Four-Plex with Vacant
128 Catron Dr Oakland, CA 94603
128 Catron Dr, Oakland, CA, 94603
$825,000
For Sale
$825,000
MULTI_FAMILY - Oakland, CA
Property Size3,038 SF
Lot Size0.14 Acres
Price / SF$271.56
Days on Market182
Property Features for 128 Catron Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3
- Parking features
- Off Street, Parking Lot
- Exterior features
- Back Yard
- 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
- Tile, Laminate, Vinyl
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency
Compass
(925) 251-1111
900 Main St #101, Beverly Hills, CA
Listed by
Kevin Jacky Hom · License #02046184
(510) 896-0188
Added: Jan 16 Checked: Jul 17 at 5:06 am
MLS# 41121191
Listing URL
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 property is a well-maintained four-plex totaling 3,038 square feet on a 0.135-acre lot. The unit mix is described as versatile, with two units delivered vacant. Each unit is presented as having functional, comfortable layouts with bright living areas, fully equipped kitchens, and generous bedroom sizes. The property also notes recent capital improvements intended to support low day-to-day expenses.
Located at 128 Catron Dr in Oakland, CA 94603, the listing describes the building as being just minutes away from Oakland Airport. The remarks characterize the asset as having modern amenities across the units and highlight the overall condition as a key attribute.
For buyers or owner-occupants, the vacant units can provide added flexibility for move-in or re-leasing decisions, while the remaining units support an operator with ongoing rental operations. The offering includes estimated income figures in the remarks, citing total rental income of $8,350 per month, a GRM of 8.98, and a cap rate of 7.24%. Overall, it is positioned as an income-focused four-plex with documented recent upgrades and a mix of occupied and vacant units at the time of sale.
Located at 128 Catron Dr in Oakland, CA 94603, the listing describes the building as being just minutes away from Oakland Airport. The remarks characterize the asset as having modern amenities across the units and highlight the overall condition as a key attribute.
For buyers or owner-occupants, the vacant units can provide added flexibility for move-in or re-leasing decisions, while the remaining units support an operator with ongoing rental operations. The offering includes estimated income figures in the remarks, citing total rental income of $8,350 per month, a GRM of 8.98, and a cap rate of 7.24%. Overall, it is positioned as an income-focused four-plex with documented recent upgrades and a mix of occupied and vacant units at the time of sale.
Key Highlights
- 4‑plex built in 1965 with a unit mix that includes 6 bedrooms and 4 bathrooms total across the property’s listed rooms
- Estimated total rental income of $8,350/month with a GRM of 8.98 and a cap rate of 7.24%
- Two units are delivered vacant, offering flexibility for occupancy timing
Local 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 | $94.8k | $31.20 |
| − Vacancy | −$6.2k | −$2.03 |
| EGI | $88.6k | $29.17 |
| − OpEx | −$26.6k | −$8.75 |
| NOI | $62.0k | $20.42 |
3,038 SF · lease $31.20/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-plex with modern in-unit features and two units delivered vacant for flexible occupancy.
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: 4‑plex built in 1965 with a unit mix that includes 6 bedrooms and 4 bathrooms total across the property’s listed rooms; Estimated total rental income of $8,350/month with a GRM of 8.98 and a cap rate of 7.24%; Two units are delivered vacant, offering flexibility for occupancy timing
