Description

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.