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$ 4,750,000
Est. payment | /mo
4,656 Sqft Lot
$ 4,750,000
Est. payment | /mo
4,656 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Alameda County
MLS Listing ID 41121243
HOA Y/N No
Year Built 1913
Lot Size 4,656 Sqft
Property Description
Priced to move with a motivated seller. Rare opportunity to acquire a well-maintained 28-unit mixed-use property in Oakland's highly desirable Uptown neighborhood. Located at 498 25th Street, this freestanding four-story building blends classic character with extensive modern upgrades, offering strong in-place income and long-term durability. The property consists of 25 residential units, 3 retail suites, and additional income from a rooftop billboard under a long-term lease. Tenants enjoy on-site laundry and a secured private entrance, adding to tenant retention and stability. Significant capital improvements have already been completed, making this a true turnkey investment. Upgrades include a new 800-amp main electrical service with all new subpanels, new plumbing throughout, a recently updated roof, and extensive seismic retrofitting. The building has been fully removed from Oakland's soft-story list and features a fully concrete exterior foundation, minimizing future capital needs. With stable retail tenants on new five-year leases, strong cash flow, and upside through rental increases, this asset offers immediate performance and long-term growth. Currently priced to deliver a 7.5% cap rate with an 8.3 GRM, along with over 20% upside potential, this is a rare opportunity
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Building
Water Other
Others
Tax ID 0090683018
Listed by Willem Bos COMPASS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "