Temescal Multifamily Property with
4989 SHAFTER AVENUE, Oakland, CA 94609
New
MULTI_FAMILY - Oakland, CA
Property size:
2,452 SFLot size:
0.16 AcresPrice / SF:
$446/SF- Added:
- May 13, 2026
- Days on Market:
- 4
- Last Refresh:
- May 16 at 8:06 pm
Property Features for 4989 SHAFTER AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2
- Parking features
- Parking Lot, Off Street
- Exterior features
- Back Yard, Front Yard, Garden/Play, Side Yard, Garden, Landscape Back, Landscape Front
- Fencing
- Fenced
- Appliances
- Dryer, Washer, Gas Water Heater
- Standard status
- Active
- APN
- 1311467
- Size
- 2,452 SF
- Lot size
- 0.16 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Floor Furnace, Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1918
- Number of units
- 4
- Flooring type
- Hardwood, Vinyl, Linoleum
- Building materials
- Stucco, Wood Shingles
- Roof type
- Composition
Listing agent David Gunderman License #01313613 (510) 205-4369
Listing office KW Advisors East Bay 4937 Telegraph Ave. Ste A, Oakland, CA (510) 775-1079
Listing date May 13, 2026
MLS# 41134547
Listing URL
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two Craftsman homes on an oversized lot offering exceptional flexibility.
- Producing orchard with orange, plum, quince, and fig trees, along with gardens and outdoor gathering spaces.
- Both homes include attached private guest apartments, providing immediate income potential.
- Prime Temescal location, moments from BART, the Temescal Farmers' Market, and Telegraph and College Avenue corridors.
- Charming architectural details, including hardwood floors, crown molding, original built‑ins, mullioned picture windows, and a redwood‑shingled cottage.
- Off‑street parking for several vehicles and expansion potential.
Overview
Located in the heart of Temescal, this property features two craftsman homes on an oversized lot. The grounds include gardens, orchard paths, and outdoor gathering spaces with a producing orchard of orange, plum, quince, and fig trees. A coastal redwood stands over a rear courtyard. Both homes are configured with attached private guest apartments, creating flexibility for multigenerational living, income, guests, or creative workspaces. The property offers 2452 square feet of living space. The front home includes a 2-bedroom, 1-bath unit, plus a studio apartment with 1 bath. The front home features a porch, a living room with crown molding and hardwood floors, an eat-in kitchen with original built-ins and a walk-in pantry. The studio apartment has a full-height basement bonus space. The second home is a redwood-shingled cottage with a 1-bedroom, 1-bath unit, plus a non-conforming 1-bedroom apartment downstairs. The living room features mullioned picture windows and hardwood floors. The upstairs bedroom opens to a private balcony overlooking the gardens. A pergola draped in bougainvillea, patios, raised garden beds, and multiple outdoor seating areas complete the property, along with off-street parking for several vehicles and expansion potential. The property is moments from BART, the Temescal Farmers' Market, and the Telegraph and College Avenue corridors.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$624.4K
NOI $56,194 @ 9.00% cap · cautious / downside scenario
Moderate
$802.8K
NOI $56,194 @ 7.00% cap · market / base-case scenario
Aggressive
$1.12M
NOI $56,194 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.9k | $34.20 |
| − Vacancy | −$3.6k | −$1.46 |
| EGI | $80.3k | $32.74 |
| − OpEx | −$24.1k | −$9.82 |
| NOI | $56.2k | $22.92 |
2,452 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$802.8K
$702.4K – $936.6K
NOI $56,194 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$739.6K
$647.2K – $862.9K
NOI $51,774 @ 7.0% cap · market cap 4.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.258842
- Latitude
- 37.835964
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Two craftsman homes with gardens and income potential in Temescal.
Where is this multifamily property located?
The property is located at 4989 SHAFTER AVENUE Oakland, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Two Craftsman homes on an oversized lot offering exceptional flexibility.; Producing orchard with orange, plum, quince, and fig trees, along with gardens and outdoor gathering spaces.; Both homes include attached private guest apartments, providing immediate income potential.
