237 41st Street

Oakland, CA 94611

$12,950,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

237-263 41st Street is a 48-unit apartment community located just steps from Piedmont Avenue in Oakland, CA. The property consists of two side-by-side twenty-four-unit buildings with a mix of one and two-bedroom units. Amenities include 46 covered parking spaces, four on-site laundry rooms, and storage closets. Both gas and electricity are individually metered and each unit is equipped with its own water heater. The property offers over $350,000 of annual rental upside allowing a new owner to maximize...237-263 41st Street is a 48-unit apartment community located just steps from Piedmont Avenue in Oakland, CA. The property consists of two side-by-side twenty-four-unit buildings with a mix of one and two-bedroom units. Amenities include 46 covered parking spaces, four on-site laundry rooms, and storage closets. Both gas and electricity are individually metered and each unit is equipped with its own water heater. The property offers over $350,000 of annual rental upside allowing a new owner to maximize their return over time. Both buildings have been seismically retrofitted making this a true turn-key asset. This highly sought-after location will continue attracting premium tenants and maintain a low vacancy rate.
  1. Listed by Timothy Warren DRE #02008347 NAI Northern California

Property Details for 237 41st Street

City
OAKLAND
Building Type
5 or More Units
Garage Spaces
0
Total # Parking Spaces
46

Location

Listing Courtesy of NAI Northern California, Timothy Warren, DRE #02008347
Add your commute
LISTING UPDATED: 02/07/2023 11:34 AM

Property Details for 237 41st Street

StatusPrice Change
MLS #41014158
Days on Compass85
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1956
Lot Size-
CountyAlameda County

Location

Listing Courtesy of NAI Northern California, Timothy Warren, DRE #02008347
Add your commute

Building Information for 237 41st Street

Stories-Residences-Year Built1956Building Size-Lot Size-

Payment Calculator

$67,974 per month

30 year fixed, 6.33% Interest

Principal and Interest

$64,328

Property Taxes

$3,646

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 237 41st Street

Features
    Feature Details
  • Flooring: Hardwood Floors
    Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
    Property Details
  • Additional Equipment: All Public Utilities, Fire Alarm System, Individual Gas Meter, Security Gate, Water Heater Gas
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Regular
  • Roof: Rolled Composition
  • Stories: 0.0
    Location Details
  • Directions to Property: Broadway
  • FIPS Code: 06001
  • Census Tract: 4041.02
  • Parcel Number: 12-996-4 & 5
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
    General Details
  • Basement: None
  • Tenant Pays: Electric, Water
  • Financial Data Source: Estimated, Owner
Multi Family 5+ Information
    Building Details
  • Additional Features-Misc: Balcony/Patio, Extra Storage
  • Apx Lot Acres: 1
  • Apx Lot Sq Ft: 30000
  • On Site Parking Description: Carports - 2 Or More, Covered Parking
  • Tot Bldg Sq Ft: 28399.0
    Income / Expense Details
  • Gross Rent Multiplier: $0
    Other Financial Information
  • Cap Rate: 4.83
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes

Property History for 237 41st 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 237 41st Street

Taxable ValueLand$192,189Additions$1,824,680Total$2,016,869
Tax Record2022$43,747 ($3,646 / month)
Home Facts
Total Finished SqFt14,314 SqFtAbove Grade Finished SqFt14,314 SqFtStories3Lot Size15,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1957CountyALAMEDAAPN12-996-5

Schools near 237 41st Street

This home is within Oakland Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
RatingSchoolDistance
Piedmont Avenue Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Oakland International 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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237 41st Street is a multi-family home for sale in Oakland, CA 94611. This property was listed for sale on November 14, 2022 by NAI Northern California at $12,950,000. It has been on the market for a total of 85 days and was last sold on March 17, 1994. This listing's school district is Oakland Unified School District. Nearby schools include Piedmont Avenue Elementary School, Westlake Middle School and Oakland Technical High School. 237 41st Street is a 0-bed, 0-bath, multi-family home built in 1956.

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 NAI Northern California, Timothy Warren, DRE #02008347

Based on information from the San Francisco Association of Realtors as of 11/14/2022 12:00 AM, the MLSListings MLS as of 11/14/2022 12:00 AM, or the BAREIS MLS as of 11/14/2022 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 02/07/2023 11:34 AM