Homes for sale - 498 25th ST, Oakland, CA 94612

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Willem Bos • COMPASS

$4,750,000

Est. payment - /mo

21,672 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 21,672 sqft

Price per Sqft $219

MLS Listing ID EB41121243

Year Built 1913

Lot Size 4,655 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

Priced to move with a motivated seller. Rare opportunity to acquire a well-maintained 28-unit mixed-use property in Oakland's highly desirable Uptown neighborhood. Located at 498 25th Street, this freestanding four-story building blends classic character with extensive modern upgrades, offering strong in-place income and long-term durability. The property consists of 25 residential units, 3 retail suites, and additional income from a rooftop billboard under a long-term lease. Tenants enjoy on-site laundry and a secured private entrance, adding to tenant retention and stability. Significant capital improvements have already been completed, making this a true turnkey investment. Upgrades include a new 800-amp main electrical service with all new subpanels, new plumbing throughout, a recently updated roof, and extensive seismic retrofitting. The building has been fully removed from Oakland's soft-story list and features a fully concrete exterior foundation, minimizing future capital needs. With stable retail tenants on new five-year leases, strong cash flow, and upside through rental increases, this asset offers immediate performance and long-term growth. Currently priced to deliver a 7.5% cap rate with an 8.3 GRM, along with over 20% upside potential, this is a rare opportunity

Location

State CA

County Alameda

Area Oakland Zip Code 94612

Interior

Cooling Other

Flooring Carpet - Wall to Wall, Wood

Exterior

Exterior Feature Brick

Parking Features No Parking

Roof Type Other

Building

Lot Description Other

Water Other

Others

Tax ID 009-068-3018

Special Listing Condition New, Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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498 25th ST Oakland, CA 94612

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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