Oakland, CA 94612,498 25th Street
Oakland, CA 94612,498 25th Street
Oakland, CA 94612,498 25th Street
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Listed by Willem Bos • COMPASS
$4,750,000
Est. payment /mo
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21,672 SqFt
New

498 25th Street Oakland, CA 94612

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Max Manatt

Max Manatt

+1(925) 980-3375

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Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 21,672 sqft

Price per Sqft $219

Subdivision Alameda County

MLS Listing ID 41121243

HOA Y/N No

Year Built 1913

Lot Size 4,655 Sqft

Property Sub-Type 5 or More Units

Source Bridge AOR

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 Other

Cooling Other

Flooring Carpet, Wood

Fireplace No

Building

Lot Description Other

Others

Special Listing Condition Standard

Bay East Association of Realtors
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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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