359 41st St St Oakland, CA 94609
Four one-bedroom units with gated rear off-street parking, offering an income-focused rental setup in Temescal.
- Added:
- Feb 21, 2026
- Days on Market:
- 141
- Last Refresh:
- Jul 5 at 2:00 am
Property Features for 359 41st St St
General Information
- Standard status
- Active
- Size
- 3,539 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1941
Listing office Kite Hill Real Estate (510) 878-6800
Listing date Feb 21, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Kite Hill Real Estate
Investment Insights
Based on property information with market context.
The building is located at 359 41st Street in Temescal, an established Oakland rental corridor. The property is described as transit-oriented, with direct access to BART and proximity to employment centers across Oakland, Berkeley, and San Francisco.
For buyers or operators seeking a small-scale apartment building with an existing income base and resident parking, this configuration offers straightforward tenancy: four separate one-bedroom homes suited to a common renter profile that includes young professionals, commuters, and long-term residents. The gated parking feature adds a practical amenity point for day-to-day living, while the unit mix supports leasing to households looking for manageable, private layouts.
Key Highlights
- Multifamily asset built in 1941 with 4 one‑bedroom, one‑bath units
- Over $9,300 in gross monthly income currently in place
- Gated rear off‑street parking for tenants
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.0k | $34.20 |
| − Vacancy | −$5.2k | −$1.46 |
| EGI | $115.9k | $32.74 |
| − OpEx | −$34.8k | −$9.82 |
| NOI | $81.1k | $22.92 |
