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498 25th St 25 Unit Apartment Building $6,446,141 CAD ($257,846 CAD/Unit) 7.60% Cap Rate Oakland, CA 94612
Executive Summary
Priced to move with a motivated seller looking at all offers!
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 to acquire a high-performing property in one of Oakland’s strongest rental markets.
Current loan quote at 5.4% interest rate for a 5 year fixed loan at a 70% LTV. potential for a 80% LTV for the right qualified buyer. Call agent for more details
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 to acquire a high-performing property in one of Oakland’s strongest rental markets.
Current loan quote at 5.4% interest rate for a 5 year fixed loan at a 70% LTV. potential for a 80% LTV for the right qualified buyer. Call agent for more details
Property Facts
| Price | $6,446,141 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $257,846 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.60% | Building Size | 21,672 SF |
| Gross Rent Multiplier | 8.2 | Average Occupancy | 96% |
| No. Units | 25 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | ||
| Zoning | CG-3 | ||
| Price | $6,446,141 CAD |
| Price Per Unit | $257,846 CAD |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| Gross Rent Multiplier | 8.2 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 21,672 SF |
| Average Occupancy | 96% |
| No. Stories | 4 |
| Year Built | 1913 |
| Zoning | CG-3 |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Carpet
Site Amenities
- Laundry Facilities
- On-Site Retail
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 500 |
| 1+1 | 8 | - | 725 |
| 2+1 | 7 | - | 900 |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 009-0683-018-00 | Improvements Assessment | $560,122 CAD |
| Land Assessment | $195,651 CAD | Total Assessment | $771,041 CAD |
Property Taxes
Parcel Number
009-0683-018-00
Land Assessment
$195,651 CAD
Improvements Assessment
$560,122 CAD
Total Assessment
$771,041 CAD
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498 25th St
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