6624-28 Telegraph Ave Oakland, CA 94609
- Retail properties
- 6,380 SF
- 0.14 lot acres
Current Use by Public Records
- Retail properties
Property Details for 6624-28 Telegraph Ave
- Year built
- 1949
- Lot size
- 0.14 lot acres
- Property size
- 6,380 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.26
- Latitude
- 37.8526
