1152 98th Ave 6 Unit Apartment Building $1,899,997 ($316,666/Unit) 7.87% Cap Rate Oakland, CA 94603

Offering memorandum available upon request. Yellowstone Investments is pleased to present 1152 98th Avenue, a fully renovated mixed-use property located on a prominent corner in Oakland. This unique asset includes six total units—one retail space and five residential units—across two separate buildings. With over $2.2 million invested in renovations, this offering represents a rare opportunity to acquire a turnkey property with minimal deferred maintenance.
The first building is a duplex originally constructed in 1950 and fully remodeled in 2019. Each one-bedroom, one-bath unit has its own water meter, with tenants covering their water usage. The building on the corner was initially built in 1905, was taken down to the studs and completely rebuilt in 2021. It features a ground-floor retail space, a designated storage area, one large two-bedroom unit, and two three-bedroom units. All units are equipped with washer/dryer sets, tankless water heaters, and furnaces designed to accommodate future A/C condensers.
The corner building operates on a single water meter; tenants pay 80% of the total bill, while the owner covers the remaining 20%. There are seven parking spaces on-site, including three garage spots. Upon offer acceptance, the seller will provide full construction documentation, including the plans and permits.
The owner preserved elements of the site’s historic charm, using bricks from the original and nearby buildings in the walkways. Additionally, a framed exterior door and plumbing infrastructure in the upstairs room of Unit 1154 create the possibility for an easy future unit conversion. With significant capital improvements already completed, this asset is well- suited for an investor, nonprofit, or family compound buyer seeking quality and long-term stability in a high-demand Oakland location.