A doge is an elected chief of state lordship, the ruler of the Republic in many of the Italian city states during the medieval and renaissance periods, in the Italian "crowned republics".
The word is from a Venetian word that descends from the Latin dux (as do the English duke and the standard Italian duce and duca), meaning "leader", especially in a military context. The wife of a doge is styled a dogaressa. [1]
no thanks
Telegraph Uptown Apartments is a uniquely styled 9 unit building built in 1944. It features 3 1bedroom 1bath units and 6 studios with a fully gated lot and laundry room.
Located in Uptown in the epicenter of a thriving new cultural center, this brightly painted yellow icon offers tenants access to numerous restaurants and bars along the Broadway/Telegraph corridor. With a bustling night life and fantastic restaurants, this building has historically low vacancy and stands to benefit from the increasing rents driven by local high tech firms in Oakland and San Francisco.
The subject property is in close proximity to 19th St. BART, Paramount Theater and Downtown Oakland City Center. Easy access to 980 FWY and San Francisco.
2315 Telegraph Ave – Gated Lot
Highlights
Property Information | |
Property Name | Telegraph Uptown Apartments |
Address | 2315 Telegraph Ave., Oakland, CA 94612 |
County | Alameda |
APN | 008-0664-005-00 |
Property Characteristics | |
Units | 9 |
Gross Square Footage | 4,997 per county records |
Lot Size | 3,888 square feet per county records |
Year Built | 1944 |
Covered Parking | None |
Number of Buildings | 1 |
Building Characteristics | |
Construction | Wood frame/Siding |
Stories | 3 |
Laundry Facilities | 1 washer; 1 dryer |
Pool/Spa | None |
Unit Characteristics | |
Heat | Gas Wall Furnace w/ single meter |
Ranges | Gas |
Dishwashers | None |
Views | Some from middle |
Utilities Responsibilities | |
Cold/hot water, trash, common lights, gas | Owner |
None | Tenants |
Rent Roll
Unit | Type | SqFt. | Rent | Market Rent |
1 | 1bd | 580 | $750.00 | $875.00 |
2 | Studio | 450 | $650.00 | $775.00 |
3 | Studio | 385 | $650.00 | $775.00 |
4 | Studio | 450 | $650.00 | $775.00 |
5 | Studio | 385 | $650.00 | $775.00 |
6 | 1bd | 580 | $750.00 | $875.00 |
7 | Studio | 450 | $650.00 | $775.00 |
8 | Studio | 385 | $650.00 | $775.00 |
9 | 1bd | 580 | $750.00 | $875.00 |
TOTAL | $6,150.00 | $7,275.00 | ||
ANNUAL | $73,800.00 | $87,300.00 |
Income & Expenses | |||||
Current rent with estimated expenses | Market rent with estimated expenses | ||||
Rental Income | $73,800 | Rental Income | $88,020 | ||
Other Income | $1,600 | Other Income | $1,600 | ||
Scheduled Gross Income (SGI) | $75,400 | Scheduled Gross Income (SGI) | $89,620 | ||
Less 3 % Vacancy Factor | ($2,214) | Less 5 % Vacancy Factor | ($4,401) | ||
Eff ective Gross Income (EGI) | $73,186 | Eff ective Gross Income (EGI) | $85,219 | ||
Less Operating Expenses | Less Operating Expenses | ||||
Property Taxes (est. @ 1.41% + $4,262 SA) | ($14,703) | estimated | Property Taxes (est. @ 1.4112% + $4,262 SA) | ($14,703) | estimated |
License and Rent Board | ($1,190) | actual 2011 | License and Rent Board | ($1,190) | actual 2011 |
Insurance | ($1,700) | estimated | Insurance | ($1,700) | estimated |
Utilities | ($9,489) | actual 2011 | Utilities | ($9,489) | actual 2011 |
Maintenance and Repairs | ($1,500) | estimated | Maintenance and Repairs | ($2,500) | estimated |
Total Operating Expenses | ($28,582) | 37.91% SGI, or $3,176/unit | Total Operating Expenses | ($29,582) | 33.01% SGI, or $3,287/unit |
Net Operating Income (NOI) | $44,604 | Net Operating Income (NOI) | $55,637 |
Value Indicators
Current | Market | ||
Sale Price | $740,000 | Sale Price | $740,000 |
NOI | $44,604 | NOI | $55,637 |
Price/SqFt: | $148.09 | Price/SqFt: | $148.09 |
Price/Unit: | $82,222 | Price/Unit: | $82,222 |
Cap Rate: | 6.03% | Cap Rate: | 7.52% |
GRM: | 9.81 | GRM: | 8.26 |
Cash on Cash Return: | 7.15% | Cash on Cash Return: | 13.11% |
Cash Flow Analysis
Purchase Price | $740,000 | |
Less Down Payment (25%) | ($185,000) | |
New Loan | $555,000 | 3.89% / 5 Years |
NOI | $55,637 | |
Less Debit Service | ($31,375) | |
Cash Flow | $24,262 | |
Cash on Cash Return | 7.15% | 13.11% (market rents) |
2315 Telegraph Avenue, Oakland, CA 94612
9
Mon - Fri 8:00 AM - 5:00 PM
And By Appointment
909 Marina Village Pkwy #182 Alameda, CA 94501