476 42nd Street — Sale in Oakland, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Oakland, CA 94609

Photos

476 42nd Street — Sale in Oakland, CA, photo 1 of 2
476 42nd Street — Sale in Oakland, CA, photo 2 of 2

Investment Figures

Cap rate
4.09%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Rarely does a Temescal fourplex come to market with this level of owner investment and this many built-in amenities. 476 42nd Street offers four spacious one-bedroom, one-bathroom units of approximately 900 square feet each, all on a 5,865 square foot lot — with a private enclosed garage for every unit at the rear of the building. The current owner has made extensive capital improvements throughout her tenure, including a seismic sill bolt, full sewer lateral replacement, all-new water lines, new water heaters in every unit, a new furnace in Unit B, and a majority roof replacement — the big-ticket items that matter most to savvy investors. Multiple windows have been replaced, the rear staircase rebuilt, perimeter fencing upgraded, and new metal gates installed at both entries. Interior updates include bathroom vanities, miscellaneous plumbing and electrical work, and fresh exterior paint throughout. Each unit operates fully independently with its own water heater and furnace. Multiple units feature in-unit laundry — washer and dryer in Units A and D, washer in Unit B, and a dryer hookup and vent in Unit C. With MacArthur BART less than half a mile away and Telegraph Avenue's restaurants and shops just steps from the front door, this is the kind of asset tenants stay in and investors hold onto. Investment Highlights: • 4-Unit multifamily asset in Temescal with large 1-bedroom units in a highly desirable location with a 94 Walk Score. • Significant Capital Improvements Throughout Current Ownership • In-Unit Washer and Dryer in Three Units

Market Context

This multifamily in Oakland, CA is listed for sale. It is offered at an approximate 4.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Oakland, CA — view the full market.

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