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1841 98th Ave 2,431 SF Retail Building Oakland, CA 94603 $915,518 CAD ($376.60 CAD/SF) 7.99% Cap Rate
Executive Summary
This well-maintained mixed-use asset consists of two residential apartments, plus an attractive commercial laundromat.
The real estate is favorably situated in the vibrant Cox/Iveywood neighborhood within the Oakland foothills, right across the street from Elmhurst Middle School and two short blocks from Verdese Carter Park.
All three units are separately metered, and the apartments each feature separate private entrances with dedicated off-street parking.
The laundromat is approximately 768 square feet and includes high efficiency Dexter equipment in excellent/like-new condition. The laundromat is available for a new owner to operate directly or lease to a third party operator.
The real estate is favorably situated in the vibrant Cox/Iveywood neighborhood within the Oakland foothills, right across the street from Elmhurst Middle School and two short blocks from Verdese Carter Park.
All three units are separately metered, and the apartments each feature separate private entrances with dedicated off-street parking.
The laundromat is approximately 768 square feet and includes high efficiency Dexter equipment in excellent/like-new condition. The laundromat is available for a new owner to operate directly or lease to a third party operator.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,431 SF
Building Class
C
Year Built
1933
Price
$915,518 CAD
Price Per SF
$376.60 CAD
Cap Rate
7.99%
NOI
$73,164 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.50
Lot Size
0.11 AC
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The Wash House
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The Wash House | - | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 046-5448-015-00 | Improvements Assessment | $194,497 CAD |
| Land Assessment | $106,142 CAD | Total Assessment | $300,639 CAD |
Property Taxes
Parcel Number
046-5448-015-00
Land Assessment
$106,142 CAD
Improvements Assessment
$194,497 CAD
Total Assessment
$300,639 CAD
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1841 98th Ave
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