USACAOakland498 Capital St
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Sold

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$1,450,000

7 months ago

498 Capital St, Oakland, CA

0 Bed

0 Bath

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MLS® ML82012249

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $22,956
Approx. Age 1960
MLS® Number ML82012249

Property Address: 498 Capital St, Oakland, CA, 94610-5138

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberML82012249
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Jan 23, 2026End Date
$1,315,000Sold Price

Sold

Jun 25, 2025List Date
$1,450,000List Price
  • Commute

Commute

Starting Address
Destination Address
498 Capital St, Oakland, CA

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