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33543312
33543322

476 42nd Street, Oakland, CA 94609

SR
CA CA 01977683
Marcus & Millichap - San Francisco
PB
CA CA01873218
Marcus & Millichap - San Francisco
EC
CA 02216111
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$1,650,000
6 days on market
Updated 6 days ago

476 42nd Street

Details
Property Type Multifamily
Square Footage 3,600
Net Rentable (SqFt) 3,600
Units 4
Cap Rate 4.09%
NOI $67,456
Occupancy 100%
Pro-Forma Cap Rate 5.37%
Pro-Forma NOI $88,583
Price per SqFt $458
Class C
Year Built 1941
Buildings 1
Lot Size (SqFt) 5,662
Zoning RM-4
Parking Spaces spaces
Sale Condition N/A

Well Maintained 4-Plex in an Excellend Location

Marketing description

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.

Listing Contacts

SR
CA CA 01977683
Marcus & Millichap - San Francisco
PB
CA CA01873218
Marcus & Millichap - San Francisco
EC
CA 02216111
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,456.00
$5,621.33/mo

Valuation Metrics

0
DSCR
4.09%
Cap Rate
4.09%
ROI

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Additional Information

Name
Sam Runco
License
CA 01977683
Name
Philip Batlin
License
CA01873218
Name
EJ Cheung
License
02216111
Brokerage
Marcus & Millichap
Brokerage Address
750 Battery Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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