709 40th Street

Oakland, CA 94609

$1,100,000
Price
4
Beds
4
Baths
3,362 Sq. Ft.
$327 / Sq. Ft.
3,362
Sq. Ft.
$327
per Sq. Ft.

Description

Located just 7 minutes from Downtown, Oakland’s 709 40th Street is an exciting investment opportunity that will cater to someone seeking to own as well as occupy. A fourplex by design (4, 1BR/1BA) but enhanced with a studio cottage in the rear, this will be an ideal situation for someone who desires one-bedroom living with an additional space out back for an office or workshop. Three of the units will be delivered occupied with stable tenants, and any future vacancies should be short-lived thanks...Located just 7 minutes from Downtown, Oakland’s 709 40th Street is an exciting investment opportunity that will cater to someone seeking to own as well as occupy. A fourplex by design (4, 1BR/1BA) but enhanced with a studio cottage in the rear, this will be an ideal situation for someone who desires one-bedroom living with an additional space out back for an office or workshop. Three of the units will be delivered occupied with stable tenants, and any future vacancies should be short-lived thanks to nearby employers such as Pixar and Kaiser Permanente. Onsite laundry facilities are shared, as are the 3-car parking pad and gated entryway. The convenience and livability of this location can’t be overstated: not only is it .5 blocks from MacArthur BART, but it’s less than 10-minutes from both Emeryville’s Bay Street (Ikea, Safeway, Trader Joe’s, etc.) and Oakland’s popular Piedmont Avenue (Blue Bottle Coffee, Barney’s, Fentons Creamery, etc.).
  1. Listed by Joey Wang • DRE #01890931 • Keller Williams Realty

Property Details for 709 40th Street

City
OAKLAND
Dist Neighborhood Subdiv
TEMESCAL
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Parking Area
Park Spaces Total
3

Location

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931
Add your commute
LISTING UPDATED: 05/22/2024 01:19 AM

Property Details for 709 40th Street

StatusActive
MLS #41059836
Days on Compass17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1924
Lot Size0.11 AC / 5,000 SF
CountyAlameda County

Location

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931
Add your commute

Building Information for 709 40th Street

Stories-Residences4Year Built1924Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$6,900 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$897

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 709 40th Street

Features
Feature Details
  • Flooring: Hardwood Floors, Tile, Vinyl
  • Laundry: Common Room, Dryer, Gas Dryer Hookup, Washer
Utility Details
  • Cooling: Window/Wall Unit(s)
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Carbon Mon Detector, Individual Electric Meter, Individual Gas Meter, Security Gate, Smoke Detector, Tankless Water Heater, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Level, Paved
  • Lot Sq Ft Apx: 5000
  • Lot Size Square Feet: 5000.0
  • Roof: Flat
  • Sq Ft Apx: 3362
  • Yard Description: Back Yard, Deck(s), Fenced, Patio Enclosed
  • Year Built: 1924
  • Zoning: RM-4
  • Acres: 0.12
Location Details
  • Directions to Property: West St to 40th St.
  • FIPS Code: 06001
  • Census Tract: 4010.00
  • Parcel Number: 12-962-28
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 4
  • Basement: None
  • Parking Description: Parking Area, Uncovered Parking Space
  • Separate Meters: Electric, Gas
  • Existing Lease Terms: Month to Month, Written Agreement
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Estimated, Owner, Projected
Income / Expense Details
  • Annual Gross Sched Income: $107,364
  • Operating Expenses: Electric, Garbage Collection, Gas, Insurance, Property Tax/Assessments, Water
Unit 1 Details
  • Unit #/Address - 1: 1
  • Occupied By 1: Tenant
  • Bedrooms 1: 1
  • Bathrooms 1: 1
  • Apx Sq Ft 1: 800
  • Rent 1: 500
Unit 2 Details
  • Unit #/Address - 2: 2
  • Occupied By 2: Vacant
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Apx Sq Ft 2: 800
  • Rent 2: 2350est
Unit 3 Details
  • Unit #/Address - 3: 3
  • Occupied By 3: Tenant
  • Bedrooms 3: 1
  • Bathrooms 3: 1
  • Apx Sq Ft 3: 800
  • Rent 3: 2111
Unit 4 Details
  • Unit #/Address - 4: 4
  • Occupied By 4: Tenant
  • Bedrooms 4: 1
  • Bathrooms 4: 1
  • Apx Sq Ft 4: 800
  • Rent 4: 2111
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: None
Additional Information
Additional Information
  • Fireplace: No

Property History for 709 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 709 40th Street

Taxable ValueLand$143,310Additions$369,194Total$512,504
Tax Record2023$10,761 ($897 / month)
Home Facts
Total Finished SqFt3,362 SqFtAbove Grade Finished SqFt3,362 SqFtStories2Lot Size5,000 SqFtStyleQuadraplexYear Built1924Year Renovated1926CountyALAMEDAAPN12-962-28

Schools near 709 40th Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Emerson Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Mcclymonds High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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709 40th Street is a multi-family home for sale in Oakland, CA 94609. This property was listed for sale on May 15, 2024 by Keller Williams Realty, it's currently listed at $1,100,000. It has been on the market for a total of 17 days and was last sold on March 23, 2012. This listing's school district is Oakland Unified School District. Nearby schools include Emerson Elementary School, Westlake Middle School and Mcclymonds High School. 709 40th Street is a 4-bed, 4-bath, 3,362 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.