488 41st St - Apartments FOR SALE


Oakland, CA 94609- Temescal
$1,695,000 USD
415-754-8489
488 41st St, Oakland, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/23
null | 6.25% Cap Rate

488 41st St
Oakland, CA 94609
Temescal


HIGHLIGHTS

  • Over $100k in recent renovations by ownership, fantastic investment or owner-user opportunity
  • Lower level 2-bedroom owner's unit delivered vacant at Close of Escrow
  • Top floor 1-bedroom unit ~725 SF also delivered vacant for Owner-User
  • Great unit mix of studio, 1-bedroom and 2-bedroom units
  • Further upside in additional income through permitting 5th studio unit
  • Within 5 min walk to MacArthur BART Station, Whole Foods, Burma Superstar and Temescal Brewing

OVERVIEW

Don't miss this rare 4 + 1* unwarranted unit opportunity in the Temescal neighborhood! This beautifully updated and well-maintained property features a well appointed unit mix of one (1) 2-bedroom / 1-bath owner's unit delivered vacant, one (1) lower level 1-bedroom / 1-bath unit and two (2) bright upstairs 1-bedroom / 1-bath units, one which will be delivered vacant for a total of 2/4 units delivered vacant! There is also a lower level, unwarranted 5th studio unit by the garage for additional storage income, or permit it to make a 5th legal unit! More than 4,000 SqFt of living space loaded with charming details like french doors, crown molding, wainscoting, spacious kitchens, fireplaces, and plenty of natural light. The 2-bedroom owner's unit includes their own walk-out secure patio with in-unit washer/dryer. The lush, zenlike backyard is tastefully landscaped with cacti, succulents, new tanbark, a firepit circle and bocce ball court. Tenants enjoy shared bike storage, basement utility room and onsite coin laundry. Fantastic location two (2) blocks from BART and close to the 24--not to mention countless eating and shopping options in Temescal and along Piedmont Avenue in nearby Rockridge!

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

4

PRICE/UNIT

$423,750

CAP RATE

6.25%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

488 41st St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,659 SF

ZONING

-

APN/PARCEL ID

012-1010-049-00

ASK ABOUT THIS PROPERTY

Andrew BlackEngel & VolkersMore Info
415-754-8489

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Andrew BlackEngel & VolkersMore Info
415-754-8489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.