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Better Homes Realty
OAKLAND, CA 94605
510-562-8600
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Listing 1 out of 500
$8,495,000 For Sale

482 40th St
Oakland, CA 94609

24 units | Multi Family Home
7405 sq ft - MLS# 40849972
Property Photo
1/18

Description

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 sizable property in one of the best locations possible, and to achievesignificant tax benefits, rental upside over time

Features

  • Property Type: Multi Family Home
  • Sub Type: Lowrise (1-3 Flrs)
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94609
  • Year Built: 1918
  • Age: 101
  • Subdivision/Neighborhood: Temescal
  • Sq.Ft.: 15,036 sq ft
  • Units: 24 units
  • Lot Size: 7405 sq ft
  • All Units Have: Refrigerator, Other
  • Annual License Exp: 816
  • Annual Maint Exp: 8400
  • Annual Mgmt Exp: 25012
  • Annual Rent Inc: 530909
  • Annual Taxes: 126968
  • Annual Util Exp: 24881
  • Annual Vacancy: 10618
  • Apx Lot Sq Ft: 7200
  • Cap Rate: 3.78%
  • Exterior: Stucco
  • Gross Income: $530,909
  • Heating: Gas
  • Net Oper Income: $320,858
  • Operating Expenses: Electric, Gas, Insurance, Maintenance/Repair, Management, Miscellaneous/Other, Property Tax/Assessments, Trash Removal, Water
  • Separate Meters: Electric
  • Some Units Have: Dishwasher, Disposal
  • Tenant Pays: Cable TV, Electric
  • Tot Ann Oper Exp: 199432
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Compass, Ben Weil


 Better Homes Realty | 510-562-8600 | Contact Us
5942 MacArthur Blvd. - OAKLAND, CA 94605
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