Renovated 1950 Triplex
4144 Masterson St Oakland, CA 94619
For Sale
$749,000
Three renovated 1BR/1BA units each feature separate living spaces and kitchens, plus off-street parking and private outdoor areas.
Property Size2,100 SF
Lot Size0.21 Acres
Price / SF$356.67
Days on Market51
Property Features for 4144 Masterson St
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.21 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1950
Listing Agency:
(510) 301-3767
Listed By:
David Sykes · License #01400006
(510) 301-3767
Source:
Elliman
Added: Jun 3
Changed: Jul 20
Last Checked: Jul 23 at 9:44AM
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 David Sykes
Investment Insights
Based on property information with market context.
This 1950 mid-century triplex offers three renovated, move-in-ready 1BR/1BA units arranged on a traditional single-level plan. Each unit includes its own kitchen, living room, bedroom, and bath. Unit A is described as featuring a sunlit living room and refinished hardwood floors, along with new appliances and an updated kitchen with new countertops, cabinetry, and tile flooring. Units B and C also include refinished hardwood floors and refreshed kitchens with new appliances, and feature original tile countertops and wood cabinetry.
The property includes off-street parking, a spacious front yard, and a private backyard. A shared laundry room is provided with individual hookups for each unit. The roof was replaced approximately 4+ years ago. Architectural renderings are available for potential front-lot development or expansion, and the buyer should verify any feasibility.
The offering includes approximately 2,100 sq ft of building area on an approximately 9,100 sq ft lot. The location is described as convenient to Farmer Joe’s, Planet Fitness, Everett & Jones BBQ, Montclair Village, Joaquin Miller Park, and Leona Canyon, with easy access to I-580 and Hwy 13.
The property includes off-street parking, a spacious front yard, and a private backyard. A shared laundry room is provided with individual hookups for each unit. The roof was replaced approximately 4+ years ago. Architectural renderings are available for potential front-lot development or expansion, and the buyer should verify any feasibility.
The offering includes approximately 2,100 sq ft of building area on an approximately 9,100 sq ft lot. The location is described as convenient to Farmer Joe’s, Planet Fitness, Everett & Jones BBQ, Montclair Village, Joaquin Miller Park, and Leona Canyon, with easy access to I-580 and Hwy 13.
Key Highlights
- 1950 mid‑century triplex with three renovated 1BD/1BA units, each with a separate kitchen, living room, bedroom, and bath
- Approx. 2,100 SF building area on an approx. 9,100 SF lot with off‑street parking, a spacious front yard, and a private backyard
- Shared laundry room with individual hookups for each unit
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 | $71.8k | $34.20 |
| − Vacancy | −$3.1k | −$1.46 |
| EGI | $68.8k | $32.74 |
| − OpEx | −$20.6k | −$9.82 |
| NOI | $48.1k | $22.92 |
2,100 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$687.5K
$601.6K – $802.1K
NOI $48,127 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$633.5K
$554.3K – $739.0K
NOI $44,342 @ 7.0% cap · market cap 5.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three renovated 1BR/1BA units each feature separate living spaces and kitchens, plus off-street parking and private outdoor areas.
Where is this triplex located?
The property is located at 4144 Masterson St Oakland, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1950 mid‑century triplex with three renovated 1BD/1BA units, each with a separate kitchen, living room, bedroom, and bath; Approx. 2,100 SF building area on an approx. 9,100 SF lot with off‑street parking, a spacious front yard, and a private backyard; Shared laundry room with individual hookups for each unit
