709 40th Street

Oakland, CA 94609 View Map $1,300,000 Schedule a Tour
Sq.Ft.3,830
Year1924

Rebecca White

(415) 412-1977

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Status: Active
Property Type:Quadruplex
MLS #:422649056
Sq. Feet:3,830
On Site:35 Days
Lot Size:5,000 Sq. Ft.
County:Alameda
709 40Th St is a large, pride of ownership, renovated 4-plex with a newly constructed accessory structure centrally located in the Longfellow Neighborhood of Oakland, CA. The 3,362* SF main structure was built in 1924 & the 468 SF* accessory structure was built in 2016. The buildings are situated on a 5,000 SF* lot along 40th St in between MLK Jr. Wy & West St. The Property features a unit mix of 4 large 1-bed, 1-bath units & 1 newly constructed accessory structure that acts as a commercial studio. All 4 residential units have undergone significant upgrades including updated kitchens that feature modern shaker cabinets, stone countertops & dishwashers as well as updated bathrooms with modern vanities and stone countertops. The accessory structure features vaulted ceilings with skylights, polished concrete floors, & a bathroom with unique tile walls and a standing shower. In-place income is solid at $91,20 per year & provides potential to increase NOI by nearly 99%

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Community Information

Address:709 40th Street Oakland, CA 94609
County:Alameda
City:Oakland
Zip Code:94609
Neighborhood:2609

Architecture

Year Built:1924
Stories:2
Construction Materials: Frame, Lap Siding, Wood
Number of Buildings: 2
Roof: Bitumen, Flat
Foundation: ConcretePerimeter

Features / Amenities

Appliances: Dishwasher, Disposal, Free Standing Freezer, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Cook Top, Gas Water Heater, Microwave, Tankless Water Heater, Varies By Unit
Flooring: Tile, Wood
Laundry: In Common Area
Security Features: Secured Access, Security Fence, Security Gate
Parking Features: Off Street, Uncovered
Parking Total: 4.0
Heating: Gas, Wall Furnace
Total Rooms:16

Property Features

Lot Size: 0.11 Acres / 5,000 Sq. Ft.
Lot Dimensions:0.1148
Lot Features: Curb(s), Curbs/Gutters, Shape Regular
Sewer: Public Sewer
Water: Public

Tax and Financial Info

Cap Rate: 7.02
Lease Terms: Varies By Unit
Terms: 0
Tenant Pays: Electricity, Gas

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709 40th Street Oakland, CA 94609
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709 40th Street Oakland, CA 94609
 
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Listing Information Last Updated 5/18/2022
Listing provided courtesy of Cbre.
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