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Listed by Keith K. Nguyen • Homemax
$ 2,000,000
Est. payment | /mo
9,904 SqFt
$ 2,000,000
Est. payment | /mo
9,904 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,904 sqft
Price per Sqft $201
Subdivision North Oakland
MLS Listing ID 41075442
HOA Y/N No
Originating Board Bridge AOR
Year Built 1962
Lot Size 8,004 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 Other
Cooling None
Flooring Hardwood, Laminate, Linoleum, Tile, Carpet, Engineered Wood
Fireplace No
Appliance Refrigerator, Gas Water Heater
Laundry Washer/Dryer Hookups
Building
Lot Description Level
Water Public
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