Fourplex with Covered
76 Oakes Blvd. San Leandro, CA 94577
For Sale
$1,495,000
Built in 1975, this fully occupied fourplex offers one 3BD/2BA and three 2BD/2BA units plus shared coin laundry.
Property Size4,999 SF
Price / SF$299.06
Days on Market77
Property Features for 76 Oakes Blvd.
General Information
Standard status
Active
Size
4,999 SF
Property subtype
Investment
Building Details
Year Built
1975
Listing Agency:
(510) 292-8160
Listed By:
Joshua Silverman
(510) 292-8160
Source:
Elliman
Added: May 12
Changed: Jul 20
Last Checked: Jul 23 at 5:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joshua Silverman
Investment Insights
Based on property information with market context.
76 Oakes Boulevard is a fully occupied, well-maintained fourplex built in 1975. The 4,999-square-foot building sits on an 8,000-square-foot lot and includes one 3BD/2BA unit and three 2BD/2BA units. Tenant amenities include a shared coin-operated laundry room, four covered carports with adjacent storage closets for the three 2BD units, and a private two-car garage serving the 3BD/2BA unit. Utility service is set up efficiently, with one shared gas meter serving the building’s common water heater and separately metered electric-only interiors for each unit.
The property is located on a tree-lined street near Downtown San Leandro, with BART less than one mile away and local dining and shopping nearby. Effective June 1, 2026, the property is projected to generate gross scheduled revenue of $10,276 per month based on in-place rents.
This asset is being offered concurrently with a sister fourplex next door at 68 Oakes Boulevard.
The property is located on a tree-lined street near Downtown San Leandro, with BART less than one mile away and local dining and shopping nearby. Effective June 1, 2026, the property is projected to generate gross scheduled revenue of $10,276 per month based on in-place rents.
This asset is being offered concurrently with a sister fourplex next door at 68 Oakes Boulevard.
Key Highlights
- Fully occupied fourplex built in 1975 with 1x 3BD/2BA and 3x 2BD/2BA units
- 4,999 SF building on an 8,000 SF lot
- Gross scheduled revenue of $10,276/month effective June 1, 2026
Financial Insights For Apartment 5plus
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 | $139.8k | $27.96 |
| − Vacancy | −$8.1k | −$1.62 |
| EGI | $131.7k | $26.34 |
| − OpEx | −$59.2k | −$11.85 |
| NOI | $72.4k | $14.49 |
4,999 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.40M
$2.10M – $2.80M
NOI $167,792 @ 7.0% cap · market cap 11.22%
Second Best
Apartment 5plus
$1.03M
$905.2K – $1.21M
NOI $72,416 @ 7.0% cap · market cap 4.84%
Theoretical Best
Retail
$22.79M
$19.94M – $26.59M
NOI $1,595,313 @ 7.0% cap · market cap 106.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1975, this fully occupied fourplex offers one 3BD/2BA and three 2BD/2BA units plus shared coin laundry.
Where is this quadplex located?
The property is located at 76 Oakes Blvd. San Leandro, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Fully occupied fourplex built in 1975 with 1x 3BD/2BA and 3x 2BD/2BA units; 4,999 SF building on an 8,000 SF lot; Gross scheduled revenue of $10,276/month effective June 1, 2026
