Oakland, CA 94609,444 40th Street

$1,400,000

$1,398,000

0.1%
Est.Price: ?

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Est. payment /mo

4,356 Sqft Lot


SOLD DATE : 12/29/2021

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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California Regional MLS (CRMLS)
Listed by Jatin Mehta • Kite Hill Real Estate
Bought with Jatin Mehta • Kite Hill Real Estate
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3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States

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