5499 Claremont Avenue, Oakland, CA 94618

$6,330,000

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List Price
$6,330,000
Status
ACTIVE
MLS#
ML82064393
Year Built
1960
Lot Size
7,501
Acres
0.17
Days on Market
3
Property Type
Commercial

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.

Additional Information

Taxes
$86,009
Cooling
Yes
Roof
Other
Water
Other
School District
Other
Attached Structure
Detached
Gross Scheduled Income
$522,132

Listing courtesy of Listing Agent: Alina Siert (alina@siertgroup.com) from Listing Office: KW Advisors.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.