$2,000,000
6605 Telegraph Ave Oakland, CA 94609
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$2,000,000
Est. payment /mo
8,001 Sqft Lot
Price Dropped by $800K
6605 Telegraph Ave Oakland, CA 94609
UPDATED:
11/05/2024 01:23 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision North Oakland
MLS Listing ID 41075442
HOA Y/N No
Year Built 1962
Annual Tax Amount $21,018
Lot Size 8,001 Sqft
Property Description
6605 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 returns.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Metal
Total Parking Spaces 3
Building
Lot Description Street Level
Others
Tax ID 0161422005
Listed by Keith K. Nguyen • Homemax