Log In/Sign Up
Your email has been sent.
823 Webster St 4,500 SF 50% Leased Retail Building Oakland, CA 94607 $1,495,000 ($332.22/SF) 8.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- Fully renovated building and move-in ready
- Mixed Use building for optimal flexibility
EXECUTIVE SUMMARY
$500,000 PRICE REDUCTION!!! Located in the heart of Oakland's Chinatown, this fully remodeled mixed-use building presents a rare opportunity to acquire a high-performing income asset in an iconic neighborhood. Rising three stories, the property combines five residential units with a prime ground-floor restaurant space, offering both stable cash flow and long-term upside. The unitstwo studios, two 1BR, and one 3BR/2BAhave been extensively renovated with upgraded electrical, new flooring, new appliances, and new paint, with several featuring private balconies. Three units are currently occupied, providing immediate income and strong upside as the others are leased. The ground-floor commercial space, formerly home to the Golden Peacock Restaurant for over 50 years, boasts prime Webster Street frontage, fresh paint, and unmatched visibility on a high-traffic corridor. The exterior has been updated for strong curb appeal, making the property turnkey for both residential and retail tenants. Surrounded by Chinatown's cultural richness and steady foot traffic, it sits next to the Renaissance Plaza, Asian Health Services/Hospitals and Stanford medical offices, and minutes from Oakland Financial District. The location also provides seamless access to BART, AC Transit, and HWY I-880, I-580, and the Bay Bridge.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
C
Year Built
1971
Price
$1,495,000
Price Per SF
$332.22
Cap Rate
8.01%
NOI
$119,700
Percent Leased
50%
Tenancy
Multiple
Building Height
3 Stories
Zoning
Mixed Use - Mixed Use
Frontage
143’ on Webster Street
AMENITIES
- 24 Hour Access
- Restaurant
- Wheelchair Accessible
- Storage Space
- Smoke Detector
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (90)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,669,962 | |
| Land Assessment | $1,782,526 | Total Assessment | $11,452,488 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,782,526
Improvements Assessment
$9,669,962
Total Assessment
$11,452,488
1 of 63
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
823 Webster St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.