476 42nd St 4 Unit Apartment Building $1,650,000 ($412,500/Unit) 4.09% Cap Rate Oakland, CA 94609

The Batlin Group is pleased to present a well-maintained fourplex in the highly sought-after Temescal neighborhood. 476 42nd Street offers four spacious one-bedroom, one-bathroom units of approximately 900 square feet each, set on a 5,662 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. 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. Spacious one-bedroom floor plans of roughly 900 square feet are increasingly scarce in Temescal, where newer construction skews toward compact studios and junior units. The generous layouts, independent systems, and a private garage for every unit give 476 42nd Street a durable edge with long-tenured renters who value space, storage, and a true parking spot.
The asset also carries meaningful long-term upside. Its 5,662 square foot lot is among the larger parcels on the block, and California's accessory dwelling unit statutes may allow additional units at the rear, subject to City of Oakland approval, giving a future owner a clear path to grow income beyond the in-place rents.