6315 Telegraph Avenue, Oakland
Oakland Home Sale
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).
Property Details
Additional Information
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- City:
- Oakland
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- County:
- Alameda
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- Zip:
- 94609
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- MLS® #:
- 24397821
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- Bedrooms:
- 7
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- Bathrooms:
- 5
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- Square Ft:
- 10,422
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- Lot Size:
- 0.16
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- Levels:
- Multi/Split
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- HOA Dues:
- $
Price Change History for 6315 Telegraph Avenue, Oakland, (MLS® #24397821)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Active Under Contract (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of August 5th, 2024 at 7:20pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.