Property Photo: 6605 Telegraph Ave CA 94609

Listing Courtesy of: CRMLS / Homemax / Keith K. Nguyen

6605 Telegraph Ave Oakland, CA 94609

Active (77 Days)

$2,000,000

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Description

6605 Telegraph Ave is a mixed-use investment property located in North Oakland, in close proximity to UC Berkeley, offering convenient access to numerous attractions, public transportation, and high-traffic areas. This property consists of two separate structures on one lot: a main building consists of 11 units, while a smaller building with two units, providing a total combine of 13 units (5 commercial, 7 residential, and 1 mixed-use). The residential units are situated on the upper levels, while the commercial spaces occupy the lower levels. The property is currently home to most long-term tenants who consistently pay on time, though many of the units are currently rented below market rate. This presents a significant potential upside for investors looking to raise rents to market level and maximize their returns.

MLS #:
41075442

Taxes
$21,018

Lot Size
8,004 SQFT

Type
Multifamily

Year Built
1962

County
Alameda County

Community
North Oakland

Listed By

Keith K. Nguyen, Homemax

Source
CRMLS
Last checked Dec 21 2024 at 11:28 AM GMT+0000

Bathroom Details

Interior Features

Gas Water Heater

Subdivision

North Oakland

Lot Information

Street Level

Heating and Cooling

See Remarks

Exterior Features

Roof: Metal

Location

Map View | Street View

Listing to Address

Address to Listing

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Listing Price History

Date

Event

Price

% Change

$ (+/-)

Oct 16, 2024

Price Changed

$2,000,000

-29%

-800,000

Oct 04, 2024

Original Price

$2,800,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.