482 40th St
Oakland, CA 94609
Prime Temescal Location W/ Major improvements · Multifamily Property For Sale
·
24 Units
Property Facts
| No. Units | 24 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 15,036 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1918/2018 |
| Zoning | R-70, Oakland | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 15,036 SF |
| Average Occupancy | 87% |
| No. Stories | 3 |
| Year Built/Renovated | 1918/2018 |
| Zoning | R-70, Oakland |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Window Coverings
Site Amenities
- Controlled Access
About 482 40TH ST , OAKLAND, CA 94609
482 40th Street is a charming 24-unit building located in the heart of the Temescal, one of the most desirable neighborhoods in Oakland. The property enjoys an irreplaceable location, located just steps away from shops, restaurants and BART. In the past two years the property has received extensive capital improvements throughout, including a brand new steel reinforced concrete foundation system with new sheered cripple walls, new j-bolted mudsills and 160 steel reinforced concrete piers. Additional upgrades at the property include a new boiler system with water pump and new electrical components, electrical upgrades in various units and common areas throughout the building and new landscaping/hardscaping with upgraded drainage and grading around the exterior of the property. Tenants can enjoy the bike lanes and the easy access to BART and public transportation. This is a rare opportunity to own a sizable property in one of the best locations possible, and to achieve significant tax benefits and rental upside over time.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 6 | - | - |
| 1+1 | 6 | - | - |
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 012-1011-016-00 | Improvements Assessment | $5,694,741 |
| Land Assessment | $2,464,261 | Total Assessment | $8,169,122 |
Property Taxes
