249 41st St

Oakland, CA, 94611

$6,250,000

$436 per ft²
$6,250,000
$436 per ft²
Active
Active
 - For Sale
carpenters-square
14,314 ft²
property_type
Commercial
calendar
Built 1957
249 41st Street is a 24-unit apartment community located just steps from Piedmont Avenue in Oakland, CA. The property consists of a twenty-four-unit building with a mix of one and two-bedroom units. Amenities include 23 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 $170,000 of annual rental upside allowing a new owner to maximize their return over time. The building has 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. The property is ideally located less than two blocks from the Piedmont Avenue shopping district. Residents benefit from a range of choices from Michelin-starred restaurant Commis, the historic Piedmont Theatre, to the casual Barney's Gourmet Burgers as well as a variety of other restaurants and shopping options. Commuters will appreciate the close proximity of city bus lines and the Macarthur BART Station which allow access to the entire bay area. Additionally, the property is a short five-minute walk to Kaiser Permanente – Oakland’s largest employer.
MLS® ID:
41021403
Listed:
3/12/23
Updated:
3/24/23

Interior Features

Kitchen Appliances
Gas Water Heater
Total Bedrooms
0
Total Bathrooms
0
Floor Description
Hardwood Flrs Throughout
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.34 acres lot
Lot Details
Premium Lot
Roof
Composition
Sewer
Public Sewer

Other Property Details

Area Name
Oakland Zip Code 94611
Garage
No
Parking
Carport
View
N
County
Alameda
Utilities
Individual Electric Meter, Individual Gas Meter
Water Source
Public
Pool
No
Buyer Agency Compensation
1

Courtesy of Timothy Warren with NAI Northern California
Listing Contact:  

Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 5:11 AM UTC, 3/24/23. 

Contact