Details
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Property Type Apartments
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Price $1,650,000
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Units 8
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Year Built 1955
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Building SF 5,272
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Per Unit $206,250
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Per SF $313
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Cap Rate 6.8%
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Land SF 6,970
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Listing Broker Matthews Real Estate Investment Services, Jacob Hoggatt, DRE #2246975
Agent Notes
Outer Temescal location in one of Oakland’s most sought-after submarkets.
Situated directly across from MacArthur BART station, offering exceptional transit accessibility.
Multiple units feature renovated kitchens and bathrooms, enhancing tenant appeal and potential rental income.
2 Vacant Units
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.
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