Located in the sought after Cleveland Heights neighborhood, this building consists of four 1 bedroom/ 1 bathroom units and a large 3 bedroom / 2 bathroom unit. The property sits on top of 5 covered garage parking spaces as well as a large crawl space that provides investors the opportunity to build out a 6th Accessory Dwelling Unit. Amenities include on-site laundry, dishwasher and balconies for some of the units, and amazing views of the surrounding area. This is a rare opportunity to own a beautiful multifamily property in one of Oakland's most desirable neighborhoods and strongest rental markets.
Off market
$1,483,557
498 Capital St, Oakland, CA 94610
7beds
6baths
4,490sqft
Lowrise (1-3 Flrs)
Built in 1960
-- sqft lot
$-- Zestimate®
$330/sqft
$3,430 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Cooling
- Other
Appliances
- Laundry: Common Area
Features
- Flooring: Other
- Basement: Unfinished
Interior area
- Total interior livable area: 4,490 sqft
Property
Parking
- Total spaces: 5
Features
- Patio & porch: Balcony/Patio
- Exterior features: Other
Lot
- Size: 4,068 sqft
- Features: Sloped Down
Details
- Parcel number: 2341712
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Lowrise (1-3 Flrs)
Materials
- Roof: Other
Condition
- Year built: 1960
Community & neighborhood
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 9450
Other
Other facts
- Roof: Other
- GarageYN: true
- Heating: Other
- Basement: Unfinished
- HeatingYN: true
- CoolingYN: true
- ConstructionMaterials: Other
- NumberOfUnitsTotal: 5
- MaintenanceExpense: 0
- Cooling: Other
- LaundryFeatures: Common Area
- Flooring: Other
- ParkingFeatures: Garage
- TenantPays: Other
- OtherEquipment: Other
- InsuranceExpense: 0
- GrossScheduledIncome: 0
- ProfessionalManagementExpense: 0
- VacancyAllowance: 0
- PatioAndPorchFeatures: Balcony/Patio
- LotFeatures: Sloped Down
- MlsStatus: Active
- PropertySubType: Lowrise (1-3 Flrs)
- CapRate: 4.24%
- GrossIncome: 111225
- NetOperatingIncome: 73117
- OperatingExpense: 38108
- TotalActualRent: 9450
- TaxAnnualAmount: 0
- ListPriceLow: 1725000