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. Walk Score - 98 Transit Score - 63 Bike Score - 924045 Manila Ave is one of those rare multi-family properties that works equally well as a primary residence and an investment. A vacant, fully renovated unit is move-in ready for an owner-occupant, while three tenanted units generate over $6,300 per month — effectively letting the building pay for itself while you live on-site. The vacant unit has been completely updated with high-end finishes and new appliances throughout, and is flooded with natural light that gives the space a warmth and livability that's genuinely hard to find in a multi-unit building. From the moment you arrive, the property makes an impression — beautifully landscaped with striking palm trees and manicured artificial grass, the curb appeal here is exceptional and sets it apart from anything else on the block. The fundamentals are equally strong for a pure investor. All four units are 1-bedroom / 1-bath layouts — an ideal mix for consistent tenant demand — with fully occupied income reaching $9,000 per month and meaningful upside as rents grow to market at turnover. Utilities are separately metered, keeping operating costs low and NOI healthy with minimal management complexity. Situated in the heart of Temescal, the building sits within walking distance of Telegraph Avenue, Temescal Alley, Piedmont Ave, Broadway, and MacArthur BART — one of Oakland's most walkable and consistently in-demand rental corridors. 4045 Manila Ave is available individually or as part of a 12-unit portfolio alongside 367 41st St and 359 41st St. Buyers pursuing the full package can finance each building with conventional residential loans, unlocking longer amortization, no balloon payments, and simpler qualification at a scale where that's rarely possible.