Back to Search
Oakland Multifamily Investment Opportunity

2828 Viola St Oakland, CA 94619

Claim this Listing
For Sale
$1,000,000

MULTI_FAMILY - Oakland, CA

Property size:
3,168 SF
Lot size:
0.11 Acres
Price / SF:
$315/SF
Added:
May 14, 2026
Days on Market:
60
Last Refresh:
Jul 12 at 1:06 pm

Property Features for 2828 Viola St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
7
Rooms
Bedroom 3, Bedroom 5, Bedroom 7, Bathroom 7, Bedroom 8, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
Parking features
Carport
Exterior features
Back Yard
Standard status
Active
APN
32205220
Size
3,168 SF
Lot size
0.11 Acres

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public

Building Details

Year built
1964
Number of units
4
Flooring type
Carpet - Partial, Tile
Building materials
Stucco
Roof type
Composition, Rolled Hot Mop

Listing agent Ted Chen

Listing office Redfin 120 Kearny St. STE 800, San Francisco, CA

Listing date May 14, 2026

MLS# 41134656 Listing URL

Copyright © 2026 Bay East. 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 well-maintained four-unit multifamily property is located in a convenient Oakland neighborhood. The gated property features a newer roof and covered carport parking, along with additional uncovered parking spaces. Pride of ownership is evident throughout the property. Select units include hardwood flooring, granite kitchen countertops, and premium appliances. The parking configuration is spacious, with four covered carports and additional on-site parking. The property is conveniently located near schools, shopping, dining, public transportation, and commuter routes. The lot size is 0.1148 acres and the property size is 3168 square feet.

Key Highlights

  • 4‑unit property with gated entry in an Oakland neighborhood
  • Year built 1964 with stucco exterior and a composition/rolled hot mop roof
  • Parking includes 4 covered carports plus additional uncovered on‑site parking

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $108.3k $34.20
− Vacancy −$4.6k −$1.46
EGI $103.7k $32.74
− OpEx −$31.1k −$9.82
NOI $72.6k $22.92
3,168 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.04M
$907.5K – $1.21M (±1% cap)
NOI $72,603 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$955.6K
$836.2K – $1.11M (±1% cap)
NOI $66,892 @ 7.0% cap · market cap 6.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Big Box & Wholesale Store Bar & Pub Travel Agency Furniture & Home Goods Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Well-maintained four-unit property in a convenient Oakland location.
Where is this quadplex located?
The property is located at 2828 Viola St Oakland, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4‑unit property with gated entry in an Oakland neighborhood; Year built 1964 with stucco exterior and a composition/rolled hot mop roof; Parking includes 4 covered carports plus additional uncovered on‑site parking
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message