MarketPier

5418 Telegraph Ave - Oakland, CA 94609

$1,550,000
Listing Description

This commercial five-unit, multifamily property located in the heart of the Temescal neighborhood is now available after 17 years of ownership. This is one of the premier Oakland neighborhoods that hosts various restaurants and local retail with an upbeat streetscape. The property is comprised of two buildings situated in a large 7,500 SF parcel. Building 1, adjacent to Telegraph Avenue, has four 1/bd/1ba units with two units on the ground level and two units on the second level. Building 2 in the rear was completely renovated in 2014 with two levels and a separate side yard area. The second level houses a 2bd/1ba unit. The ground level unit consists of three rooms and a half bath and garage with a 7’-0” clear ceiling height that can potentially be converted and legalized into a studio or one-bedroom unit with City of Oakland.

Listing Information
MLS Number
40892248
APN/Parcel ID
14122523
Type
Multifamily
Sub Type
Multifamily
Lot Size
7,500 sqft
No Units
5
Price / Unit
$310,000
Gross Scheduled Income
$108,828
Net Income
$77,235
Cap Rate
5.00%
Listing Date
1/14/2020
Days Active
2
Last Updated
1/16/2020
Listing Provided By
STEPHANIE CHRISTMAS
KELLER WILLIAMS REALTY
BRE# 01308253

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