646 42nd 4 Unit Apartment Building $1,643,688 CAD ($410,922 CAD/Unit) 4.78% Cap Rate Oakland, CA 94609

To access the marketing package copy/paste: https://bit.ly/kitehillre
- Seller Financing Available – Only 10% Down and 2% interest only: Rare opportunity to acquire a North Oakland multifamily asset with attractive seller financing terms and low down payment requirements.
- (4) Large & Bright 1 Bed / 1 Bath Units: Spacious unit layouts with abundant natural light designed to attract strong long-term tenancy.
- One Vacant Unit: Ideal opportunity for an owner-occupant or investor to immediately move in or lease at market rent.
- Prime Longfellow Neighborhood Location: Situated in one of North Oakland’s most desirable neighborhoods just blocks from MacArthur BART and minutes from Temescal, Emeryville, and Downtown Oakland.
- Strong Value-Add Potential: Existing rents remain below market, offering investors the opportunity to increase cash flow through targeted renovations and operational improvements.
- Excellent Accessibility & Lifestyle Appeal: Walk Score of 89, Transit Score of 74, and Bike Score of 99 make the property highly attractive to today’s urban renters.
- Strong Rental Demand: Close proximity to major employment centers, retail corridors, cafés, and restaurants supports long-term occupancy and rent growth.
- Ideal for Multiple Buyer Profiles: Perfect for 1031 exchange buyers, long-term investors, or owner-users seeking supplemental rental income in a high-demand market.
Seller financing is available with only 10% down and 2% interest only creating a rare opportunity for investors to acquire a well-located North Oakland asset with attractive leverage and long-term upside. Located in the highly desirable Longfellow neighborhood, 646 42nd Street consists of (4) large, bright 1-bedroom / 1-bathroom units designed to appeal to today’s renters seeking space, natural light, and urban convenience. One unit is currently vacant, providing immediate flexibility for an owner-occupant or investor to move in, renovate, or lease at market rent from day one.
646 42nd Street presents an exceptional multifamily investment opportunity in one of the East Bay’s most dynamic rental markets. The property is ideally positioned just blocks from MacArthur BART and minutes from Downtown Oakland, Temescal, and Emeryville, with easy access to popular cafés, restaurants, and boutique retail. This prime transit-oriented location consistently attracts professionals, creatives, and commuters seeking a walkable urban lifestyle. The property also offers meaningful value-add potential, with existing rents below market and opportunities for increased income through targeted renovations and operational improvements.
Longfellow’s strong Walk Score of 89, Transit Score of 74, and Bike Score of 99 underscore the neighborhood’s enduring appeal and renter demand. Combined with ongoing neighborhood revitalization and close proximity to major employment centers throughout Oakland, Emeryville, Berkeley, and San Francisco, 646 42nd Street is well-positioned for long-term appreciation and stable occupancy. Whether as a 1031 exchange replacement, owner-user opportunity, or strategic portfolio addition, the property represents a rare opportunity to acquire a well-located, income-producing asset in one of Oakland’s most sought-after neighborhoods.