4045 4045 Manila Ave, Oakland, California 94609, Oakland, 94609 - bed, bath

4045 4045 Manila Ave, Oakland, California 94609 home-pic-0

4045 4045 Manila Ave

Oakland, California 94609

ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,550Sq Ft
4,000Lot Size

Property Price

LIST PRICE$1,475,000

SUMMARY

Analysis of 4045 4045 Manila Ave, Oakland, California 94609 is currently available with a list price of $1,475,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Oakland Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • Owner-Occupant Opportunity

    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.

  • Strong Investment Fundamentals

    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.

  • Exceptional Curb Appeal

    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.

CONSRISKS & DEFICIENCIES

  • Tenant-Occupied Limitations

    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.

  • Low Local School Ratings

    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.

About 4045 4045 Manila Ave

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.

Property Details

Public Facts

Property Type
Quadruplex
Year Built
1916
Lot Size
4,000 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Oakland Unified Schools

Emerson Elementary School

Grades K-5 • 0.4 mi

2/10

Piedmont Avenue Elementary School

Grades K-5 • 0.5 mi

2/10

Westlake Middle School

Grades 6-8 • 1.0 mi

2/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot3,550-
87%
Lot Size4,0004,368
27%
Price$1.48M$750.0K
87%
Price per sq ft$415$0
80%
Built year19161918
47%
HOA$0$0
50%
Days on market14149
7%

Pricing History

Listed for Sale

Feb 21, 2026

$1,475,000

Initial Listing

Sold

Feb 25, 2000

$399,000

Public Record

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