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Listed by Jatin Mehta • Kite Hill Real Estate
$1,425,000
Est. payment /mo
3,550 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $401
Subdivision Temescal
MLS Listing ID 41124746
HOA Y/N No
Year Built 1916
Lot Size 4,000 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. 4045 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.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling No Air Conditioning
Flooring Hardwood Flrs Throughout
Fireplace No
Building
Lot Description Corner Lot
Water Public
Others
Special Listing Condition Standard
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