Four-Unit Multifamily
1602 103rd Ave Oakland, CA 94603
1602 103rd Ave, Oakland, CA, 94603
$499,000
For Sale
$499,000
MULTI_FAMILY - Oakland, CA
Property Size2,394 SF
Lot Size0.12 Acres
Price / SF$208.44
Days on Market9
Property Features for 1602 103rd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Exterior features
- Back Yard
- Standard status
- Active
- APN
- 47551111
- Size
- 2,394 SF
- Lot size
- 0.12 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 4
- Flooring type
- Laminate
- Roof type
- Composition
Listing Agency
EXP Realty of California, Inc
(888) 584-9427
2603 Camino Ramon Ste 200, San Ramon, CA
Listed by
Nicholas Liesenfeld · License #01364555
(510) 606-0107
Added: Jul 10 Checked: Jul 18 at 5:06 am
MLS# 41141178
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 four-unit multifamily property offers immediate rental income with three occupied units and one vacant unit. The building contains four total units and approximately 2,394 square feet of living space, with four bedrooms and four bathrooms across the property. The site is approximately a 5,200-square-foot lot.
Located in Oakland’s established Iveywood neighborhood at 1602 103rd Ave, the property is described as being convenient to neighborhood shopping and dining, public transportation, and major commuter routes in the surrounding area.
For buyers considering ownership, this asset provides a straightforward four-unit configuration with a mix of occupied and vacant space that may be attractive for an owner seeking to manage or reposition the property over time.
Located in Oakland’s established Iveywood neighborhood at 1602 103rd Ave, the property is described as being convenient to neighborhood shopping and dining, public transportation, and major commuter routes in the surrounding area.
For buyers considering ownership, this asset provides a straightforward four-unit configuration with a mix of occupied and vacant space that may be attractive for an owner seeking to manage or reposition the property over time.
Key Highlights
- Four‑unit multifamily property in Oakland’s Iveywood neighborhood with three occupied units and one vacant unit
- Approximately 2,394 SF of living space on a 5,200 SF lot
- Four total units with 4 bedrooms and 4 bathrooms
Local Financial Insights For Apartment 5plus
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 | $87.9k | $36.72 |
| − Vacancy | −$5.5k | −$2.28 |
| EGI | $82.5k | $34.44 |
| − OpEx | −$37.1k | −$15.50 |
| NOI | $45.4k | $18.94 |
2,394 SF · lease $36.72/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$698.4K
$611.1K – $814.8K
NOI $48,886 @ 7.0% cap · market cap 9.80%
Second Best
Apartment 5plus
$647.9K
$566.9K – $755.9K
NOI $45,352 @ 7.0% cap · market cap 9.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily with three occupied units and one vacant unit, totaling four bedrooms and four bathrooms.
Where is this quadplex located?
The property is located at 1602 103rd Ave Oakland, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four‑unit multifamily property in Oakland’s Iveywood neighborhood with three occupied units and one vacant unit; Approximately 2,394 SF of living space on a 5,200 SF lot; Four total units with 4 bedrooms and 4 bathrooms
