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22022068

2874 Telegraph Ave, Oakland, CA 94609

TZ
CA CA#01962093, TX TX #784905
Compass Commercial Real Estate
RR
CA 01999734
Compass Commercial Real Estate
Listed by Compass Commercial Real Estate
$1,350,000
469 days on market
Updated 24 days ago

2874-2882 Telegraph Ave, Oakland CA

Details
APN 009-0688-018-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,484
Units 12
Cap Rate 8.04%
NOI $108,541
Occupancy 84%
Pro-Forma Cap Rate 12.48%
Pro-Forma NOI $168,440
Price per SqFt $142
Class C
Year Built 1905
Buildings 2
Stories 3
Acreage 0.170
Zoning CC-2 , S-13
Parking Spaces 5 spaces
Parking Per SqFt 0.53
Investment Type Value Add
Ownership Individual

Multifamily | 12 Units | $112,500/unit

Marketing description

The R&Z Group of Compass Commercial is proud to present 2874–2882 Telegraph Avenue, a premier investment opportunity in the dynamic heart of Oakland. This well-positioned 12-unit mixed-use property offers an outstanding combination of strong rental demand, income potential, and future upside, all just minutes from Downtown Oakland.

The property features a highly desirable unit mix consisting of eight 1-bedroom/1-bath apartments, one 1-bedroom loft, and three commercial storefronts. Encompassing approximately 9,484 square feet on a 0.14-acre lot, the complex provides an ideal blend of residential and retail space, creating multiple streams of revenue for investors.

A key highlight of this asset is its exceptional location along Telegraph Avenue, paired with the potential to add additional dwelling units (ADUs)—enhancing long-term value and flexibility. Its close proximity to Downtown Oakland makes it an attractive housing option for both local residents and commuters traveling to San Francisco, supporting consistently high occupancy and low vacancy rates.

Residents and tenants alike benefit from nearby access to major transportation routes, including Highways 980, 880, and 580, as well as Oakland’s most celebrated destinations such as the Fox Theatre, Lake Merritt, Jack London Square, and Alameda.

This is a rare opportunity to acquire a mixed-use asset in one of the Bay Area’s most vibrant and growing markets. Contact The R&Z Group of Compass Commercial today to schedule a private tour and secure 2874–2882 Telegraph Avenue as your next standout investment.

Investment highlights

  • 12-unit mixed-use investment opportunity in the heart of Oakland, near Downtown Oakland.

  • Diverse unit mix: Eight 1-bedroom/1-bath apartments, one 1-bedroom loft, and three commercial storefronts.

  • ±9,484 SF building on a 0.14-acre lot, offering a strong blend of residential and retail income streams.

  • Value-add potential with the opportunity to add additional dwelling units (ADUs). Buyer to conduct Feasibility study.

  • Prime commuter location with close proximity to Downtown Oakland and convenient access to Highways 980, 880, and 580—ideal for tenants commuting to San Francisco.

  • Surrounded by top amenities and attractions, including the Fox Theatre, Lake Merritt, Jack London Square, and Alameda, supporting strong rental demand and low vacancy potential.

  • Billboard located on top of building provides additional income. Buyer to verify current billboard lease.

Listing Contacts

TZ
CA CA#01962093, TX TX #784905
Compass Commercial Real Estate
RR
CA 01999734
Compass Commercial Real Estate
Listed by Compass Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,541.00
$9,045.08/mo

Valuation Metrics

0
DSCR
8.04%
Cap Rate
8.04%
ROI

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Additional Information

Name
Tony Zizzo
License
CA#01962093
Brokerage
Compass
Title
Executive Vice President
Brokerage Address
1133 Minnesota Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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