Log In/Sign Up
Your email has been sent.
522-526 40th St 522-526 40th St 8 Unit Apartment Building $2,282,593 CAD ($285,324 CAD/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 | $2,282,593 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $285,324 CAD | 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 | $2,282,593 CAD |
| Price Per Unit | $285,324 CAD |
| 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 | $1,821 CAD | - |
| 1+1 | 4 | $2,975 CAD | - |
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 | $1,532,143 CAD | |
| Land Assessment | $656,631 CAD | Total Assessment | $2,188,774 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$656,631 CAD
Improvements Assessment
$1,532,143 CAD
Total Assessment
$2,188,774 CAD
CONTACTS
-
Jacob Hoggatt -
Jack Markey -
Chuck Evans -
Matthews Real Estate Investment Services
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
522-526 40th St | 522-526 40th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.