3227-3231 Telegraph Ave - Apartments FOR SALE


Oakland, CA 94609- Pill Hill
$1,620,000 USD
408-314-7823
3227-3231 Telegraph Ave, Oakland, CA for Sale
$1,620,000 USD
Apartments - FOR SALE
1/52
null | 4.44% Cap Rate

3227-3231 Telegraph Ave
Oakland, CA 94609
Pill Hill


HIGHLIGHTS

  • 1 mile drive to a BART Station
  • 10 miles to Oakland Airport
  • Hwy 24 & 580
  • Fully Retrofitted & High-Income Yield
  • The current rents are about 25% lower than nominal in Oakland

OVERVIEW

Premier Temescal Mixed-Use Asset | Fully Retrofitted & High-Income Yield 3231 Telegraph Ave, Oakland, CA 94609 Price Upon Request | 5,392 SF | 7 BR / 6 BA Configuration * The Opportunity Secure a turnkey, income-generating cornerstone asset in the heart of Oakland’s vibrant Temescal/Mosswood commercial corridor. This versatile two and a half-story property perfectly balances immediate passive cash flow with long-term capital appreciation. Ideal for savvy investors, commercial owner-users, or medical/wellness operators looking to establish a premier East Bay footprint. The current rents are about 25% lower than nominal in Oakland. * Investment Highlights • Immediate Revenue Flow: Robust gross rental income of $120,000 annually, providing a reliable and stable yield from day one. • 100% Compliant & De-Risked: Soft-story seismic retrofit is fully completed and certified by the City of Oakland in 2025. Zero upcoming Tier 3 capital mandate liabilities. • Lender Ready: Compliance unlocks traditional, competitive commercial financing—bypassing cash-only restrictions facing un-retrofitted assets. • A+ Transit-Oriented Location: Positioned minutes from the MacArthur BART Station, the major Highway 24/580 interchange, and the bustling Kaiser Permanente Medical Center. • Historic Charm, Modern Function: Built in 1906, this 5,392 SF structure blends timeless architectural character (Historic Rating: B-) with high-utility commercial partitioning on a 4,000 SF lot. * Flexible Execution Strategies 1. The Investor Play: Keep the active health/wellness tenant configuration in place and enjoy streamlined management in a high-demand, low-vacancy submarket. 2. The Owner-User Play: Occupy a portion of the building for your own medical, legal, or professional office while utilizing supplementary rental income to heavily offset your mortgage. 3. The Residential Value-Add Play: Leverage the property's underlying 7-bedroom, 6-bathroom core skeleton to maximize residential rental rates in a highly walkable, amenity-dense neighborhood. Don't miss this risk-mitigated asset in Oakland's most resilient retail corridor. Contact us today to receive the complete offering memorandum, verified income statements, and the City of Oakland retrofit compliance documentation. Don't miss this risk-mitigated asset in Oakland's most resilient retail corridor. Contact us today to receive the complete offering memorandum, verified income statements, and the City of Oakland retrofit compliance documentation.

FOR SALE DETAILS

PRICE

$1,620,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

6

PRICE/UNIT

$270,000

CAP RATE

4.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C-40, Oakland

APN/PARCEL ID

009-0716-002-00

ASK ABOUT THIS PROPERTY

Edward KangHappy RealtyMore Info
408-314-7823

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Edward KangHappy RealtyMore Info
408-314-7823

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.