488 41st St

Investment Overview

488 41st St features a well located fourplex in the heart of the Temescal neighborhood in Oakland, CA. The tastefully updated and well maintained property consists of three (3) 1-bedroom/1-bath, (1) 2-bedroom/1-bath and one (1) unpermitted studio ground floor unit by the garage. Per the county assessor, the total building area is 4,041 square feet including two storage lockers in the garage that are also currently rented. The 2-bedroom unit has undergone a full, meticulous renovation by the current ownership including new vinyl flooring, cabinets, quartz countertops and a new bathroom and vanity. The unit also features its own elevated walk out patio and in-unit washer/dryer. The other three (3) 1-bedroom units upstairs are clean and well maintained. A privacy fence encloses a lovely bricked patio area with a full backyard, tastefully landscaped with a new "zeroscape" trendy concept including a bocce ball court, dry rock creek and well maintained garden box. Fantastic opportunity for a first-time or seasoned investor, looking to build a portfolio. In addition, one (1) unit could be delivered vacant for an owner-user as well.

Investment Highlights

• Renovated, stabilized asset
• Great unit mix of studio, 1-bedroom and 2-bedroom units
• Ample garage storage, future income potential
• Great investment opportunity, with further upside through permitting 5th studio unit
• Great property for owner-user also, with one unit that can be delivered vacant
• Excellent Walk & Bike Score | Walk Score: 93, Bike Score: 96, Transit Score: 74
• Within 5 min walk to MacArthur BART Station, Whole Foods, Burma Superstar and Temescal Brewing
• Sewer lateral compliant