Oakland 4-Plex Near
For Sale
$799,000
128 Catron Drive, Oakland, CA 94603
Well-maintained 4-plex near Oakland Airport with strong income potential.
Property Size3,038 SF
Price / SF$263
Days on Market192
Property Features for 128 Catron Drive
General Information
Standard status
Active
Size
3,038 SF
Property subtype
Residential Income / Fourplex
Site & Location
Neighborhood
Elmhurst
Amenities
No Air Conditioning, Wall Furnace
Building Details
Year Built
1965
Listing Agency:
Compass
Listed By:
Kevin Hom · License #02046184
(510) 896-0188
Source:
Compass
Added: Apr 24
Changed: Oct 27
Last Checked: Nov 1 at 8:54AM
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 Compass
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Investment Insights
Based on property information with market context.
This 4-plex is located minutes from Oakland Airport. The property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. The property has an estimated total rental income of $8,350 per month, a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income. The property is very bikeable with a bike score of 76, very walkable with a walk score of 79, and has good transit with a transit score of 61.
Key Highlights
- High Income Potential: Estimated $8,350/month rental income with a 7.24% cap rate and 8.98 GRM.
- Two Vacant Units: Provides immediate rental income and the opportunity to set market rents.
- Prime Location: Minutes from Oakland Airport, with high walkability (79), bikeability (76), and good transit (61).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,037
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,740
$1.2M
Cap Rate 7%
$886,243
$886.2K
Cap Rate 9%
$689,300
$689.3K
Market Conditions
NOI Build-Up for 3,038 SF
Gross rent
$94.8K $31.20/SF
− Vacancy
−$6.2K −$2.03/SF
EGI
$88.6K $29.17/SF
− OpEx
−$26.6K −$8.75/SF
NOI
$62.0K $20.42/SF
Area
ZIP 94603
Vacancy
6.50%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,740
Cap Rate 7%
$886,243
Cap Rate 9%
$689,300
Alternative Uses
Best Use
Multifamily LT 5
$886.2K
$775.5K – $1.03M
NOI $62,037 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$822.2K
$719.4K – $959.2K
NOI $57,551 @ 7.0% cap · market cap 7.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 94603, CA
36,681
Population
11,199
Households
3.3
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
2.7 sq mi
ZIP Area
13,586
Density / Sq Mi
$71,086
Median Household Income
$37,025
Median Earnings
$1,838
Median Rent
$596,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained 4-plex near Oakland Airport with strong income potential.
Where is this quadplex located?
The property is located at 128 Catron Drive Oakland, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: High Income Potential: Estimated $8,350/month rental income with a 7.24% cap rate and 8.98 GRM.; Two Vacant Units: Provides immediate rental income and the opportunity to set market rents.; Prime Location: Minutes from Oakland Airport, with high walkability (79), bikeability (76), and good transit (61).
