121 41st St
Oakland, CA 94611
Multifamily Property For Sale · 27 Units

121 41st Street is a 27-unit apartment community in Oakland, CA. The property is located within a quiet residential neighborhood 100 feet from Piedmont Avenue, Oakland’s premier retail corridor, offering residents immediate access to boutique shops, acclaimed dining, and historical Oakland sites such as the Landmark Piedmont Theatre. 121 41st Street is also less than a 15-minute walk from Kaiser Permanente Oakland Medical Center, which operates approximately 345 beds with 1,400–1,500 full-time staff. With all units exceeding the average square footage of comparable Studios and One-Bedrooms in Oakland (Apartments.com), 121 41st Street presents a rare value-add opportunity in one of Oakland's most desirable submarkets, offering the potential to capture approximately 40% rental upside per unit and drive long-term income growth through strategic unit reconfigurations.
The subject property, built in 1974, features (27) residential units – (4) Studio units and (23) 1-Bedroom / 1-Bathroom units. All units offer spacious floor plans, a combination of carpet and vinyl flooring, and generous closet space. The property features on-site laundry facilities on each residential floor, each with one washer and dryer. Additional amenities include an elevator, covered parking, and rentable tenant storage. The parking garage has controlled access, and the main entryway features key entry and a call box.
The property boasts a best-in-class location, three doors down from Oakland’s premier retail corridor, featuring a potent mix of local and national retailers. Conveniences such as Piedmont Grocery, Peet’s Coffee, CVS Pharmacy, Wells Fargo, and 7-Eleven are all within a four-minute walk from the subject property. The Piedmont Avenue corridor also offers a range of local shopping and dining options, including Fenton’s Creamery (two blocks away), Blue Bottle Coffee, The Wolf, and more. With Kaiser Permanente Oakland Medical Center just half a mile away, Downtown Oakland a mile and a half from the property, and the MacArthur BART a 21-minute walk, residents benefit from exceptional walkable, bikeable, and driveable access to major amenities and employment centers.