476 42nd Street, Oakland, California 94609, Oakland, 94609 - 0 bed, 0 bath
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Oakland, California 94609
This Quadruplex Residential Income asset is a High-Potential Investment Opportunity, listed at $1,650,000—positioned well above the $1,382,588 Fair Market Value by -19%. Despite the premium, the property features a Condition Rating of 3, bolstered by extensive capital improvements including seismic retrofitting, new water lines, and a majority roof replacement. With individualized utilities and in-unit laundry, this transit-oriented asset near MacArthur BART offers stable rental demand. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a low-maintenance, income-generating portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 476 42nd Street Subject | $1,650,000* List Price | 0 | 0 | 3,780 | $376 | - |
A 367 41st St Sold | $1,200,000 | 0 | 0 | 3,514 | $341 | 0.3 mi |
B 359 41st St Sold | $1,200,000 | 0 | 0 | 3,539 | $339 | 0.3 mi |
C 4045 4045 Manila Ave Sold | $1,200,000 | 0 | 0 | 3,550 | $338 | 0.3 mi |
D 707 Aileen St Sold | $1,260,000 | 0 | 0 | 3,408 | $370 | 0.8 mi |
E 532 42nd St Sold | $1,267,500 | 0 | 0 | 2,850 | $445 | 0.1 mi |
F 2832 Summit St Active | $1,470,000 List Price | 0 | 0 | 3,656 | $402 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1941, it has undergone extensive recent capital improvements to major systems including seismic retrofitting, full sewer lateral replacement, new water lines, and a majority roof replacement. The interiors are well-maintained and move-in ready with updated windows and bathroom vanities, though the kitchens retain a functional but dated vintage aesthetic.
The property features significant upgrades including seismic retrofitting, full sewer lateral replacement, and a majority roof replacement, significantly reducing immediate deferred maintenance costs for the investor.
Situated less than half a mile from MacArthur BART and steps from Telegraph Avenue’s dining and retail, the property is ideally positioned for high tenant demand and long-term occupancy.
Each unit operates independently with its own water heater, furnace, and in-unit laundry hookups, minimizing landlord utility expenses and enhancing the tenant experience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5662, other record lot size in square feet = 5865.
The local elementary schools carry a rating of 2/10, which may be a deterrent for certain tenant demographics and could impact long-term property appreciation.
The building consists exclusively of one-bedroom units, which restricts the potential tenant pool to individuals or couples and lacks the flexibility of multi-bedroom layouts.
476 42nd Street offers four spacious one-bedroom, one-bathroom units of approximately 900 square feet each, all on a 5,865 square foot lot with a private enclosed garage for every unit at the rear of the building. The current owner has made extensive capital improvements throughout her tenure, including a seismic sill bolt, full sewer lateral replacement, all-new water lines and shut offs, new water heaters for every unit, a new furnace in Unit B, and a majority roof replacement. Multiple windows have been replaced, the rear staircase rebuilt, perimeter fencing upgraded, and new metal gates installed at both entries. Interior updates include bathroom vanities, miscellaneous plumbing and electrical work, and fresh exterior paint throughout. Each unit operates fully independently with its own water heater and furnace. Multiple units feature in-unit laundry washer and dryer in Units A and D, washer in Unit B, and a dryer hookup and vent in Unit C. With MacArthur BART less than half a mile away and Telegraph Avenue's restaurants and shops just steps from the front door, this is the kind of asset tenants stay in and investors hold onto.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,780 | 2,547 |
| Lot Size | 5,662 | 4,475 |
| Price | $1.65M | $860.2K |
| Price per sq ft | $437 | $344 |
| Built year | 1941 | 1920 |
| HOA | $0 | $0 |
| Days on market | 40 | 56 |
Jun 12, 2026
$1,650,000
Initial Listing
Mar 30, 2018
$1,467,000
Public Record
Oct 26, 2001
$700,000
Public Record