Four-Unit Residential Income
476 42nd Street Oakland, CA 94609
476 42nd Street, Oakland, CA, 94609
$1,650,000
For Sale
$1,650,000
Four independent one-bedroom, one-bath units with private enclosed rear garages on a single lot.
Property Size3,780 SF
Lot Size0.13 Acres
Price / SF$436.51
Days on Market41
Property Features for 476 42nd Street
General Information
- Standard status
- Active
- Size
- 3,780 SF
- Lot size
- 0.13 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1941
Listing agency
Marcus & Millichap
(650) 759-3414
Listed by
Sam Runco · License #01977683
(650) 759-3414
Source
Exitrealty
Added: Jun 13 Updated: Jul 22 at 5:48AM Checked: Jul 22 at 5:48AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
476 42nd Street is a four-unit residential income property featuring four one-bedroom, one-bathroom apartments of approximately 900 square feet each. The building includes a private enclosed garage for every unit located at the rear of the property. Each unit operates fully independently, with its own water heater and furnace. Interior amenities include in-unit laundry in Units A and D, a washer in Unit B, and a dryer hookup and vent in Unit C.
The property is located with MacArthur BART less than half a mile away, and Telegraph Avenue’s restaurants and shops are just steps from the front door.
The current owner has completed extensive capital improvements, including seismic sill bolt work, full sewer lateral replacement, all-new water lines and shutoffs, and new water heaters for every unit. Additional updates include a new furnace in Unit B and majority roof replacement, along with replaced windows, a rebuilt rear staircase, upgraded perimeter fencing, new metal gates at both entries, and fresh exterior paint. Interior work includes bathroom vanity updates and miscellaneous plumbing and electrical improvements.
The property is located with MacArthur BART less than half a mile away, and Telegraph Avenue’s restaurants and shops are just steps from the front door.
The current owner has completed extensive capital improvements, including seismic sill bolt work, full sewer lateral replacement, all-new water lines and shutoffs, and new water heaters for every unit. Additional updates include a new furnace in Unit B and majority roof replacement, along with replaced windows, a rebuilt rear staircase, upgraded perimeter fencing, new metal gates at both entries, and fresh exterior paint. Interior work includes bathroom vanity updates and miscellaneous plumbing and electrical improvements.
Key Highlights
- Four independent 1BD/1BA units, each approximately 900 SF, on a 5,865 SF lot
- Private enclosed rear garage for every unit
- Extensive capital improvements: full sewer lateral replacement, new water lines and shut‑offs, and water heaters for every unit
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 | $129.3k | $34.20 |
| − Vacancy | −$5.5k | −$1.46 |
| EGI | $123.8k | $32.74 |
| − OpEx | −$37.1k | −$9.82 |
| NOI | $86.6k | $22.92 |
3,780 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,629 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$1.14M
$997.7K – $1.33M
NOI $79,815 @ 7.0% cap · market cap 4.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four independent one-bedroom, one-bath units with private enclosed rear garages on a single lot.
Where is this quadplex located?
The property is located at 476 42nd Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four independent 1BD/1BA units, each approximately 900 SF, on a 5,865 SF lot; Private enclosed rear garage for every unit; Extensive capital improvements: full sewer lateral replacement, new water lines and shut‑offs, and water heaters for every unit
