Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7448 Lockwood St Oakland, CA 94621

    View on Map
    Sponsored
    For Sale
    $899,000

    MULTI_FAMILY - Oakland, CA

    Property size:
    3,560 SF
    Lot size:
    0.23 Acres
    Days on Market:
    13
    Last Refresh:
    Mar 8 at 6:06 am

    Property Features for 7448 Lockwood St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 7, Bedroom 8, Bathroom 3, Bathroom 5, Bedroom 6, Bathroom 7, Bathroom 6
    Bedrooms
    8
    Appliances
    Gas Water Heater
    Size
    3,560 SF
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wall Furnace, Natural Gas

    Building Details

    Year built
    1957
    Number of units
    4
    Flooring type
    Laminate, Carpet, Tile, Linoleum
    Building materials
    Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Jason Pugao

    Keller Williams Tri Valley Realty (510) 366-9854

    Listing agent Jason Pugao (925) 397-4200

    Listing date Feb 24, 2026

    MLS# 41097428 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.

    Learn more

    Property Insight Report

    Overview

    Oakland Fourplex with Development Potential

    Located in East Oakland, 7448 Lockwood Street is a fourplex featuring four units, each with two bedrooms and one bathroom. Each unit provides approximately 885 square feet of living space. The property is situated on a flat 10,000 square foot lot that offers development potential for building additional units or expansion, subject to buyer verification. Each unit is separately metered for gas, electricity, and water. An on-site detached laundry room provides an additional income stream. The property is conveniently located near Highways 580 and 880, and is just minutes from the Eastmont Town Center. The property represents an opportunity to own a cash-flowing asset with upside potential in Oakland's rental market. The total property size is 3,560 square feet, situated on a 0.2296-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.179609
    Latitude
    37.7619

    Nearby Similar for Sale

    • $1,198,000
      2,441 SF

      Oakland Mixed-Use Investment Opportunity

      Retail and residential income property for sale in Oakland.
      2600 Macarthur Blvd, Oakland, CA 94602
      View Details
    • $795,000
      2,070 SF

      Updated Duplex in Pill Hill

      Updated duplex with vacant units in Oakland's Pill Hill.
      2834 Summit St, Oakland, CA 94609
      View Details
    • $979,000
      3,100 SF

      Oakland Victorian Home with Income

      Victorian home with ADU and basement income potential.
      1725 96Th Ave, Oakland, CA 94603
      View Details
    • New
      $895,000
      3,972 SF

      Oakland Multifamily Property with Potential

      Five-unit building in Grand-Lake location with upgrade potential.
      832 Walker Ave, Oakland, CA 94610
      View Details
    • New
      $895,000
      3,972 SF

      Oakland Multifamily Property with Potential

      Five-unit building in Grand-Lake location with upgrade potential.
      830 Walker Ave, Oakland, CA 94610
      View Details
    • New
      $975,000
      1,840 SF

      Upgraded Duplex in Oakland

      Two-story duplex with upgraded units, ideal for homeowners or investors.
      6320 Shattuck Ave, Oakland, CA 94609
      View Details
    • $688,000
      1,155 SF

      Updated Duplex in Oakland's Ivywood

      Updated corner-lot duplex in Oakland, perfect for owner-occupant or rental.
      2178 107Th Ave, Oakland, CA 94603
      View Details
    • $689,000
      1,288 SF

      Renovated Multifamily Home in Oakland

      Turnkey multifamily property in a revitalizing Oakland neighborhood.
      1778 8Th St, Oakland, CA 94607
      View Details
    • $975,000
      3,300 SF

      Maxwell Park Fourplex with Income Potential

      Oakland fourplex with updated units and strong income potential.
      2622 Kingsland Ave, Oakland, CA 94619
      View Details
    • New
      $575,000
      928 SF

      Oakland Duplex with Updated Units

      Renovated duplex near transportation, ideal for investors.
      1821 74Th Ave, Oakland, CA 94621
      View Details
    • New
      $575,000
      2,608 SF

      Oakland Duplex Near BART

      Duplex in West Oakland near BART and local amenities.
      1431 10Th St, Oakland, CA 94607
      View Details
    • New
      $799,000
      1,548 SF

      Updated Duplex in Prime Location

      Updated duplex in Oakland, near BART, dining, and shopping.
      3929 Ruby St, Oakland, CA 94609
      View Details

    FAQs

    What type of property is this?
    Quadplex - Spacious fourplex in East Oakland with income and development potential.
    Where is this quadplex located?
    The property is located at 7448 Lockwood St Oakland, CA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Income-producing fourplex with strong cash flow potential in a high-demand Oakland rental market.; - Each unit is separately metered for gas, electricity, and water, offering convenience and tenant management flexibility.; - Large, flat 10,000 sq ft lot with development potential for additional units or expansion (buyer to verify).
    (925) 397-4200
    Request Owner's contact information
    7448 Lockwood St Oakland, CA 94621
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7448 Lockwood St
    Oakland, CA 94621
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7448 Lockwood St Oakland, CA 94621
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jason Pugao
    (925) 397-4200 (510) 472-6916
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!