Oakland’s Temescal district radiates with energy even at lunchtime on weekdays.   Restaurants abound, the area is filled with families and couples at Bakesale Betty and Genova Delicatessen. It was a common sight (until they closed) to see tiny tots playing in the indoor playground at SadieDey’s Café on Telegraph Avenue, while their tattooed parents were texting away.
Most people find that Temescal is a perfect blend of the old and the new.  It’s easy to get Berkeley, San Francisco and downtown Oakland, but it has a flavor all its own.
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Excellent 1 bedroom with loft, renovated

This property was a target of mine starting about five to ten years ago. It’s a unique 1920’s style three story building right across the street from Alta Bates Medical Center in Oakland on Telegraph Ave.

Interior

Coved living room with dark wood stain

When I first saw the interior lofts it caught my eye and I knew there was something special about the property. It’s been about a year since I purchased the building and have renovated nearly all the units. Rents have gone up over 25% in less than a year.

This building was shown to many investors but nobody really saw the potential like I did. In fact I ran this opportunity buy a few of my investor friends and everybody balked at the building. But eventually I found the right partners and took down this excellent 9-Unit property for $670k. It’s worth nearly $900 now just one year later.

Sleeping Loft

Professional steel staircase provides access to sleeping loft

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