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

4045 4045 Manila Ave
Oakland, California 94609
Property Price
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
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
Piedmont Avenue Elementary School
Grades K-5 • 0.5 mi
Westlake Middle School
Grades 6-8 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,550 | - | 87% |
| Lot Size | 4,000 | 4,368 | 27% |
| Price | $1.48M | $750.0K | 87% |
| Price per sq ft | $415 | $0 | 80% |
| Built year | 1916 | 1918 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 149 | 7% |
Pricing History
Listed for Sale
Feb 21, 2026
$1,475,000
Initial Listing
Sold
Feb 25, 2000
$399,000
Public Record



























