4-Units | Temescal

Temescal has firmly established itself as one of Oakland's most desirable neighborhoods, drawing a steady stream of renters who want walkability, character, and access without the price tag of San Francisco. Anchored by Telegraph Avenue and the iconic Temescal Alley, the neighborhood is packed with independent restaurants, specialty coffee shops, breweries, and boutique retail — the kind of street-level energy that makes tenants want to stay long-term and keeps vacancy rates low for well-located landlords. Beyond lifestyle, Temescal punches above its weight on transit and connectivity. MacArthur BART sits at the neighborhood's edge, putting downtown Oakland, Berkeley, and San Francisco within easy commuting distance. The area is also highly bikeable and walkable, with quick access to Piedmont Avenue, Broadway, and the broader Uptown corridor — giving residents multiple nodes of activity within a short radius. For working professionals, it's one of the few Oakland neighborhoods where you can genuinely live car-optional. From an investment standpoint, Temescal's fundamentals are as strong as any submarket in the East Bay. Demand consistently outpaces supply, driven by a renter demographic that skews toward higher earners who value location and quality. Rents have appreciated steadily, and the neighborhood's continued commercial investment signals long-term confidence from both tenants and the broader market. For income property owners, it's the kind of location that does a lot of the work for you.367 41st St is a 4-unit apartment building in Oakland's Temescal neighborhood, offered as part of a 12-unit portfolio alongside 359 41st St and 4045 Manila Ave. The three properties can be acquired individually or together, delivering meaningful scale while keeping each asset separately manageable and financeable. The building is 100% occupied with all four units featuring large 1-bedroom, 1-bath floor plans — generously sized for the unit type and well above what's typical in the submarket. In-place rents are stable with room to grow to market as units turn, and with many units already updated, near-term capital expenditure exposure is limited. Remaining unrenovated units represent a clear path to push rents further at turnover, giving the next owner both immediate cash flow and a credible value-add strategy. The property comes with off-street parking, private garages, and on-site coin laundry — amenities that drive tenant retention and differentiate the building from competing rentals in the area. Its location puts tenants within walking distance of Broadway, Telegraph Avenue, Temescal Alley, Piedmont Avenue, and MacArthur BART, keeping vacancy low and demand consistent. For buyers considering the full portfolio, the structure creates a rare financing advantage: at 12 units spread across three separate 4-unit buildings, each property qualifies for conventional residential financing rather than commercial loans — unlocking longer amortization, no balloon payments, lower down payment requirements, and simpler qualification. It's an uncommon opportunity to acquire institutional-scale income at terms typically reserved for smaller investors.