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1841 98th Ave 2,431 SF Retail Building Oakland, CA 94603 $650,000 ($267.38/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
$650,000
Price Per SF
$267.38
Cap Rate
7.99%
NOI
$51,945
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 | $138,089 |
| Land Assessment | $75,359 | Total Assessment | $213,448 |
Property Taxes
Parcel Number
046-5448-015-00
Land Assessment
$75,359
Improvements Assessment
$138,089
Total Assessment
$213,448
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1841 98th Ave
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