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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.
Property Type(s):
Residential Income
| Last Updated | 2/21/2026 | Tract | TEMESCAL |
|---|---|---|---|
| Year Built | 1916 | County | Alameda |
Additional Details
| CONSTRUCTION | Stucco |
|---|---|
| HEAT | Natural Gas |
| LOT | 3999 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 4000 |
| PARKING | None |
| SUBDIVISION | TEMESCAL |
Location
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Listed with Kite Hill Real Estate
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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