For Sale
$1,650,000

6624-28 Telegraph Ave Oakland, CA 94609

Oakland multifamily & retail opportunity. High cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use property, located at 6624-28 Telegraph Avenue in Oakland, California, presents a compelling investment opportunity for owner-users and investors alike. The 6,380 square foot building boasts a strong 5.60% capitalization rate and a net operating income (NOI) of $92,400. Built in 1949, this two-story structure sits on a 0.14-acre lot (APN 16-1421-18) and is zoned CN-2. The property comprises four units: one commercial/retail space (approximately 2,205 square feet) with office space, a storage warehouse with a roll-up door (approximately 2,025 square feet), and two upstairs apartments totaling approximately 2,150 square feet. The asking price is $1,650,000, translating to a price per square foot of $258.62. The residential units are currently on month-to-month leases. Additionally, approximately nine additional parking spaces may be available for lease from a separate owner. This prime location is approximately 1.2 miles from UC Berkeley and is conveniently close to BART, benefiting from high daytime foot traffic and proximity to the well-known Smokehouse. Buyer to verify all square footages.

Highlights

  • Excellent location on Telegraph Avenue, approximately 1.2 miles from UC Berkeley.
  • Warehouse space available for storage.
  • Half-block from the renowned Smokehouse restaurant.
  • Convenient proximity to BART public transportation.
  • High daytime pedestrian traffic.

Property Details for 6624-28 Telegraph Ave

Property type
Retail properties, Mixed-use properties
Square Feet
6,380 SF
Year Built
1949
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
4

Location Insight

City
Oakland
County
Alameda
State
California
Latitude
37.8526233
Longitude
-122.2599024

FAQs

What type of property is this?
Retail property - Oakland multifamily & retail opportunity. High cap rate.
Where is the retail property located?
The property is located at 6624-28 Telegraph Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Excellent location on Telegraph Avenue, approximately 1.2 miles from UC Berkeley.; Warehouse space available for storage.; Half-block from the renowned Smokehouse restaurant.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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6624-28 Telegraph Ave
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