670-674 41st Street
$1,549,000 | Sold $1,635,000
670-674 41st Street, Oakland 94609
6,875 SF Lot
About 670-674 41st Street
4 VACANT units consisting of 2 houses and 4 dedicated parking spots. The opportunities are vast with this flexible 4 unit building. Great for owner occupant or investor looking to build up their renter portfolios with market rents.
Additionally, owner/occupants can turn the entire place into a family or co-living compound. The back house was once a single family dwelling, so it's possible to combine 674A and B into a larger living space for an owner occupant. Buyer could investigate whether it's possible to add ADUs. Owner upgrades include kitchens, baths and windows. Multiple outdoor spaces complete the picture and make this a truly unique gem. This centrally located property is 2 blocks to BART and easy access to freeways and within 5 or 10 minutes to some of the best restaurants, coffee houses and nightlife in Oakland.
Features & Updates
- Bldg sq feet: 2900
- Lot: 6875
- Price per sq ft: $534
- Price per unit: $387,250
- Cap Rate: 5.7%
- NOI: $86,413
- GRM: 12.4
- Year Built: 1928
- Upgrades: 2 new kitchens, 3 new bathrooms, new windows, 2 units w/ laundry in unit, new fencing
- Outdoor Space: 2 separate private spaces
- Parking: 4-6
- Zoning: Quad 4plex
- Market: Longfellow
- Neighborhood: 2 blocks from MacArthur BART
Take a Tour of 670-674 41st Street
North Oakland’s Longfellow district is close to just about everything great that the East Bay has to offer. BART (Bay Area Rapid Transit) is a mere 2 blocks away on MacArthur and 40th and gives you access to Rockridge, Berkeley, Downtown Oakland and San Francisco and when a car trip is needed, freeway access is nearby.
Longfellow was once a thriving Italian neighborhood, beginning in the early 1900s and lasting through the 1940 and ’50s, when African Americans began to establish communities in the area. The name Longfellow comes from the former elementary school on Lusk Street, named after the poet Henry Wadsworth Longfellow. While Longfellow Elementary closed in 2004, the name lives on. So does Oakland culture with the famed Marcus Books specializing in titles by and about people of color, the Ethiopian cafe Dejena and the new Yemini-owned Mellana Cafe named after the original Italian grocery store Mellana – all on Martin Luther King between 38th and 46th Street.
With a bike score of 99 and a walk score of 92, living at 670 41st in Longfellow brings a lot of benefits as well as several award winning public charter schools. Keep the car parked and the heart rate up as you discover Longfellow.