Home | Alameda County | Oakland | 94610 | 498 Capital St
498 Capital St, Oakland, CA 94610
MLS: ML82012249 | Status: | Price: $1,315,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
4,490 |
4,070 |
1960 |
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.
| Field |
Value |
| MLS # |
ML82012249 |
| MLS Source |
MLSListings, Inc. |
Features
Interior Features
| Feature |
Details |
| Appliances |
Washer/Dryer |
| Flooring |
Carpet, Tile |
| Cooling |
Ceiling Fan |
| Heating |
Central Forced Air - Gas |
Exterior Features
| Feature |
Details |
| Roof |
Bitumen |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Carport, Garage: 5 Car(s) |
| Elementary District |
Oakland Unified |
| High School District |
Oakland Unified |
| Sewer |
Public Sewer |
| Water |
Public |
| HOA Fee |
$0 |
| Complex Amenities |
None |
| Zoning |
RM-3 |
| Listing Agent |
Co-Listing Agent |
| Ismael Benhamida |
Hanna John Azar |
| Compass |
|
| License #: 01722847 |
License #: 02005698 |
| Phone: (408) 373-6195 |
Phone: (415) 875-0177 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
4 |
5 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
– |
1 |
1/0 |
– |
$1,350 |
1 |
| 2 |
– |
1 |
1/0 |
– |
$2,283 |
2 |
| 3 |
– |
1 |
1/0 |
– |
$1,379 |
1 |
| 4 |
– |
1 |
1/0 |
$1,971 |
– |
1 |
| 5 |
– |
3 |
2/0 |
$3,995 |
– |
1 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
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This listing information is up-to-date as of April 30, 2026. For the most current information, please contact Ismael Benhamida, (408) 373-6195.