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    98Th Ave Oakland, CA 94603

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    For Sale
    $1,899,997

    Turnkey mixed-use property with retail and residential units.

    Property size:
    6,075 SF
    Lot size:
    0.19 Acres

    Property Features for 98Th Ave

    General Information

    Standard status
    Active
    Size
    6,075 SF
    Lot size
    0.19 Acres

    Building Details

    Year built
    2021

    Source: YELLOWSTONE INVESTMENTS Agent ADAM DAHDOUH

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Mixed-Use Property in Oakland

    This mixed-use property in Oakland features a retail space and five residential units across two buildings. The property has undergone extensive renovations, with over $2.2 million invested. One building, a duplex originally constructed in 1950, was fully remodeled in 2019 and contains two one-bedroom, one-bath units, each with its own water meter. The second building, initially built in 1905 and completely rebuilt in 2021, includes a ground-floor retail space, a designated storage area, one two-bedroom unit, and two three-bedroom units. All units are equipped with washer/dryer sets, tankless water heaters, and furnaces designed to accommodate future A/C condensers. The corner building operates on a single water meter, with tenants paying 80% of the total bill and the owner covering the remaining 20%. There are seven parking spaces on-site, including three garage spots. The property size is 6075 square feet. The current CAP Rate is 7.87%.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.198214
    Latitude
    37.726309

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey mixed-use property with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 98Th Ave Oakland, CA.
    What is the asking price?
    The asking price for this property is $1,899,997.
    What are key features of this property?
    This property features: - Fully renovated mixed-use property with minimal deferred maintenance thanks to over $2.2 million in renovations.; - High current CAP Rate: 7.87%.; - Turnkey property featuring one retail space and five residential units (one 2-bedroom, two 3-bedroom, and two 1-bedroom units).
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    98Th Ave Oakland, CA 94603
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    Oakland, CA 94603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    98Th Ave Oakland, CA 94603
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