5418 Telegraph AveOakland, CA 94609

Description

This five-unit multifamily investment opportunity is located in the vibrant Temescal neighborhood of Oakland. Known as one of Oakland’s most desirable areas, the Temescal district features a lively mix of popular restaurants, cafes, and boutique retail along an energetic streetscape. The property sits on a generous 7,500 SF lot and consists of two separate buildings. The front building, located along Telegraph Avenue, includes four 1-bedroom, 1-bathroom units, with two units on the ground floor and two on the second level. The rear building will be delivered vacant, presenting a unique opportunity for owner-occupancy or lease-up. Fully renovated in 2014, it offers excellent flexibility. The upper level features a 2-bedroom, 2-bathroom unit. The lower level is nonconforming, with additional rooms, a bathroom, and a separate storage/utility area. This spacious lower flex area has potential for a variety of uses. This is a rare opportunity to acquire a well-located asset with upside potential in one of Oakland’s most sought-after neighborhoods. Buyers are advised to conduct their own due diligence with the City of Oakland regarding possible improvements and use.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1912

Living area

3,382 Sq Ft

Lot size

0.17 acres

Days on market

165

MLS^® Listing#

41131540

Property Features

Interior

Storage

Appliances

Refrigerator

Cooling

None

Heating

Natural Gas · Wall Furnace

Flooring

Laminate

Basement

Full

Parking

Off Site · On Street

Lot features

Level

Construction

Aluminum Siding · Stucco

Roof

Shingle

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

14122523