NOT LISTED FOR SALE

488 41st St Oakland, CA 94609

Temescal Neighborhood

Estimated Value: $1,291,680 - $1,677,000

5 Beds
4 Baths
4,041 Sq Ft
$367/Sq Ft Est. Value

Last Sold August 24, 2020

Last sale price $1,450,000 $359 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,685/month

10 Days on Market

Highlights

  • No HOA
  • 5-minute walk to Macarthur Station
  • Cooling Available
  • Oakland Technical High School Rated A
  • Fireplace
  • Garage

About This Home

As of August 2020

To access the rent roll, P&L + complete marketing package visit: Multifamily investment opportunities in the heart of Temescal don’t come along very often. If you’re looking for an owner-occupied rental or the perfect property to add to your portfolio, this beautiful 4-unit building in Temescal is a must-see. More than 4,000 SqFt of living space loaded with charming details like french doors, crown molding, wainscoting, spacious kitchens, fireplaces, and plenty of natural light. A privacy fence encloses a lovely bricked patio area providing a delightful respite of quiet. The lush, zenlike backyard is tastefully landscaped with cacti and succulents. Tenants enjoy shared bike storage, basement utility room and onsite coin laundry. Two blocks from BART and close to the 24--not to mention countless eating and shopping options in Temescal and along Piedmont Avenue in nearby Rockridge--you couldn’t ask for a better location.

Last Agent to Sell the Property

Jatin Mehta

Kite Hill Real Estate License #02045713 Listed on: 06/16/2020

Last Buyer's Agent

Jatin Mehta

Kite Hill Real Estate License #02045713 Listed on: 06/16/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 3,650

Parking

  • Garage

Home Design

  • Quadruplex
  • Composition Shingle Roof
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Fireplace
  • 3,650 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 12101049

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Year Built: 1911
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Directions: 41st Near Telegraph
  • Garage Yn: Yes
  • remarks11: To access the rent roll, P&L + complete marketing package visit: https://bit.ly/kitehillre. Visit www.48841st.com for virtual tour + more pics. No private tours without an offer in hand. Please write offer subject to inspection and please include the following: 1. RIPA 2. POF 3. Pre-Approval Letter 4. Signed Disclosure Package 5. Signed Oakland Purchase Agreement Addendum 6. Confirmed viewing of www.48841st.com - pictures and virtual tour. Only [2] 4-unit buildings have sold in Temescal last 18 months. Super rare building. 2 blocks (5 min) from MacArthur BART. LINK TO DISCLOSURES: Call/text 510.878.6800 with any questions.
  • remarks22: Jatin J Mehta - 510-878-6800 - To access the rent roll, P&L + complete marketing package visit: https://bit.ly/kitehillre. Multifamily investment opportunities in the heart of Temescal don’t come along very often. If you’re looking for an owner-occupied rental or the perfect property to add to your portfolio, this beautiful 4-unit building in Temescal is a must-see. More than 4,000 SqFt of living space loaded with charming details like french doors, crown molding, wainscoting, spacious kitchens, fireplaces, and plenty of natural light. A privacy fence encloses a lovely bricked patio area providing a delightful respite of quiet. The lush, zenlike backyard is tastefully landscaped with cacti and succulents. Tenants enjoy shared bike storage, basement utility room and onsite coin laundry. Two blocks from BART and close to the 24--not to mention countless eating and shopping options in Temescal and along Piedmont Avenue in nearby Rockridge--you couldn’t ask for a better location.
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Roof: Composition Shingles
  • Construction Type: Stucco

Utilities

  • Heating: Electric
  • Laundry Features: Coin Operated
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: No Solar

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 3650
  • Parcel Number: 12101049

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2021
Sold by
Dunn Justin and Dunn Steve
Bought by
Dunnford Oakland Jv Llc
Current Estimated Value
$1,484,420

Purchase Details

Listed on
Jun 16, 2020
Closed on
Aug 14, 2020
Sold by
Dunn Wendy
Bought by
Dunn Steve
Seller's Agent
Jatin Mehta
Kite Hill Real Estate
Buyer's Agent
Jatin Mehta
Kite Hill Real Estate
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.44%
Original Mortgage
$1,087,500
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2015
Sold by
Bermudez Martine
Bought by
Bermudez Martine Y and Martine Y Bermudez Living Trus

Purchase Details

Closed on
Aug 9, 2004
Sold by
Lee Kyo D and Lee Ae Hee
Bought by
Bermudez Martine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2001
Sold by
Sawle David R
Bought by
Lee Kyo D and Lee Ae Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,750
Interest Rate
7.54%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dunnford Oakland Jv Llc -- Accommodation
Dunn Steve -- Old Republic Title Company
Dunn Steve $1,450,000 Old Republic Title Company
Bermudez Martine Y -- None Available
Bermudez Martine $760,000 Placer Title Company
Lee Kyo D $575,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dunn Steve $1,087,500
Previous Owner Bermudez Martine $300,000
Previous Owner Lee Kyo D $488,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2025 06/16/25 Off Market $1,450,000 -- --
02/04/2025 02/04/25 Off Market $1,450,000 -- --
08/24/2020 08/24/20 Sold $1,450,000 -3.0% $359 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $1,495,000 -- $370 / Sq Ft
Source: bridgeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,157 $1,562,508 $470,852 $1,098,656
2024 $23,157 $1,531,740 $461,622 $1,077,118
2023 $24,333 $1,508,580 $452,574 $1,056,006
2022 $23,575 $1,472,000 $443,700 $1,035,300
2021 $22,452 $1,443,000 $435,000 $1,015,000
2020 $15,888 $968,588 $290,576 $678,012
2019 $15,138 $949,604 $284,881 $664,723
2018 $14,819 $930,991 $279,297 $651,694
2017 $14,175 $912,744 $273,823 $638,921
2016 $13,795 $894,854 $268,456 $626,398
2015 $13,723 $881,417 $264,425 $616,992
2014 $14,247 $864,157 $259,247 $604,910
Source: Public Records

Agents Affiliated with this Home

  • Jatin Mehta

    Seller's Agent in 2020

    Jatin Mehta

    Kite Hill Real Estate

    (510) 338-4737

    3 in this area

    62 Total Sales

    Jatin Mehta
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Map

Source: bridgeMLS

MLS Number: 40908695

bridgeMLS

APN: 012-1010-049-00

California Alameda County Oakland 94609 Temescal

488 41st St, Oakland, CA

Not Listed for Sale

MultiFamily

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