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(408) 425-9359
Real Estate Company
498 Capital ST, Oakland, CA 94610
- $1,315,000
- 4,490
- SqFt
Listed by Ismael Benhamida, 408-373-6195 from Compass
(If provided) CoList: Hanna John Azar from Compass
Sold listing courtesy of Hanna John Azar from APR
- Sold Price
- $1,315,000
- List Price
- $1,450,000
- Closing Date
- Jan 28, 2026
- MLS#
- ML82012249
- Status
- SOLD
- Sqft. of Residence
- 4,490
- Lot Size
- 4,070
- Listing Area
- Oakland Zip Code 94610
- Year Built
- 1960
Property Description
Situated in Oaklands Cleveland Height neighborhood and two blocks from Oaklands renowned Lake Merritt, 498 Capital Street is a well maintained fiveunit multifamily property. This pride of ownership property was built in 1960 with wood frame and stucco construction on a concrete foundation. The building has one massive vacant three-bedroom/two-bathroom penthouse with views and four one-bedroom/one-bathroom units. Each unit has an individual parking garage. The building is 4,490 square feet and is situated on a 4,070 square foot lot. Each unit is independently metered for gas and electricity. This property offers an investor significant rent and value upside upon unit turnover due to the below market in-place rents. Current ownership has invested over $300,000 in recent capital improvements including a soft story seismic retrofit, private sewer lateral upgrade, electrical panel upgrade, main building water heater, roof work, and more. Furthermore, ownership has approved architectural plans to convert the right most garage and common space behind the garage, into an 800 square foot two-bedroom/two-bathroom unit. The rent growth, shortage of housing units, & ADU potential make 498 Capital Street an exceptional investment for both the cash flow & appreciation minded investor.
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Additional Information
- Acres
- 0.09
- Cooling System
- Ceiling Fan
- Days On Market
- Unknown
- Floor Covering
- Carpet, Tile
- Foundation
- Concrete Perimeter
- Garage Parking
- Carport
- Heating System
- Central Forced Air - Gas
- Laundry Facilities
- Washer / Dryer
- Living Area
- 4,490
- Lot Size
- 4,070
- Neighborhood
- Oakland Zip Code 94610
- Other Rooms
- Laundry Room, Storage
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Bitumen
- Sewer
- Sewer - Public
- Zoning
- RM-3
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