Oakland, CA 94609
$1,695,000 USD
650-770-8356
2874-2882 Telegraph ave, Oakland, CA for Sale
$1,695,000 USD
Multi-Family - FOR SALE
1/17
null | 6.75% Cap Rate

2874-2882 Telegraph ave
Oakland, CA 94609


HIGHLIGHTS

  • Three commercial storefronts, one currently vacant
  • With a total of (9) residential units, with one currently vacant
  • Potential to build two ADU in the back parking lot area.

OVERVIEW

2874-2882 Telegraph Ave is an exceptional investment opportunity in the heart of Oakland! This vibrant, 12-unit mixed-use complex is located near Downtown Oakland, offering a great location for both investors and tenants alike. This property features a versatile unit mix of eight 1-bedroom, 1-bath, one 1-bedroom loft apartments and three commercial storefronts. With approximately 9,484 square feet of living space on a 0.14-acre lot, the complex provides an attractive blend of apartment units and commercial storefronts, offering substantial rental income potential for investors. What truly sets this property apart is its location and potential to add additional dwelling units (ADU). Its proximity to Downtown Oakland makes it an ideal housing option for locals and people who commute to San Francisco, ensuring consistent high demand and low vacancy rates. The surrounding area offers even more appeal located less than a mile from Downtown Oakland and with easy access to Highways 980, 880, and 580, and a quick drive away from world-renowned Fox Theatre, Lake Merrit, Jack London Square, and Alameda.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

12

PRICE/UNIT

$141,250

CAP RATE

6.75%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CC-2 , S-13

APN/PARCEL ID

009-688-18

ASK ABOUT THIS PROPERTY

Tony ZizzoCompass CommercialMore Info
650-770-8356

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Tony ZizzoCompass CommercialMore Info
650-770-8356

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.