498 25th St - Apartments FOR SALE


Oakland, CA 94612- Uptown Oakland
$4,850,000 USD
510-422-4201
498 25th St, Oakland, CA for Sale
$4,850,000 USD
Apartments - FOR SALE
1/72
null | 7.06% Cap Rate

498 25th St
Oakland, CA 94612
Uptown Oakland


HIGHLIGHTS

  • Don’t miss the chance to own a piece of Oakland’s history while securing a high-performing income property.
  • Relish in the sought-after resident amenities of architectural charm, on-site laundry facilities, private entry, and on-site retail.
  • 498 25th Street is a 28-unit mixed-use asset with a NNN opportunity for the ground-floor retail units and built-in billboard income.
  • Major capital expenditure improvements of 800-amp electrical service, powerful security and safety systems, and updated plumbing.

OVERVIEW

Make a deal with a highly motivated seller who has recently reduced the price by $ 100,000. Bos Group is proud to present a rare opportunity to own a well-maintained 28-unit mixed-use property in Oakland's thriving Uptown neighborhood. Located at 498 25th Street, this freestanding four-story building was originally built in 1913 and effortlessly blends timeless architectural charm with modern upgrades, offering both strong income potential and an exceptional living experience. Tenants also enjoy the ease of on-site laundry facilities and a secure private entrance, enhancing comfort and peace of mind. This well-maintained apartment complex offers a diverse mix of 10 studios, eight one-bedroom units, seven two-bedroom units, and three retail spaces. The rooftop billboard provides an additional source of monthly income for the new owner to capitalize on. The current owner has made significant investments in modernizing the property, including an 800-amp electrical service with upgraded switchgear and wiring, modernized gas distribution, and copper plumbing. Robust security and safety systems have also been added. All units are sub-metered for gas and electricity, reducing operating costs and boosting Net Operating Income (NOI). Discover a diligently maintained property presenting a rare chance to acquire a high-performing asset in one of Oakland’s most iconic neighborhoods. With a diverse unit mix, modern amenities, and strong income potential, this is an investment opportunity not to be missed.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

25

PRICE/UNIT

$194,000

CAP RATE

7.06%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,657 SF

ZONING

CG-3

APN/PARCEL ID

009-0683-018-00

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
510-422-4201

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Willem BosCompass CommercialMore Info
510-422-4201

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