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522-526 40th St 522-526 40th St 8 Unit Apartment Building $1,650,000 ($206,250/Unit) 6.79% Cap Rate Oakland, CA 94609
Investment Highlights
- Outer Temescal location in one of Oakland’s most sought-after submarkets.
- Multiple units feature renovated kitchens and bathrooms, enhancing tenant appeal and potential rental income.
- Situated directly across from MacArthur BART station, offering exceptional transit accessibility.
- 2 Vacant Units
Executive Summary
522–526 40th Street offers an exceptional opportunity to acquire two well-maintained 4-unit buildings on separate parcels in Oakland’s desirable Temescal neighborhood. Priced together at $1,650,000, the property comprises eight units totaling approximately 5,272 square feet on ±0.16 acres.
With current occupancy at 75%, the property provides immediate income and significant value-add potential through lease-up and rent growth. The two buildings sit on separate parcels, offering buyers added flexibility in financing strategies.
Financial metrics—including Cap Rate and GRM—are calculated using six in-place rents and pro forma rents for the two current vacancies.
With current occupancy at 75%, the property provides immediate income and significant value-add potential through lease-up and rent growth. The two buildings sit on separate parcels, offering buyers added flexibility in financing strategies.
Financial metrics—including Cap Rate and GRM—are calculated using six in-place rents and pro forma rents for the two current vacancies.
Property Facts
| Price | $1,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $206,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.79% | Building Size | 5,272 SF |
| Gross Rent Multiplier | 9.37 | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | ||
| Zoning | R70, Oakland | ||
| Price | $1,650,000 |
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| Gross Rent Multiplier | 9.37 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,272 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1955 |
| Zoning | R70, Oakland |
Amenities
Unit Amenities
- Heating
- Tile Floors
- Hardwood Floors
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Gated
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $1,317 | - |
| 1+1 | 4 | $2,151 | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,093,646 | |
| Land Assessment | $468,704 | Total Assessment | $1,562,350 |
Property Taxes
Parcel Numbers
Land Assessment
$468,704
Improvements Assessment
$1,093,646
Total Assessment
$1,562,350
Contacts
-
Jacob Hoggatt -
Jack Markey -
Chuck Evans -
Matthews Real Estate Investment Services
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