715 40Th StOakland, CA 94609

Property Details for 715 40Th St

Year built

1934

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

11,037 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

12-962-27

APU

1296227

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,790,702

  6.5%

  $3,499,110

  7%

  $3,249,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,365,492

  Geo Method

  $4,771,411

• Alternative Use

  Use

  Valuation

  Residential

  $3,499,110

  Hospitality

  $3,205,166

  Educational

  $2,666,660

  Medical

  $2,758,371

  Retail

  $4,148,138

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8298

Longitude

-122.27

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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