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709 40th Street

Oakland, CA 94609
  • $1,300,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 422649056
UPDATED: 23 min ago
$1,300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,830
    SQFT
  • $339
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

709 40Th St is a large, pride of ownership, renovated 4-plex with a newly constructed accessory structure centrally located in the Longfellow Neighborhood of Oakland, CA. The 3,362* SF main structure was built in 1924 & the 468 SF* accessory structure was built in 2016. The buildings are situated on a 5,000 SF* lot along 40th St in between MLK Jr. Wy & West St. The Property features a unit mix of 4 large 1-bed, 1-bath units & 1 newly constructed accessory structure that acts as a commercial studio. All 4 residential units have undergone significant upgrades including updated kitchens that feature modern shaker cabinets, stone countertops & dishwashers as well as updated bathrooms with modern vanities and stone countertops. The accessory structure features vaulted ceilings with skylights, polished concrete floors, & a bathroom with unique tile walls and a standing shower. In-place income is solid at $91,20 per year & provides potential to increase NOI by nearly 99%

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© 2022 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated 2022-05-24T12:20:25.543.
www.sfhothomes.com/homes/127723429
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709 40th Street Oakland, CA 94609

  • Price: $1,300,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 23 min ago
  • MLS #: 422649056
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,830
SQFT
$339
$/SQFT
1924
Built
Neighborhood:
Oakland Zip 94609
County:
Alameda
Area:
Oakland Zip 94609
Property Description
709 40Th St is a large, pride of ownership, renovated 4-plex with a newly constructed accessory structure centrally located in the Longfellow Neighborhood of Oakland, CA. The 3,362* SF main structure was built in 1924 & the 468 SF* accessory structure was built in 2016. The buildings are situated on a 5,000 SF* lot along 40th St in between MLK Jr. Wy & West St. The Property features a unit mix of 4 large 1-bed, 1-bath units & 1 newly constructed accessory structure that acts as a commercial studio. All 4 residential units have undergone significant upgrades including updated kitchens that feature modern shaker cabinets, stone countertops & dishwashers as well as updated bathrooms with modern vanities and stone countertops. The accessory structure features vaulted ceilings with skylights, polished concrete floors, & a bathroom with unique tile walls and a standing shower. In-place income is solid at $91,20 per year & provides potential to increase NOI by nearly 99%
Exterior Features

Construction Materials FrameLap SidingWood Foundation Details Concreteperimeter Independent Parking Spaces 4 Lot Features Curb(S)Curbs/GuttersShape RegularNone Parking Features Off StreetUncovered Parking Total 4 Roof BitumenFlat Tandem Parking Spaces 0

Interior Features

Appliances DishwasherDisposalFree Standing FreezerFree Standing Gas OvenFree Standing Gas RangeFree Standing RefrigeratorGas Cook TopGas Water HeaterMicrowaveTankless Water HeaterVaries By Unit Flooring TileWood Heating GasWall Furnace Laundry Features In Common Area Rooms Total 16 Unit1 Approx Sq Ft 825 Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1of Rooms 4 Unit2 Approx Sq Ft 825 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2of Rooms 4 Unit3 Approx Sq Ft 825 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3of Rooms 4 Unit4 Approx Sq Ft 825 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4of Rooms 4

Property Features

1 Bedroom Rent Range 500-2050 Cap Rate 7.02 Lease Terms Varies By Unit Listing Terms 0 Number Of Units Vacant 0 Other Units Detached Cottage Property Sub Type Quadruplex Security Features Secured AccessSecurity FenceSecurity Gate Separate Meters ElectricityGasVaries By Unit Special Listing Conditions None Subtype Description ApartmentsFlatsGarden Apartments Tenant Pays ElectricityGas Unit Type Commercial Units Total 1 Unit Type Studio Units Total 0 Unit Type1 Bedroom Units Total 4 Unit Type2 Bedroom Units Total 0 Unit Type3 Bedroom Units Total 0 Unit Type4 Bedroom Units Total 0 Unit1 Identification 1 Unit1 Rent 500 Unit1 Type Flat Unit2 Identification 2 Unit2 Rent 1800 Unit2 Rent1 2050 Unit2 Type Flat Unit3 Identification 3 Unit3 Type Flat Unit4 Identification 4 Unit4 Rent 2050 Unit4 Type Flat

Listing provided courtesy of Keith Manson of Cbre.


© 2022 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated 2022-05-24T12:20:25.543.
 
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EXP Realty
75 Broadway Suite #202
San Francisco CA, 94111