6315 Telegraph Avenue

Oakland, CA 94609

$3,250,000
Price
20
Beds
16
Baths
10,422 Sq. Ft.
$312 / Sq. Ft.
10,422
Sq. Ft.
$312
per Sq. Ft.

Description

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...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 spacious 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. Recent 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 balconies work to be completed by the new owner (confirmation required).
  1. Listed by Jake Glaser • DRE #02128816 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 6315 Telegraph Avenue

Zoning
CN-2
Parcel Number
0151379029
Total Units
15.0
Living Area
10422
Source Living Area
Title Company
Area
Berkeley (BERK)
Vacancy Rate
13%
Lot Size Area
7013

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816
Add your commute
LISTING UPDATED: 06/18/2024 05:23 PM

Property Details for 6315 Telegraph Avenue

StatusActive Under Contract
MLS #24-397821
Days on Compass19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.16 AC / 7,013 SF
CountyAlameda County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816
Add your commute

Building Information for 6315 Telegraph Avenue

Stories3Residences-Year Built1966Building Size-Lot Size0.16 AC / 7,013 SF

Payment Calculator

$18,464 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,737

Property Taxes

$727

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6315 Telegraph Avenue

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Mixed-use
  • Entry Floor Number: 1
  • Security Features: Automatic Gate
  • Property Condition: Updated/Remodeled
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $314,035
  • Net Operating Income: $199,189.00
  • Gross Income: $317,868
  • Cap Rate: 6.13%
  • Gross Rent Multiplier: $10.22
  • Owner Pays: Water, Electricity
  • Total Annual Expense: 114846
Land / Lot Info
Land / Lot Info
  • Paved: Yes
  • Lot Acreage: 0.161
  • Lot Size Square Feet: 7013
Parking Details
Parking Details
  • Parking Garage: Assigned, Controlled Entrance
  • Total Parking: 11
  • Parking Features: Assigned, Controlled Entrance
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Ceiling Fan, Wall Unit(s)
  • Heating: Central, Wall Furnace, Natural Gas
  • Heating Type: Central, Wall, Natural Gas
  • Equipment: Microwave, Dishwasher, Dryer, Washer, Garbage Disposal, Range/Oven, Freezer, Refrigerator
  • Laundry: In Unit, Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Entry Location: Main Level
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-30-2024
  • Rent Control: Yes
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,512.00
  • Unit Actual Rent: $12,098.00
  • Unit Projected Rent: $14,400.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,540.00
  • Unit Actual Rent: $6,161.00
  • Unit Projected Rent: $10,400.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,950.00
  • Unit Actual Rent: $4,950.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,640.00
  • Unit Actual Rent: $3,280.00
  • Unit Projected Rent: $3,588.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $304,471.00
  • Assessed Improvement Percent: 76.0
  • Assessed Land Value: $96,148.00
  • Assessed Land Percent: 24
  • Assessed Total Value: $400,619.00

Property History for 6315 Telegraph Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6315 Telegraph Avenue

Taxable ValueLand$96,148Additions$304,471Total$400,619
Tax Record2023$8,728 ($727 / month)
Home Facts
Lot Size7,013 SqFtStyleOffice BuildingCountyALAMEDAAPN15-1379-29

Schools near 6315 Telegraph Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Peralta Elementary School
PublicK to 5

Claremont Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Oakland International High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.