Creative Space with Private
2421 Telegraph Ave unit 104, Oakland, CA 94612
For Sale
New
$399,000
A kitchenette and bathroom complement the flexible interior, with potential for studio, office, salon, wellness, gallery, or retail use.
Property Size1,397 SF
Price / SF$285.61
Days on Market4
Property Features for 2421 Telegraph Ave unit 104
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
First Class Realty & Mtg
Listed By:
Passion Chambers
(510) 318-1241
Source:
Coastandcore
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Class Realty & Mtg
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Investment Insights
Based on property information with market context.
This 1,397-square-foot commercial condominium, built in 2004, has an open area at the entrance, three private rooms, a kitchenette, and a bathroom. The layout is suited to a range of creative and service-oriented uses, including office, salon, wellness, studio, gallery, or retail. Buyers should confirm permitted uses and zoning with the City of Oakland.
The property is in Oakland’s First Fridays Art Murmur corridor, with a Walk Score of 98. Nearby destinations include 19th Street BART, the Paramount and Fox theaters, and Highways 980, 24, 580, and 880.
The property is in Oakland’s First Fridays Art Murmur corridor, with a Walk Score of 98. Nearby destinations include 19th Street BART, the Paramount and Fox theaters, and Highways 980, 24, 580, and 880.
Key Highlights
- 1,397 SF commercial condominium, built in 2004
- Open entry area, three private rooms, kitchenette, and bathroom
- Located in Oakland’s First Fridays Art Murmur corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,729
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,580
$374.6K
Cap Rate 7%
$267,557
$267.6K
Cap Rate 9%
$208,100
$208.1K
Market Conditions
NOI Build-Up for 1,397 SF
Gross rent
$32.9K $23.52/SF
− Vacancy
−$7.9K −$5.64/SF
EGI
$25.0K $17.88/SF
− OpEx
−$6.2K −$4.47/SF
NOI
$18.7K $13.41/SF
Area
Oakland, CA
Vacancy
24.00%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,580
Cap Rate 7%
$267,557
Cap Rate 9%
$208,100
Alternative Uses
Best Use
Office B
$267.6K
$234.1K – $312.2K
NOI $18,729 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$457.4K
$400.2K – $533.6K
NOI $32,016 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8,263
Businesses Nearby
Explore this area
Business Placement
Demographics for 94612, CA
19,773
Population
11,928
Households
1.7
Avg Household Size
38
Median Age
54%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
19,773
Density / Sq Mi
$77,069
Median Household Income
$70,221
Median Earnings
$1,936
Median Rent
$814,000
Median Home Value
Market
Properties on Market for Creative space in Alameda County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - A kitchenette and bathroom complement the flexible interior, with potential for studio, office, salon, wellness, gallery, or retail use.
Where is this creative space located?
The property is located at 2421 Telegraph Ave unit 104 Oakland, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,397 SF commercial condominium, built in 2004; Open entry area, three private rooms, kitchenette, and bathroom; Located in Oakland’s First Fridays Art Murmur corridor
