367 41st St 4 Unit Apartment Building Offered at $1,350,000 at a 5.18% Cap Rate Oakland, CA 94609

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- Portfolio Sale — 12 Units Across 3 Properties — Offered alongside 359 41st St and 4045 Manila Ave; acquire one or all three. The full portfolio delivers scale while keeping each asset individually manageable.
- 4 Large 1-Bed / 1-Bath Units — All units feature generously sized floor plans, above-average for the unit type, supporting strong rental demand and low vacancy in the Temescal submarket.
- 100% Occupied — Stable, in-place cash flow from day one with a well-tenanted building; rents have room to grow to market as units turn, offering meaningful upside for a long-term hold.
- Value-Add Upside in Place — Many units have already been updated, reducing near-term capex exposure while leaving remaining units as an opportunity to renovate and push rents at turnover.
- Desirable Amenities That Retain Tenants — Off-street parking, private garages, and on-site coin laundry are high-demand features that reduce turnover and give this property a competitive edge over comparables.
- Prime Temescal Location — Walking distance to Broadway, Telegraph Ave, Temescal Alley, Piedmont Ave and MacArthur BART; one of Oakland's tightest and most in-demand rental corridors with strong employment access and neighborhood amenities.
- Residential Financing Eligible on the Full Portfolio — At 12 units across 3 separate 4-unit buildings, a buyer can finance each property with conventional residential loans rather than commercial financing.
367 41st St is a 4-unit apartment building in Oakland's Temescal neighborhood, offered as part of a 12-unit portfolio alongside 359 41st St and 4045 Manila Ave. The three properties can be acquired individually or together, delivering meaningful scale while keeping each asset separately manageable and financeable.
The building is 100% occupied with all four units featuring large 1-bedroom, 1-bath floor plans — generously sized for the unit type and well above what's typical in the submarket. In-place rents are stable with room to grow to market as units turn, and with many units already updated, near-term capital expenditure exposure is limited. Remaining unrenovated units represent a clear path to push rents further at turnover, giving the next owner both immediate cash flow and a credible value-add strategy.
The property comes with off-street parking, private garages, and on-site coin laundry — amenities that drive tenant retention and differentiate the building from competing rentals in the area. Its location puts tenants within walking distance of Broadway, Telegraph Avenue, Temescal Alley, Piedmont Avenue, and MacArthur BART, keeping vacancy low and demand consistent.
For buyers considering the full portfolio, the structure creates a rare financing advantage: at 12 units spread across three separate 4-unit buildings, each property qualifies for conventional residential financing rather than commercial loans — unlocking longer amortization, no balloon payments, lower down payment requirements, and simpler qualification. It's an uncommon opportunity to acquire institutional-scale income at terms typically reserved for smaller investors.