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Formality  Real Estate, REALTORS®

Formality Real Estate

Formality Real Estate
REALTORS®
Direct: 510-907-0022
Office Phone: 510-625-8899
www.formalityrealestate.com
Formality Real Estate
Property Price: $3,188,000.00
Property Type: House
Bedrooms: 10
Bathrooms: 10
Cross Street: 8th St.
Garage Type: Parking
Water: Public
Lot Size: 7500 SF Acres
Status: For Sale
Marketing Remarks:

821 Webster St., Oakland—a rare mixed-use property ideally situated in the heart of Oakland’s vibrant Chinatown. This exceptional offer includes 15 units: 10 residential apartments and 5 commercial retail spaces, making it a prime opportunity for investors and owner-occupants. The anchor tenant was formerly Gateway Bank and is now Metropolitan Bank. Residential: The second floor consists of 10 well-maintained apartments, all fully occupied and professionally managed by Formality Real Estate. Residents benefit from secure entry with an intercom system conveniently located on Webster Street, ensuring peace of mind and a sense of community. Commercial Retail: The street level boasts 5 highly visible retail spaces—2 on 8th Street and 3 on Webster Street. Four of these units are fully leased to established tenants, providing immediate and steady cash flow for the new owner. With its prominent street frontage, high foot traffic, and unbeatable access to shops, restaurants, public transportation, and major freeways, 821 Webster St. offers the perfect blend of location, convenience, and potential. Whether you’re seeking a robust investment or a flexible live/work opportunity, this property stands out in one of Oakland’s most dynamic neighborhoods. Don’t miss your chance to own this versatile gem—contact us today to schedule a private tour or to learn more about this unique opportunity! Property highlights * Prime mixed-use building in central Oakland Chinatown * 15 total units: 10 residential apartments (second floor), 5 commercial retail spaces (ground floor) * Residential: 10 apartments on the second floor, fully occupied and professionally managed by Formality Real Estate. Residents enjoy secure entry with an intercom system on Webster Street. * Commercial Retail: 5 street-level retail spaces—2 on 8th Street and 3 on Webster Street. Four units are fully leased to established tenants, ensuring immediate cash flow. * Prime Available Space: A standout 5,700 sq ft, two-story former bank space on 8th Street is now available. Features include an elevator, vault, and spacious layout—ideal for a bank, financial institution, or company headquarters. Demand for this unique space is high! * Location: Unmatched visibility and foot traffic in the very center of Oakland Chinatown, surrounded by thriving businesses, restaurants, and community attractions. * High occupancy rate with stable rental income from both residential and commercial tenants * Flexible commercial space suitable for a variety of uses * Excellent location with strong long-term growth prospects.

Exterior:

Concrete

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Formality  Real Estate, REALTORS®

Formality Real Estate

Formality Real Estate
REALTORS®
Direct: 510-907-0022
Office Phone: 510-625-8899
www.formalityrealestate.com
Formality Real Estate
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