
Oakland, California 94609
This Turnkey Quadruplex Investment is a Prime Investment Opportunity listed at $1,425,000—positioned well below the $1,475,000 Fair Market Value by 3%. This valuation gap provides $50,000 in Instant Equity. Boasting a Condition Rating of 2, the property features a renovated vacant unit with high-end finishes and three tenanted units yielding $9,000 in projected monthly income. Located in the desirable Temescal neighborhood near Oakland Technical High School, it balances immediate cash flow with long-term appreciation. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4045 4045 Manila Ave Subject | $1,425,000* List Price | 0 | 0 | 3,550 | $415 | - |
A 3830 Clarke St Sold | $1,100,000 | 0 | 0 | 2,298 | $479 | 0.3 mi |
B 359 41st St Active | $1,300,000 List Price | 0 | 0 | 3,539 | $367 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1916, the property has undergone an extensive recent renovation. The vacant unit features high-end finishes including a modern kitchen with stainless steel appliances, quartz countertops, and shaker cabinetry. The interior is updated with wide-plank flooring, recessed lighting, and contemporary bathroom tiling and fixtures. The exterior shows exceptional curb appeal with new landscaping and artificial turf, indicating a full modernization of the property's key components.
The property features a vacant, fully renovated unit with high-end finishes, allowing an owner to move in immediately while the three tenanted units offset the mortgage.
With separately metered utilities and a projected gross income of $9,000 per month, the building offers a healthy Net Operating Income and significant rental upside as units turn over.
The exterior is professionally landscaped with striking palm trees and manicured artificial grass, providing a premium aesthetic that distinguishes it from other multi-family assets in the neighborhood.
With three units currently occupied, a new owner may face challenges navigating Oakland's rent control regulations to bring the entire building to market-rate rents.
The assigned elementary and middle schools carry low ratings (2/10), which may deter some long-term owner-occupants despite the high-quality interior renovations.
To access the marketing package copy/paste: https://bit.ly/kitehillre. 4045 Manila Ave is one of those rare multi-family properties that works equally well as a primary residence and an investment. A vacant, fully renovated unit is move-in ready for an owner-occupant, while three tenanted units generate over $6,300 per month — effectively letting the building pay for itself while you live on-site. The vacant unit has been completely updated with high-end finishes and new appliances throughout, and is flooded with natural light that gives the space a warmth and livability that's genuinely hard to find in a multi-unit building. From the moment you arrive, the property makes an impression — beautifully landscaped with striking palm trees and manicured artificial grass, the curb appeal here is exceptional and sets it apart from anything else on the block. The fundamentals are equally strong for a pure investor. All four units are 1-bedroom / 1-bath layouts — an ideal mix for consistent tenant demand — with fully occupied income reaching $9,000 per month and meaningful upside as rents grow to market at turnover. Utilities are separately metered, keeping operating costs low and NOI healthy with minimal management complexity.
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 | 3,550 | 2,499 | 80% |
| Lot Size | 4,000 | 4,099 | 40% |
| Price | $1.43M | $750.0K | 93% |
| Price per sq ft | $401 | $286 | 67% |
| Built year | 1916 | 1918 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 169 | 13% |
Mar 22, 2026
$1,425,000
$1,475,000
-3% Price Drop
Initial Listing
Feb 21, 2026
$1,475,000
Initial Listing
Feb 25, 2000
$399,000
Public Record