
Oakland, California 94609
This Stabilized Multifamily Asset represents a Prime Investment Opportunity with a List Price of $1,300,000—positioned well below the $1,334,626 Fair Market Value by 2%. This valuation gap offers $34,626 in Instant Equity for a turnkey property generating over $9,300 in monthly gross income. Boasting an Excellent Condition Rating with renovated kitchens and Gated Off-Street Parking, the property ensures high tenant retention near Oakland Technical High School. This high-demand acquisition is ideal for Buy-and-Hold Investors or Portfolio Managers seeking immediate ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 359 41st St Subject | $1,300,000* List Price | 0 | 0 | 3,539 | $377 | - |
A 719 35th St Sold | $925,000 | 0 | 0 | 0 | 0.8 mi | |
B 367 41st St Active | $1,300,000 List Price | 0 | 0 | 3,514 | $370 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1941, the property has undergone extensive recent renovations that meet modern quality standards. The kitchens are fully updated with shaker-style cabinetry, stone countertops, subway tile backsplashes, and stainless steel appliances. Bathrooms feature contemporary vanities and updated fixtures. The units include recessed lighting, fresh paint, and high-quality flooring throughout, indicating no deferred maintenance and a move-in-ready condition for high-end tenants.
Situated in the highly desirable Temescal neighborhood, the property benefits from a high-demand rental corridor with excellent walkability and proximity to BART and major employment hubs.
As a stabilized asset generating over $9,300 in gross monthly income, this quadruplex offers investors reliable day-one returns with the potential to capture market rent upside over time.
The inclusion of gated parking in the rear provides a significant competitive advantage in a dense urban area, directly supporting higher tenant retention and premium rental rates.
Constructed in 1941, the property may require ongoing capital expenditures for aging infrastructure and systems typical of older Oakland multifamily buildings.
The majority of assigned elementary and middle schools have low ratings (2/10), which may limit the property's appeal to a broader demographic despite its strong draw for young professionals.
To access the marketing package copy/paste: https://bit.ly/kitehillre. 359 41st Street represents a rare opportunity to acquire a stabilized, income-producing multifamily asset in Temescal — one of Oakland's most established and in-demand rental corridors. The property's four generously sized one-bedroom, one-bath units speak directly to the renter profile this neighborhood draws in abundance: young professionals, commuters, and long-term Oakland residents who value walkability, community, and convenience. With over $9,300 in gross monthly income already in place, an investor can step in with confidence knowing the asset is performing from day one — while still leaving room to push rents toward market over time as units turn. Beyond the income, the fundamentals are equally compelling. Gated off-street parking in the rear adds a tangible amenity advantage over the majority of competing rentals in the area — a detail that both attracts quality tenants and supports retention. Temescal's walkable, transit-oriented character, combined with direct access to BART and proximity to the employment centers of Oakland, Berkeley, and San Francisco, ensures a deep and consistent tenant demand pool that has historically kept vacancy low and rents on an upward trajectory.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,539 | 2,499 | 80% |
| Lot Size | 4,250 | 4,118 | 53% |
| Price | $1.30M | $750.0K | 87% |
| Price per sq ft | $367 | $286 | 60% |
| Built year | 1941 | 1918 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 169 | 13% |
Mar 22, 2026
$1,300,000
$1,350,000
-4% Price Drop
Initial Listing
Feb 21, 2026
$1,350,000
Initial Listing
Feb 10, 2000
$399,000
Public Record