Located in the sought after Cleveland Heights neighborhood, this building consists of four 1 bedroom/ 1 bathroom units and a large 3 bedroom / 2 bathroom unit. The property sits on top of 5 covered garage parking spaces as well as a large crawl space that provides investors the opportunity to build out a 6th Accessory Dwelling Unit. Amenities include on-site laundry, dishwasher and balconies for some of the units, and amazing views of the surrounding area. This is a rare opportunity to own a beautiful multifamily property in one of Oakland's most desirable neighborhoods and strongest rental markets.
Sold for $1,315,000
$1,315,000
498 Capital St, Oakland, CA 94610
7beds
6baths
4,490sqft
Lowrise (1-3 Flrs)
Built in 1960
-- sqft lot
$-- Zestimate®
$293/sqft
$4,164 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,164/mo
Zestimate® history
Owner options
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$4,164/mo
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$8,429/mo
Est. payment
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Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Cooling
- Other
Appliances
- Laundry: Common Area
Features
- Flooring: Other
- Basement: Unfinished
Interior area
- Total interior livable area: 4,490 sqft
Property
Parking
- Total spaces: 5
Features
- Patio & porch: Balcony/Patio
- Exterior features: Other
Lot
- Size: 4,068 Square Feet
- Features: Sloped Down
Details
- Parcel number: 2341712
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Lowrise (1-3 Flrs)
Materials
- Roof: Other
Condition
- Year built: 1960
Community & HOA
Location
- Region: Oakland
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $1,483,557
- Total actual rent: 9450
- Tenant pays: Other
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2026 | Sold | $1,315,000-6.1%$293/sqft |
Source: Public Record Report a problem | ||
| 8/18/2021 | Sold | $1,400,000-18.8%$312/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #40949954 Report a problem | ||
| 11/4/2020 | Listing removed | $1,725,000$384/sqft |
Source: MARCUS & MILLICHAP #40915175 Report a problem | ||
| 8/3/2020 | Listed for sale | $1,725,000$384/sqft |
Source: MARCUS & MILLICHAP #40915175 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,483,557 +2% |
| 2024 | $23,012 -4.5% | $1,454,479 +2% |
| 2023 | $24,093 +3.6% | $1,425,960 +2% |
| 2022 | $23,246 +308.1% | $1,398,000 +652.7% |
| 2021 | $5,696 +1.2% | $185,736 +0.5% |
| 2020 | $5,630 +12.2% | $184,787 +2% |
| 2019 | $5,017 +10.5% | $181,184 +2% |
| 2018 | $4,539 | $177,650 +2.2% |
| 2017 | $4,539 +4.8% | $173,871 +2% |
| 2016 | $4,331 +0.8% | $170,474 +1.5% |
| 2015 | $4,296 -6.4% | $167,923 +2% |
| 2014 | $4,591 | $164,646 +0.5% |
| 2013 | -- | $163,906 +2% |
| 2012 | -- | $160,705 +2% |
| 2011 | -- | $157,567 +0.8% |
| 2010 | -- | $156,394 -0.2% |
| 2009 | -- | $156,765 +2% |
| 2008 | -- | $153,704 +2% |
| 2007 | -- | $150,703 +2% |
| 2006 | -- | $147,760 +2% |
| 2005 | -- | $144,876 +2% |
| 2004 | -- | $142,049 +1.9% |
| 2003 | -- | $139,458 +2% |
| 2002 | -- | $136,735 +2.5% |
| 2001 | $2,873 | $133,427 |
Find assessor info on the county website
Neighborhood: Cleveland Heights
Nearby homes
- $--3 bd2 ba1.2k sqft498 Capital St APT 5, Oakland, CA 94610Off Market
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- $--2 bd1 ba650 sqft522 Merritt Ave #D, Oakland, CA 94610Off Market
- $--2 bd1 ba900 sqft522 Merritt Ave #F, Oakland, CA 94610Off Market
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- $--1 bd1 ba759 sqft490 Capital St APT 2, Oakland, CA 94610Off Market
Nearby schools
GreatSchools rating
- 6/10Cleveland Elementary SchoolGrades: K-5Distance: 0.3 mi
- 2/10Westlake Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Oakland Technical High SchoolGrades: 9-12Distance: 1.8 mi
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- California
- Alameda County
- Oakland
- 94610
- Cleveland Heights
- 498 Capital St
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