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Price Improvement $100k / 7.5% Cap & 8.3 GRM 498 25th St 28 Unit Apartment Building $4,750,000 ($169,643/Unit) 7.50% Cap Rate Oakland, CA 94612
Investment Highlights
- New 800 Amp Main panel / All new unit sub panel
- Off the soft story list / all concert foundation
- Billboard on top for additional income
- Updated Plumbing
- New leases for all retail tenants
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
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$551,000
|
$25.42
|
| Other Income |
$15,000
|
$0.69
|
| Vacancy Loss |
$16,252
|
$0.75
|
| Effective Gross Income |
$549,748
|
$25.37
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$198,000
|
$9.14
|
| Net Operating Income |
$351,748
|
$16.23
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $551,000 |
| Annual Per SF | $25.42 |
| Other Income | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $0.69 |
| Vacancy Loss | |
|---|---|
| Annual | $16,252 |
| Annual Per SF | $0.75 |
| Effective Gross Income | |
|---|---|
| Annual | $549,748 |
| Annual Per SF | $25.37 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $198,000 |
| Annual Per SF | $9.14 |
| Net Operating Income | |
|---|---|
| Annual | $351,748 |
| Annual Per SF | $16.23 |
Property Facts
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 - 1,500 |
| 1+1 | 11 | - | 500 - 725 |
| 2+1 | 7 | - | 900 |
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | 009-0683-018-00 | Improvements Assessment | $407,961 (2025) |
| Land Assessment | $142,501 (2025) | Total Assessment | $561,582 (2025) |
Property Taxes
Parcel Number
009-0683-018-00
Land Assessment
$142,501 (2025)
Improvements Assessment
$407,961 (2025)
Total Assessment
$561,582 (2025)
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Price Improvement $100k / 7.5% Cap & 8.3 GRM | 498 25th St
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