Four-Unit Multifamily
New
For Sale
$689,000
2508 79th AVE, Oakland, CA 94605
Residential Income (2-4 units), OAKLAND, CA
Property Size2,060 SF
Lot Size0.08 Acres
Price / SF$334.47
Days on Market4
Property Features for 2508 79th AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-3
Bedrooms
4
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
Garage - Detached
Standard status
Active
Size
2,060 SF
Lot size
0.08 Acres
Utilities
Heating system
Central, Forced Air
Building Details
Year built
1926
Number of units
4
Flooring type
Linoleum
Roof type
Composition, Flat
Listing Agency:
eXp Realty of California Inc
8885849427x119
Listed By:
Jolas Felix · License #02191051
(415) 939-5534
Added: Sep 4
Changed: Sep 7
Last Checked: Sep 7 at 4:06PM
MLS# ML82060171
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 2,060 square feet on a 0.0838-acre parcel and was built in 1926. The interior includes linoleum flooring, while heating is provided by central and forced-air systems. A detached garage provides on-site parking, and the roof combines flat and composition materials.
The property is located at 2508 79th Ave in Oakland, California 94605. RM-3 zoning supports its residential multifamily classification. The room data identifies four bedrooms, providing additional detail on the existing configuration.
The property is located at 2508 79th Ave in Oakland, California 94605. RM-3 zoning supports its residential multifamily classification. The room data identifies four bedrooms, providing additional detail on the existing configuration.
Key Highlights
- Four‑unit multifamily property at 2508 79th Ave, Oakland, CA 94605
- 2,060 square feet on a 0.0838‑acre lot
- RM‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,698
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$833,960
$834.0K
Cap Rate 7%
$595,686
$595.7K
Cap Rate 9%
$463,311
$463.3K
Market Conditions
NOI Build-Up for 2,060 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.0K $30.60/SF
− Vacancy
−$3.5K −$1.68/SF
EGI
$59.6K $28.92/SF
− OpEx
−$17.9K −$8.68/SF
NOI
$41.7K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$833,960
Cap Rate 7%
$595,686
Cap Rate 9%
$463,311
Alternative Uses
Best Use
Multifamily LT 5
$595.7K
$521.2K – $695.0K
NOI $41,698 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$534.0K
$467.2K – $623.0K
NOI $37,378 @ 7.0% cap · market cap 5.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - RM-3-zoned residential property with central forced-air heating and a detached garage.
Where is this quadplex located?
The property is located at 2508 79th AVE Oakland, CA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Four‑unit multifamily property at 2508 79th Ave, Oakland, CA 94605; 2,060 square feet on a 0.0838‑acre lot; RM‑3 zoning
