359 41st Street
- Portfolio Opportunity: Available individually or as part of a three-property package alongside 367 41st St and 4045 Manila Ave — a rare chance to acquire scale in one of the East Bay's most investment-proven neighborhoods.
- Generous Unit Mix: All four units are spacious one-bedroom, one-bath layouts, a proven floor plan that attracts long-term, quality tenants in Temescal's competitive rental market.
- Strong In-Place Income: The property generates over $9,300 in gross monthly revenue, offering immediate, reliable cash flow from day one with room to grow rents to market over time.
- Coveted Off-Street Parking: Gated parking in the rear is a rare and highly valued amenity in this walkable, urban neighborhood, giving this asset a meaningful edge over competing rentals.
- Prime Temescal Location: Situated in one of Oakland's most resilient and sought-after submarkets, with walkable access to restaurants, retail, and the cultural amenities that keep vacancy low and demand high.
- Transit & Employment Access: Close proximity to BART and major employment corridors throughout Oakland, Berkeley, and San Francisco makes this property attractive to a deep and diverse tenant pool.
- Supply-Constrained Market Dynamics: Limited new multifamily development in Temescal continues to support long-term rental stability and upward pressure on rents, protecting the asset's income potential.
Property Description
359 41st Street represents a rare opportunity to acquire a stabilized, income-producing multifamily asset in Temescal — one of Oakland's most established and in-demand rental corridors. The property's four generously sized one-bedroom, one-bath units speak directly to the renter profile this neighborhood draws in abundance: young professionals, commuters, and long-term Oakland residents who value walkability, community, and convenience. With over $9,300 in gross monthly income already in place, an investor can step in with confidence knowing the asset is performing from day one — while still leaving room to push rents toward market over time as units turn. Beyond the income, the fundamentals are equally compelling. Gated off-street parking in the rear adds a tangible amenity advantage over the majority of competing rentals in the area — a detail that both attracts quality tenants and supports retention. Temescal's walkable, transit-oriented character, combined with direct access to BART and proximity to the employment centers of Oakland, Berkeley, and San Francisco, ensures a deep and consistent tenant demand pool that has historically kept vacancy low and rents on an upward trajectory. This is also far more than a single-asset play. 359 41st Street is available individually or as part of a compelling three-property portfolio alongside 367 41st St and 4045 Manila Ave — all owned by the same seller, all located within close proximity. For an investor looking to establish or meaningfully expand a presence in one of the East Bay's most resilient submarkets, the portfolio offering represents the kind of concentrated, high-quality scale that rarely comes to market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,300,000 |
| No. of Units: | 4 |
| Year Built: | 1941 |
| Lot Size: | 0.10 Acres |
| Opportunity Zone: | No |
| Price per unit: | $325,000 |
| Property Website | Click Here |
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