$1,400,000
$1,398,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
444 40th Street Oakland, CA 94609
4,356 Sqft Lot
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Temescal
MLS Listing ID 40960355
Sold Date 12/29/21
HOA Y/N No
Year Built 1924
Lot Size 4,356 Sqft
Acres 0.1
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. This classic 4-unit apartment building from Oakland’s golden age is rich in period details and updated with plenty of contemporary additions. All four apartments are spacious and bright with tall ceilings, classic built-ins, and beautiful hardwood floors. Ideal for an owner/occupant or buy-and-hold investor, the two vacant first-floor units could potentially be converted into one large owner’s suite (buyer to verify). Tenants enjoy access to a beautiful garden courtyard and two off-street parking spaces. Located in the highly desirable Temescal neighborhood, just a short walk to many dining and shopping options on nearby Telegraph, the property is less than one block from Macarthur BART and just a 20-minute drive to San Francisco’s Financial District. With a 25% upside in gross rental income, this unique property in the heart of Oakland presents an excellent investment opportunity with huge upside potential.
Location
State CA
County Alameda
Zoning RU-3
Interior
Heating Wall Furnace
Flooring Carpet, Wood
Fireplace No
Exterior
Garage On Street
Parking Type On Street
Building
Lot Description Back Yard, Front Yard, Garden
Sewer Public Sewer
Others
Tax ID 0121011009
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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Bought with Jatin Mehta • Kite Hill Real Estate