4 months on rocket

465 40th St, Oakland, CA, 94609

$1,499,500

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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465 40th St, Oakland$1,499,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingGarage
Year Built1924
HeatingWall Furnace
MLS #41068784
Lot Size0.13 Acres
StatusActive

About 465 40th St

Introducing a prime investment opportunity in the desirable Temescal location of Oakland. This charming 1924 building offers 4 spacious one-bedroom, one-bath units, each with modern amenities including washer and dryers, and individually metered for all utilities to lower operating expenses. With on-site secure parking and a new electric gate for entry, this property presents additional income potential and peace of mind for tenants. Conveniently located near major employment centers, shops, restaurants, and entertainment, as well as within walking distance to Macarthur BART and easy access to I-580, I-24, I-880, and I-80, this multifamily gem is a promising addition to any investor's portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1924

Listing Office:

  • Office Name: Oak Tree Property Group
  • Office Phone: (510) 255-2248
  • Listing Agent: Michael Pagones

Interior Features

Interior Information:

  • Appliances: Dryer, Washer
  • Flooring Type: Tile, Wood

Exterior Features

Parking Information:

  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: Telegraph Ave to 40th Cross Street: Clarke St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,500

Tax Information:

  • Annual Amount: $21,439
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Oakland, CA.

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Oakland, CA

City

Med. Sold Price

$850K

Med. Price/SqFt

$587

Avg. Days On Market

42

# of Sold Homes

220

465 40th St vs Oakland

127 DAYS ON ROCKET

+85 Days

$1,499,500

+$649.5K More

KEY TAKEAWAY

This property is $649.5K more than the Median Sold Price in Oakland, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41068784

Listing Office:

  • Office Name: Oak Tree Property Group
  • Office Phone: (510) 255-2248
  • Listing Agent: Michael Pagones

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:55:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 20, 2015Home Sold
$1,175,000
Nov 09, 1994Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2021$21,439$1,285,014
2020$21,438$1,271,843
2019$20,057$1,246,910
2018$19,246$1,222,470
2017$19,246$1,198,500

History based on county public records data.

Payment Calculator

$7,551

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4278208
6
/10

  • Emerson Elementary School

  • 4803 Lawton Ave

  • 0.46 miles

  • Public District Grades KG-5

school-card-donut-4278209
2
/10

  • Hoover Elementary School

  • 890 Brockhurst St

  • 0.74 miles

  • Public District Grades KG-5

school-card-donut-4278210
3
/10

  • Piedmont Avenue Elementary School

  • 4314 Piedmont Ave

  • 0.77 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,684. The most common annual income of people living in Oakland, CA is less than $35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Alameda County›Oakland›94609›465 40th St

This home is located at 465 40th St in Oakland, CA and zip code 94609 in the Mosswood neighborhood. This home, which was built in 1924, sits on a 0.13 acre lot. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $1,499,500.

While more than 122 listings in Oakland, CA in November 2024 were sold above asking price, there were more than 21 listings sold at asking price, and more than 59 were sold below. The number of homes for sale in Oakland, CA decreased by 12.3% between October 2024 and November 2024. While the average time on the market in November 2024 was 42 days, the median list price was $850,000.

From Rocket Homes Real Estate and based on county public records data.

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