Capital Street

Oakland | California

Where Elevators

Open to Paradise

View Photos Watch Film 360° VTour Open House

Ray Rodriguez

Presented At

$1,450,000

Living

4,490

SQFT

498 Capital Street, Oakland, California, United States. - Photo 1

498 Capital Street, Oakland, California, United States. - Photo 2

498 Capital Street, Oakland, California, United States. - Photo 3

498 Capital Street, Oakland, California, United States. - Photo 4

498 Capital Street, Oakland, California, United States. - Photo 5

498 Capital Street, Oakland, California, United States. - Photo 6

498 Capital Street, Oakland, California, United States. - Photo 7

498 Capital Street, Oakland, California, United States. - Photo 8

498 Capital Street, Oakland, California, United States. - Photo 9

498 Capital Street, Oakland, California, United States. - Photo 10

498 Capital Street, Oakland, California, United States. - Photo 11

498 Capital Street, Oakland, California, United States. - Photo 12

498 Capital Street, Oakland, California, United States. - Photo 13

498 Capital Street, Oakland, California, United States. - Photo 14

498 Capital Street, Oakland, California, United States. - Photo 15

498 Capital Street, Oakland, California, United States. - Photo 16

498 Capital Street, Oakland, California, United States. - Photo 17

498 Capital Street, Oakland, California, United States. - Photo 18

498 Capital Street, Oakland, California, United States. - Photo 19

498 Capital Street, Oakland, California, United States. - Photo 20

498 Capital Street, Oakland, California, United States. - Photo 21

498 Capital Street, Oakland, California, United States. - Photo 22

498 Capital Street, Oakland, California, United States. - Photo 23

498 Capital Street, Oakland, California, United States. - Photo 24

498 Capital Street, Oakland, California, United States. - Photo 25

498

Capital Street

Oakland | California

498 Capital Street, Oakland, California, United States. , Oakland , California

Multi Family in Oakland

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.

Property

Property Video

PLAY FILM

498

Capital Street

Oakland | California

3D Street View Tour

Property Location

498 Capital Street, Oakland, California, United States., Oakland California

Local Weather & Climate

Oakland, California

Current Conditions Updated recently

47 °F

Light rain

Feels Like 43°F

Humidity 82%

Wind 9 mph

Visibility 6.2 mi

Sunrise 2:55 PM

Sunset 1:50 AM

5-Day Forecast

Wed 18 Feb

Rain

High 47°

Low 47°

Thu 19 Feb

Rain

High 51°

Low 43°

Fri 20 Feb

Clouds

High 51°

Low 41°

Sat 21 Feb

Clouds

High 56°

Low 42°

Sun 22 Feb

Clouds

High 60°

Low 49°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Oakland?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

Ready to explore financing?

Connect with trusted mortgage partners

Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

Frequently Asked Questions

Common questions about this property

What is the size of 498 Capital Street, Oakland, California, United States?

This property offers 4,490 square feet of living space.

What is the listing price for 498 Capital Street, Oakland, California, United States?

This property is listed at $145,000,000, which equals $32294 per square foot.

What type of property is 498 Capital Street, Oakland, California, United States?

This is a apartment located in Oakland, California. The property is situated in an established neighborhood with convenient access to local amenities and services.