Four-Unit Apartment
For Sale
$899,000
7448 Lockwood St, Oakland, CA 94621
Separate gas, electric, and water meters serve each residence, alongside a detached on-site laundry room.
Property Size3,560 SF
Lot Size0.23 Acres
Price / SF$252.53
Days on Market537
Property Features for 7448 Lockwood St
General Information
Standard status
Active
Size
3,560 SF
Lot size
0.23 Acres
Property subtype
Quadruplex
Site & Location
Neighborhood
Elmhurst
Highway Access
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Individually Metered Utilities
gas, electricity, water
Amenities
on-site laundry room
Building Details
Building Size
3,560 SF
Year Built
1957
Listing Agency:
Keller Williams Tri-Valley
Listed By:
Jason Pugao · License #01908325
(510) 472-6916
Source:
Eastsidewest
Added: May 14, 2025
Changed: Oct 27
Last Checked: Oct 31 at 3:31PM
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 Keller Williams Tri-Valley
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Investment Insights
Based on property information with market context.
At 7448 Lockwood St in Oakland, this four-unit apartment property contains 3,560 square feet and dates to 1957. Each residence has two bedrooms, one bathroom, and approximately 885 square feet. Gas, electricity, and water are separately metered for each unit. A detached laundry room is also located on the property.
The site encompasses 10,000 square feet and is near Highways 580 and 880, as well as Eastmont Town Center.
The site encompasses 10,000 square feet and is near Highways 580 and 880, as well as Eastmont Town Center.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- Approximately 885 square feet per unit; 3,560 square feet total building area
- 10,000‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,587
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,740
$1.6M
Cap Rate 7%
$1,165,529
$1.2M
Cap Rate 9%
$906,522
$906.5K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$121.8K $34.20/SF
− Vacancy
−$5.2K −$1.46/SF
EGI
$116.6K $32.74/SF
− OpEx
−$35.0K −$9.82/SF
NOI
$81.6K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,740
Cap Rate 7%
$1,165,529
Cap Rate 9%
$906,522
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,587 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$1.07M
$939.6K – $1.25M
NOI $75,170 @ 7.0% cap · market cap 8.36%
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
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 94621, CA
35,816
Population
11,078
Households
3.2
Avg Household Size
32
Median Age
13%
College-Educated
67%
High-School Grad
8.5 sq mi
ZIP Area
4,214
Density / Sq Mi
$53,106
Median Household Income
$35,199
Median Earnings
$1,527
Median Rent
$537,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate gas, electric, and water meters serve each residence, alongside a detached on-site laundry room.
Where is this quadplex located?
The property is located at 7448 Lockwood St Oakland, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; Approximately 885 square feet per unit; 3,560 square feet total building area; 10,000‑square‑foot lot
