Oakland, CA 94612,498 25th Street
Oakland, CA 94612,498 25th Street
Oakland, CA 94612,498 25th Street
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$4,750,000
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4,656 Sqft Lot
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498 25th Street Oakland, CA 94612

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Alameda County

MLS Listing ID 41121243

HOA Y/N No

Year Built 1913

Lot Size 4,656 Sqft

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

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Building

Water Other

Others

Tax ID 0090683018


CRMLS – RECore
Listed by Willem Bos COMPASS

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Brian Winter

Brian Winter

Agent | License ID: 0200992

+1(559) 737-2923

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498 25th Street