1710 Franklin StOakland, CA 94612

Property Details for 1710 Franklin St

Year built

1928

Construction

TILT-UP CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

8,512 SF

Property type

Office properties

Property subtype

Office buildings

APN

8-624-11

APU

862411

Description

This exceptional 8,526-square-foot executive office building, located at 1710 Franklin Street in Oakland, California, presents a unique investment opportunity. Built in 1928, this Class B property boasts a desirable location in the heart of Oakland's Central Business District (CBD), zoned CBD-P. The building offers a versatile layout, currently configured with ground floor space ideal for medical, dental, or retail uses, and upper floors suited for boutique office spaces. The entire building can be delivered vacant, providing flexibility for the new owner. Security features include a secured gated entry. Adding to its appeal, the property offers convenient access to secured parking in a nearby garage across the street, and is just two blocks from the 19th Street BART station, ensuring excellent public transportation access. The 0.08-acre lot (APN 008-06240-1100) provides ample space for the building and potential future development. The asking price for this owner-user investment opportunity is $3,400,000. This property represents a compelling chance to acquire a well-situated, adaptable office building in a thriving Oakland neighborhood. The net rentable square footage is 8,526 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $3,124,383

  6.5%

  $2,884,046

  7%

  $2,678,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,851,026

  Geo Method

  $2,374,082

• Alternative Use

  Use

  Valuation

  Residential

  $3,576,217

  Hospitality

  $3,275,796

  Educational

  $2,725,423

  Medical

  $2,819,155

  Retail

  $4,239,548

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8063

Longitude

-122.268

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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