Details
-
Property Type Apartments
-
Price $1,650,000
-
Units 8
-
Year Built 1955
-
Building SF 5,272
-
Per Unit $206,250
-
Per SF $313
-
Cap Rate 6.8%
-
Land SF 6,970
-
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.
Walk Score
Loan Calculator
-
Down Payment
-
Loan Amount
-
Monthly Loan Payment
Inquire About This Property
Similar Properties
2100 51st Ave, Oakland, CA 94601
Alameda County- Apartments
- 18 Units
- $122,167 Per Unit
- $154 Per SF
- 10.9% Cap Rate
1612 Parker St, Berkeley, CA 94703
Alameda County- Apartments
- 8 Units
- $343,750 Per Unit
- $350 Per SF
- 7.9% Cap Rate
2477 Virginia St, Berkeley, CA 94709
Alameda County- Apartments
- 24 Units
- $318,750 Per Unit
- $298 Per SF
- 4.8% Cap Rate
© 2025 Domain CRE. All rights reserved. Marketplace information comes from multiple sources believed reliable but not guaranteed, including MLSListings, public records, and other authorized providers. For personal, non-commercial use only. Unauthorized use, copying, or reproduction is prohibited. Listings are provided “as is” without warranty. Domain CRE complies with all applicable fair housing laws. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy.
- Adam Stiles
