6315 Telegraph Ave

A fantastic 15-unit mixed-use investment property located in North Oakland, CA. This is the first time this beautifully maintained, Berkeley adjacent, income property is being introduced to the market. It features a fantastic mix of (8) 1-bed 1-bath units, (4) 2-bed 1-bath units, (1) 4-bed 2-bath master unit and (2) ground-floor retail spaces currently occupied by a reputable acupuncturist and a popular hair braiding salon (noted as Type Unit4). This building covers a generous 10, 422 square feet of living space on a 7, 013 square foot lot. The building features 2 current vacancies including the sizeable 4-bed 2-bath master unit on the ground floor and one of the 1-bed 1-bath units.

Offered at an aggressive 6.13% Cap Rate and a 10.22 GRM, this opportunity won't last long. Additionally, 6315 Telegraph Ave is secured with electronic gating. It boasts 11 dedicated parking spaces along with one maintenance room and two dedicated storage rooms for tenant use, which can be rented out for additional income. The building has been freshly painted and meticulously maintained under the current management. R ecent upgrades include a new roof, LED lighting, remodeled units, the installation of a new sump pump in the garage, enhancements to the sewer lateral systems and the preparation of structural engineering plans for necessary dry-rot repairs on the cantilevered sections of the second and third-floor rear balcnies work to be completed by the new owner (confirmation required).

Request Information
on 6315 Telegraph Ave
in Oakland, CA
Presented by Jake Glaser at
Lyon Stahl Investment Re, Inc.


Property MLS #24-397821 from TheMLSCLAW

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+ Bedrooms

Bedrooms: 20

+ Bathrooms

Total Bathrooms: 16
Full Bathrooms: 16

+ Appliances

Laundry Facilities: In Unit, Laundry Area
Laundry Features: In Unit, Laundry Area

+ Heating and Cooling

Cooling Features: Ceiling Fan, Wall Unit(s)
Heating Features: Central, Wall, Natural Gas

+ Land Info

Lot Size Acres: 0.1609963
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7013

+ Garage and Parking

Garage Description: Assigned, Controlled Entrance
Parking Total: 11

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 1
Number of Units: 15
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 14400, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 10400, 3 BedsTotal: 4, 3 BathsTotal: 2, 3 SquareFeet: 4950, 4 BathsTotal: 1, 4 SquareFeet: 3588

+ Rental Info

Tenant Pays: Electric

+ Other Property Info

Balcony
Source Listing Status: Active Under Contract
County: Alameda
Cap Rate: 6.13
Directions: Along Telegraph Ave, North of 63rd St, South of Alcatraz Ave
Source Property Type: Residential Income
Area: Berkeley
Source Neighborhood: Berkeley
Owner Pays: Water, Electricity
Parcel Number: 015-1379-029
Zoning: CN-2
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-05-30
$3,250,000
TheMLSCLAW

+ Commercial Info

Net Operating Income: 199189

+ Building and Construction

Total Square Feet Living: 10422
Year Built: 1966
Entry Location: Main Level
Levels: Multi Levels
Living Area Source: Title Company
Property Age: 58
Property Condition: Updated/Remodeled
Levels or Stories: 3
Building Total Stories: 3
Year Built Source: Builder

+ Home Features

Other Equipment: Microwave, Dishwasher, Dryer, Washer, Garbage Disposal, Range/Oven, Freezer, Refrigerator
Security Features: Automatic Gate

+ Display Complete School Details

Peralta Elementary School is a public elementary school located approximately 0.1 miles away.
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Claremont Middle School is a public middle school located approximately 0.6 miles away.
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Escuela Bilinge Internacional is a private elementary and middle school located approximately 0.3 miles away.
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Oakland International High School is a public high school located approximately 1.1 miles away.
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