482 40th Street

482 40th Street

Oakland, CA
Oakland
24
$8,495,000

482 40th Street is a charming 24-unit building located in the heart of the Temescal, one of the most desirable neighborhoods in Oakland. The property enjoys an irreplaceable location, located just steps away from shops, restaurants and BART. In the past two years the property has received extensive capital improvements throughout, including a brand new steel reinforced concrete foundation system with new sheered cripple walls, new j-bolted mudsills and 160 steel reinforced concrete piers. Additional upgrades at the property include a new boiler system with water pump and new electrical components, electrical upgrades in various units and common areas throughout the building and new landscaping/hardscaping with upgraded drainage and grading around the exterior of the property. Tenants can enjoy the bike lanes and the easy access to BART and public transportation. This is a rare opportunity to own a sizable property in one of the best locations possible, and to achieve significant tax benefits and rental upside over time.