6315 Telegraph Avenue, Oakland, CA 94609
Property
Sold July 2024
Listing Agent: Jake Glaser (DRE #02128816) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Spencer Chan · Lyon Stahl Investment Real Estate, Inc. · MLS #24397821 · Source: CRMLS
About this property
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).
Listing description from the July 2024 sale, as reported to CRMLS.
Sale history