4045 Manila Ave 4 Unit Apartment Building $1,475,000 ($368,750/Unit) 4.62% Cap Rate Oakland, CA 94609

To access the marketing package copy/paste: https://bit.ly/kitehillre.
Open House Schedule
Wednesday, Feb 25, 2026 | 12PM - 1PM
- Rare Owner-Occupant Opportunity — One vacant, fully renovated unit is move-in ready for an owner-occupant, while three tenanted units generate over $6,300/month — letting the property pay for itself while you live on-site
- Part of a 12-Unit Portfolio — Available individually or alongside 367 41st St and 359 41st St; the full portfolio qualifies for conventional residential financing — longer amortization, no balloon payments, and simpler qualification at a scale where that's rarely possible
- Completely Updated with Modern Finishes — The vacant unit has been thoroughly renovated with high-end finishes and new appliances throughout, offering a turnkey living experience with nothing left to do
- Exceptional Curb Appeal — Beautifully landscaped front yard with striking palm trees and manicured artificial grass gives the building a polished, distinctive street presence that stands out from the moment you arrive
- Flooded with Natural Light — Generous natural light throughout creates a warm, bright living environment well beyond what's typical for a multi-unit building
4 Units, All 1-Bed / 1-Bath — Ideal unit mix for stable rental demand; fully occupied income reaches $9,000/month with strong potential for future rent growth as units turn
- Separately Metered Utilities — Low operating costs and efficient management with utilities separately metered, keeping expenses in check and NOI strong
- Prime Temescal Location — Walking distance to Telegraph Avenue, Temescal Alley, Piedmont Ave, Broadway, and MacArthur BART; one of Oakland's most walkable and in-demand rental corridors
4045 Manila Ave is one of those rare multi-family properties that works equally well as a primary residence and an investment. A vacant, fully renovated unit is move-in ready for an owner-occupant, while three tenanted units generate over $6,300 per month — effectively letting the building pay for itself while you live on-site. The vacant unit has been completely updated with high-end finishes and new appliances throughout, and is flooded with natural light that gives the space a warmth and livability that's genuinely hard to find in a multi-unit building. From the moment you arrive, the property makes an impression — beautifully landscaped with striking palm trees and manicured artificial grass, the curb appeal here is exceptional and sets it apart from anything else on the block. The fundamentals are equally strong for a pure investor. All four units are 1-bedroom / 1-bath layouts — an ideal mix for consistent tenant demand — with fully occupied income reaching $9,000 per month and meaningful upside as rents grow to market at turnover. Utilities are separately metered, keeping operating costs low and NOI healthy with minimal management complexity.