1740 Telegraph Avenue, Oakland

An Art Deco gem with 50’ of frontage on both Broadway and Telegraph


  

INVESTMENT DETAIL

Type: Opportunistic

Hold Period: 2+ years

Leveraged IRR: 54%

Multiple: 2.4x

A vintage, mixed-use diamond in the rough, this property is situated directly on top of BART and across the street from the historic Fox Theater in Oakland’s popular Uptown neighborhood. Citrine acquired the property, which was marketed for over a year only by a sign atop the building, after other buyers struggled to make a deal with its offshore owner.