Four-Unit Residential Income
84 Monte Vista Ave Oakland, CA 94611
For Sale
$1,050,000
Four 2-bedroom, 1-bath units are 100% leased, with on-site parking and a shared rear yard.
Property Size3,220 SF
Price / SF$326.09
Days on Market83
Property Features for 84 Monte Vista Ave
General Information
Standard status
Active
Size
3,220 SF
Property subtype
Investment
Building Details
Year Built
1964
Listing Agency:
Lee & Associates - Walnut Creek
(925) 788-5952
Listed By:
Tyler Clark · License #01900784
(925) 788-5952
Source:
Elliman
Added: May 9
Changed: Jul 21
Last Checked: Jul 29 at 12:08PM
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 Lee & Associates - Walnut Creek
Investment Insights
Based on property information with market context.
This four-unit residential income property includes four 2-bedroom, 1-bath units, each with approximately 805 square feet of living space. The building is fully occupied, with one unit recently renovated. Outdoor amenities include three on-site parking spaces and a shared rear yard described as park-like.
The property is located steps from Piedmont Avenue, positioned within one of Oakland’s most desirable retail and dining corridors. Walk and transit access are strong, with a reported Walk Score of 89 and Transit Score of 67.
Additional building improvements noted include a recently upgraded balcony with SB 721 compliance completed.
The property is located steps from Piedmont Avenue, positioned within one of Oakland’s most desirable retail and dining corridors. Walk and transit access are strong, with a reported Walk Score of 89 and Transit Score of 67.
Additional building improvements noted include a recently upgraded balcony with SB 721 compliance completed.
Key Highlights
- 1964‑built 4‑unit property with four 2‑bedroom, 1‑bath units totaling 3,220 SF (±805 SF each)
- 100% leased with stable in‑place tenancy, including one recently renovated unit
- 3 on‑site parking spaces
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 | $88.9k | $27.60 |
| − Vacancy | −$4.0k | −$1.24 |
| EGI | $84.9k | $26.36 |
| − OpEx | −$25.5k | −$7.91 |
| NOI | $59.4k | $18.45 |
3,220 SF · lease $27.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$848.7K
$742.6K – $990.2K
NOI $59,411 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$785.3K
$687.1K – $916.2K
NOI $54,970 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,951 @ 7.0% cap · market cap 9.04%
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 - Four 2-bedroom, 1-bath units are 100% leased, with on-site parking and a shared rear yard.
Where is this quadplex located?
The property is located at 84 Monte Vista Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 1964‑built 4‑unit property with four 2‑bedroom, 1‑bath units totaling 3,220 SF (±805 SF each); 100% leased with stable in‑place tenancy, including one recently renovated unit; 3 on‑site parking spaces
