Mixed-Use Apartment and
2821 Telegraph Avenue Oakland, CA 94609
For Sale
$3,100,000
Two buildings offering seven apartment units and two retail stores along a high-traffic North Oakland corridor.
Property Size7,436 SF
Price / SF$416.89
Days on Market180
Property Features for 2821 Telegraph Avenue
General Information
Standard status
Active
Size
7,436 SF
Property subtype
Multi Family
Building Details
Year Built
1908
Listing Agency:
Legacy Real Estate & Associates
(408) 712-2455
Listed By:
Steve Ahn · License #01844103
(408) 712-2455
Source:
Exitrealty
Added: Jan 28
Changed: Jul 23
Last Checked: Jul 23 at 3:02PM
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 Legacy Real Estate & Associates
Investment Insights
Based on property information with market context.
This mixed-use property consists of two buildings containing seven residential apartment units and two retail stores. The configuration supports combined rental income opportunities across both residential and street-level retail space.
The buildings are positioned along a high-traffic corridor in North Oakland, with access to public transit. The location is also described as being close to UC Berkeley and major commuter routes, supporting practical convenience for residents and retail customers.
Offered for sale as an income-oriented asset, the property’s current setup includes both multifamily and retail components within the same two-building footprint.
The buildings are positioned along a high-traffic corridor in North Oakland, with access to public transit. The location is also described as being close to UC Berkeley and major commuter routes, supporting practical convenience for residents and retail customers.
Offered for sale as an income-oriented asset, the property’s current setup includes both multifamily and retail components within the same two-building footprint.
Key Highlights
- Year built 1908
- Two‑building property at 2821 Telegraph Ave in Oakland, CA
- Seven residential apartment units across two buildings
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.9k | $40.20 |
| − Vacancy | −$13.5k | −$1.81 |
| EGI | $285.5k | $38.39 |
| − OpEx | −$128.5k | −$17.28 |
| NOI | $157.0k | $21.12 |
7,436 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.24M
$1.96M – $2.62M
NOI $157,012 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$2.06M
$1.80M – $2.40M
NOI $144,178 @ 7.0% cap · market cap 4.65%
Theoretical Best
Multifamily LT 5
$2.43M
$2.13M – $2.84M
NOI $170,416 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings offering seven apartment units and two retail stores along a high-traffic North Oakland corridor.
Where is this apartment building located?
The property is located at 2821 Telegraph Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Year built 1908; Two‑building property at 2821 Telegraph Ave in Oakland, CA; Seven residential apartment units across two buildings
