6315 Telegraph Avenue Oakland, CA 94609

Cluster Residence

20 Beds

16 Baths

... Bed/Bath

10,422 Sq. Ft.

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Last updated on 10/5/2024 8:35 AM

Listing Details

6315 Telegraph Ave, a fantastic 15-unit mixed-use investment property located in North Oakland, CA. This is the first time this beautifully maintained, Berkeley adjacent, income property is being introduced to the market. It features a fantastic mix of (8) 1-bed 1-bath units, (4) 2-bed 1-bath units..., (1) 4-bed 2-bath master unit, and (2) ground-floor retail spaces currently occupied by a reputable acupuncturist and a popular hair braiding salon (noted as Type Unit4). This building covers a generous 10,422 square feet of living space on a 7,013 square foot lot. The building features 2 current vacancies including the spacious 4-bed 2-bath master unit on the ground floor and one of the 1-bed 1-bath units. Offered at an aggressive 6.13% Cap Rate and a 10.22 GRM, this opportunity won't last long. Additionally, 6315 Telegraph Ave is secured with electronic gating. It boasts 11 dedicated parking spaces along with one maintenance room and two dedicated storage rooms for tenant use, which can be rented out for additional income. The building has been freshly painted and meticulously maintained under the current management. Recent upgrades include a new roof, LED lighting, remodeled units, the installation of a new sump pump in the garage, enhancements to the sewer lateral systems, and the preparation of structural engineering plans for necessary dry-rot repairs on the cantilevered sections of the second and third-floor rear balconies work to be completed by the new owner (confirmation required). Continue reading

MLS#

24397821

Property Type

Cluster

Bedrooms

Bathrooms

Year Built

1966

Square Feet

10,422 sq. ft

Lot Size

0.16