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Listed by Alina Siert • KW Advisors, DRE#01893238
$6,330,000
Est. payment /mo
10,400 SqFt
Open House
Thu Oct 22, 1:30pm - 3:30pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,400 sqft
Price per Sqft $608
MLS Listing ID ML82064393
Year Built 1960
Lot Size 7,501 Sqft
Property Sub-Type Five or More Units
Property Description
24 one-bedroom, one-bath apartments at 5499 Claremont Avenue (Silvergate Apartments), built in 1960, with about 12,600 SF on a lot of about 7,500 SF. On-site parking lot for 10 cars and coin-operated laundry. Rooftop solar hot water and double-pane windows. Sewer lateral certified by EBMUD through 2042. Market rents run about 12% above in-place rents. In North Oakland between Rockridge and Temescal, about 0.3 mi from Rockridge BART, College Avenue shops and dining and the Temescal Farmers Market, near the Rockridge-Temescal Greenbelt and Highway 24. 5.74% current cap; 5.65% pro forma cap. Existing financing in place. Motivated ownership: all offers reviewed; Q4 2026 close preferred.
Location
State CA
County Alameda
Area Oakland Zip Code 94609
Zoning RM-4
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 014-1272-004
Security Features Other
Special Listing Condition Not Applicable
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