6601-6613 Telegraph Ave - Storefront Retail/Residential FOR SALE


Oakland, CA 94609
$2,000,000 USD
510-501-8517
6601-6613 Telegraph Ave, Oakland, CA for Sale
$2,000,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 7.22% Cap Rate

6601-6613 Telegraph Ave
Oakland, CA 94609


OVERVIEW

6601 - 6613 Telegraph Ave is a mixed-use investment property located in North Oakland, in close proximity to UC Berkeley, offering convenient access to numerous attractions, public transportation, and high-traffic areas. This property consists of two separate structures on one lot: a main building consists of 11 units, while a smaller building with two units, providing a total combine of 13 units (5 commercial, 7 residential, and 1 mixed-use). The residential units are situated on the upper levels, while the commercial spaces occupy the lower levels. The property is currently home to most long-term tenants who consistently pay on time, though many of the units are currently rented below market rate. This presents a significant potential upside for investors looking to raise rents to market level and maximize their return on investment.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

7.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,015 SF

ZONING

C-10, Oakland

APN/PARCEL ID

016-1422-005-00

ASK ABOUT THIS PROPERTY

Keith NguyenHomeMaxMore Info
510-501-8517

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Keith NguyenHomeMaxMore Info
510-501-8517

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