488 41st St

488 41st St, Oakland, CA 94609

Property Information

  • For Sale $1,795,000
  • Property Type Multi-Family
  • Property Size 4,041 SF
  • Units 5
  • Lot Size 0.08 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1911
  • Date Updated Jan 23, 2025

Description

488 41st St features a renovated and well maintained 4-unit apartment building in the heart of Temescal, Oakland. The property is tucked in a beautiful, residential street while one block away from countless eating and shopping options along Telegraph Ave. The Temescal district has emerged with a distinct identity composed of active streetscapes along Telegraph Avenue and Broadway, popular eateries and bars, new retail stores, strong local employment and excellent transit linkages throughout the San Francisco Bay Area. The MacArthur BART Station, just two blocks away, is a transfer point, affording service throughout the BART system. It is burgeoning with new development, welcoming an ever-improving demographic of higher-income households bringing an appetite for diverse urban lifestyles. Other strong points of interest include Whole Foods Market (6 blocks away), CorePower Yoga, Safeway, Claremont Country Club, trendy restaurants such as Cholita Linda, Marufuku Ramen, Kansai, Temescal Brewing, Ok's Deli, Blue Bottle Coffee and Homeroom to name a few.488 41st St features a well located fourplex in the heart of the Temescal neighborhood in Oakland, CA. The tastefully updated and well maintained property consists of three (3) 1-bedroom/1-bath, (1) 2-bedroom/1-bath and one (1) unpermitted studio ground floor unit by the garage. Per the county assessor, the total building area is 4,041 square feet including two storage lockers in the garage that are also currently rented. The 2-bedroom unit has undergone a full, meticulous renovation by the current ownership including new vinyl flooring, cabinets, quartz countertops and a new bathroom and vanity. The unit also features its own elevated walk out patio and in-unit washer/dryer. The other three (3) 1-bedroom units upstairs are clean and well maintained. A privacy fence encloses a lovely bricked patio area with a full backyard, tastefully landscaped with a new "zeroscape" trendy concept including a bocce ball court, dry rock creek and well maintained garden box. Fantastic opportunity for a first-time or seasoned investor, looking to build a portfolio. In addition, one (1) unit could be delivered vacant for an owner-user as well.

Highlights

  • Ample garage storage, future income potential
  • Excellent Walk & Bike Score | Walk Score: 93, Bike Score: 96, Transit Score: 74
  • Great investment opportunity, with further upside through permitting 5th studio unit
  • Great property for owner-user also, with one unit that can be delivered vacant
  • Great unit mix of studio, 1-bedroom and 2-bedroom units
  • Renovated, stabilized asset
  • Sewer lateral compliant
  • Within 5 min walk to MacArthur BART Station, Whole Foods, Burma Superstar and Temescal Brewing

Contacts

Andrew Black

HomeServices of America

Location

Located at 488 41st St, Oakland, CA 94609, this property is part of the Temescal neighborhood and Bay Area market.

Contact Listing Broker
Andrew Black

HomeServices of America

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