6624-28 Telegraph AveOakland, CA 94609

Property Details for 6624-28 Telegraph Ave

Year built

1949

Lot size

0.14 AC

Property size (Sq ft)

6,380 SF

Property type

Hospitality properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property, located at 6624-28 Telegraph Avenue in Oakland, California, presents a compelling investment opportunity for owner-users and investors alike. The 6,380 square foot building boasts a strong 5.60% capitalization rate and a net operating income (NOI) of $92,400. Built in 1949, this two-story structure sits on a 0.14-acre lot (APN 16-1421-18) and is zoned CN-2. The property comprises four units: one commercial/retail space (approximately 2,205 square feet) with office space, a storage warehouse with a roll-up door (approximately 2,025 square feet), and two upstairs apartments totaling approximately 2,150 square feet. The asking price is $1,650,000, translating to a price per square foot of $258.62. The residential units are currently on month-to-month leases. Additionally, approximately nine additional parking spaces may be available for lease from a separate owner. This prime location is approximately 1.2 miles from UC Berkeley and is conveniently close to BART, benefiting from high daytime foot traffic and proximity to the well-known Smokehouse. Buyer to verify all square footages.

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8526

Longitude

-122.26

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