6601-6613 Telegraph Ave
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6601-6613 Telegraph Ave
9,904 SF 100% Leased Retail Building Oakland, CA 94609 $2,000,000 ($202/SF) 7.22% Cap Rate
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,904 SF
Building Class
C
Year Built
1915
Price
$2,000,000
Price Per SF
$202
Cap Rate
7.22%
NOI
$144,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.24
Land Acres
0.18 AC
Zoning
C-10, Oakland - Commercial
Parking
5 Spaces (0.3 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 016-1422-005-00 | Improvements Assessment | $790,423 |
Land Assessment | $397,546 | Total Assessment | $1,187,969 |
PROPERTY TAXES
Parcel Number
016-1422-005-00
Land Assessment
$397,546
Improvements Assessment
$790,423
Total Assessment
$1,187,969
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6601-6613 Telegraph Ave
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