715 40Th StOakland, CA 94609

This 18-unit apartment building, located at 715 40th St, Oakland, CA 94609, presents a compelling investment opportunity. Built in 1934, this three-story building boasts 11,037 square feet on a 5,000 square foot lot (APN 12-962-27). The asking price is $2,700,000, representing a price per unit of $150,000 and a price per square foot of $244. The property enjoys a strong net operating income (NOI) of $190,669, translating to a 7.10% cap rate. Features include a newer roof, dual-pane windows, and charming period details from the 1930s. On-site laundry is included. Multiple legacy tenants offer significant upside potential for rental income. Ideally situated in Oakland's Longview neighborhood, near the Temescal/West Oakland area, this property benefits from its proximity to MacArthur BART station, boasting a Walk Score of 90 and a Bike Score of 99. Tenants enjoy easy access to numerous local restaurants, Highway 24/580, and tech shuttle stops. This central Bay Area location offers exceptional convenience and strong tenant demand. The property's strong financial performance, combined with its desirable location and features, makes it an attractive investment prospect.