Four-Unit Residential
For Sale
$825,000
128 Catron Dr, Oakland, CA 94603
Residential Income, Oakland, CA
Property Size3,038 SF
Lot Size0.14 Acres
Price / SF$271.56
Days on Market227
Property Features for 128 Catron Dr
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Parking features
Parking Lot, Off Street
Exterior features
Back Yard
Subdivision
Brookfield Villg
Lot features
Cul-De-Sac
High school district
Oakland (510) 879-8111
Directions
catron..
Standard status
Active
APN
455419422
Size
3,038 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Building Details
Year built
1965
Number of units
4
Flooring type
Vinyl, Laminate, Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Compass
(925) 251-1111
Listed By:
Kevin Jacky Hom · License #02046184
(510) 896-0188
Added: Jan 16
Changed: Aug 24
Last Checked: Aug 31 at 11:06AM
MLS# 41121191
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.
Investment Insights
Based on property information with market context.
This four-unit residential property at 128 Catron Dr. in Oakland includes 3,038 square feet on a 0.135-acre lot. Two units are delivered vacant, while the property also benefits from recent capital improvements. Interior features include vinyl, laminate, and tile flooring, wall-furnace heating, kitchens, living areas, bedrooms, and bathrooms. The exterior is finished in stucco with a shingle roof and a rear yard.
Parking is provided through an on-site lot and off-street spaces. Public sewer serves the property, which was built in 1965. Oakland Airport is located minutes away. The offering includes a reported 8.98 GRM and 7.24% cap rate, providing key metrics for evaluating the four-unit asset.
Parking is provided through an on-site lot and off-street spaces. Public sewer serves the property, which was built in 1965. Oakland Airport is located minutes away. The offering includes a reported 8.98 GRM and 7.24% cap rate, providing key metrics for evaluating the four-unit asset.
Key Highlights
- Four residential units in Oakland
- 3,038 square feet on a 0.135‑acre lot
- Two units delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,037
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.52%
Second Best
Apartment 5plus
$822.2K
$719.4K – $959.2K
NOI $57,551 @ 7.0% cap · market cap 6.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units with two delivered vacant, recent capital improvements, and on-site parking in Oakland.
Where is this quadplex located?
The property is located at 128 Catron Dr Oakland, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four residential units in Oakland; 3,038 square feet on a 0.135‑acre lot; Two units delivered vacant
