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1009 Madison St, Oakland, CA, 94607
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1009 Madison St Oakland, CA, 94607

$2,500,000 $250,000 Commercial for sale Lowrise (1-3 Flrs)

Beautiful Italianate consisting of 8 units just blocks to Lake Merritt and downtown Oakland. This 3 story structure was originally built in 1870 and shares characteristics similar to many Bay Area grand residences of that period, flat roof with angled , overhanging eaves and cornices decorated with many brackets, 8’ tall narrow windows on the 1st floor, windows with decorative hoods, corners of the building that have quoins extending from the ground to the roof, ornate balconies that provide a distinct break in the horizontal line of the primarily rectangular design. Starting in 2002 the building went through major renovations to address existing California Building Codes. Due to the major renovations, the building has a Certificate of Exemption from the City of Oakland Rent Adjustment Ordinance which offers immediate upside potential. The property features a grand entry, high ceilings ranging from 11-13 feet. The property has 6 off-street parking spaces, a beautiful garden area for the residents to enjoy, a partial basement which offers great storage or a possible workshop. There’s a shared laundry room and a separate laundry area for an owners unit. Pride of ownership is evident throughout.
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Property details

6,028 sqft interior area
Land area
4,000 sqft (0.09 acres)
Days on Verhouse
86
Address
1009 Madison St, Oakland, CA, 94607
City of California
Oakland
County
Alameda
Previous price
$2,750,000
Year Built
1870
Parking Spaces
6
District
Listing

Nearby major retailers

Public Storage
7-Eleven
CVS Pharmacy
Safeway
Trader Joe's
Safeland Super Market
Kohl's
Whole Foods Market
Pet Food Express
Petco
TJ Maxx
The Home Depot
Marshalls
Apple Store
Ross
AT&T
O'Reilly Auto Parts
Verizon Wireless
T-Mobile
See's Candies
GNC
MetroPCS
Supercuts
AutoZone
Dollar Tree
Chevron Food Mart
Shell
Pet food express
Nordstrom
GameStop
Toyota
7-eleven
Storage rental: 3
Convenience: 16
Chemist: 1
Supermarket: 11
Greengrocer: 3
Department store: 7
Pet: 7
Do it yourself: 2
Electronics: 1
Mobile phone: 16
Car parts: 6
Confectionery: 2
Nutrition supplements: 2
Hairdresser: 2
Variety store: 1
Video games: 1
Car repair: 1
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Interior Features

6 parking places, Laminate, Partial Carpeting, Tile, Other floors
Roof
Shingle, Composition
Floor Covering
Laminate, Partial Carpeting, Tile, Other
Garage & Parking
Assigned, Other
Utilities Included
Wired For Cable TV
Other rooms
Storage
Amenities
Intercom
Appliances
Dryer, Washer, Gas Water Heater
Basement
Partial, Separate Entry, Storage Space, Unfinished

Listed by

Bruce Chambers, Western Management Properties, Inc
Name
Bruce Chambers
License number
00776842
Brokerage company
Western Management Properties, Inc
MLS #
41050856

Payment calculator

Calculate your monthly payments
Mortgage
$7,676
Taxes
$0
HOA dues
$0
$7,676 per month
Mortgage
$500,000 / 20%
2.28%
30 years
Your amount $7,676 / month

Exterior Features

Frame, Wood Siding construction and more
Construction
Frame, Wood Siding
Yard
Garden

Lot details

TMK #2838
Lot Description
Level, Regular
Parcel nr.
2838

94607 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
—
no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data

People living in 94607

42%
Families with children
National average: 39%
50%
Non family households
364,979
Population
$115,095
Average Income

Age & gender

Median age 38 years
More info

Commute types

55% commute by car
More info

Education level

30% have bachelor education
More info

Number of employees

2% work in management
More info

Vehicles available

46% have 1 vehicle
More info

Vehicles by gender

46% have 1 vehicle
More info

Housing market insights for

$1.12m
Neighborhood average
sales price*
$890k
Neighborhood median
sales price*
579
Number
of sales*

Housing type

33% are single detacheds
More info

Rooms

35% of the houses have 4 or 5 rooms
More info

Bedrooms

51% have 2 or 3 bedrooms
More info

Owners vs Renters

64% are renters
More info
16.33 / 20
Most Walkable
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

Price Decrease Apr 25, 2024
Date Event Price $/sqft Source
Apr 25, 2024 Price Decrease $2,500,000 -9.09% 0 MLS #41050856
Feb 23, 2024 New Listing $2,750,000 0 MLS #41050856

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Frequently Asked Questions about 1009 Madison St

What is 1009 Madison St?

1009 Madison St is a Commercial/Industrial propertywith 6,028 sqft interior space.

What is the rental income?

-

What is the full address of this Commercial?

1009 Madison St, Oakland, CA, 94607.

What comparable properties are nearby?

Comparable nearby commercial properties include 315 11th St, 322 Broadway, 1520 1st Ave, 1506 4th Ave, 1110-1118 International Blvd, 2345 Park Blvd.

Based on information from the bridgeMLS as of 05-18-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: May 02, 2024
Verhouse Last checked less than a minute ago


The closest grocery stores are hk outlets, 0.03 miles away and Hometown Grocery, 0.11 miles away.
The 94607 zip area has a population of 364,979, and 42% of the families have children. The median age is 38.64 years and 55% commute by car. The most popular housing type is "single detached" and 64% is renter.
Commercial For sale $2.5m  $250,000 1009 Madison St, Oakland, CA, 94607 Save House Remove from Saved