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Listed by Willem Bos • COMPASS
$4,750,000
Est. payment /mo
21,672 SqFt
New
498 25th ST Oakland, CA 94612
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 21,672 sqft
Price per Sqft $219
MLS Listing ID EB41121243
Year Built 1913
Lot Size 4,655 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
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
Area Oakland Zip Code 94612
Interior
Cooling Other
Flooring Carpet - Wall to Wall, Wood
Exterior
Exterior Feature Brick
Parking Features No Parking
Roof Type Other
Building
Lot Description Other
Water Other
Others
Tax ID 009-068-3018
Special Listing Condition New, Not Applicable
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