Four-Unit Multifamily
1640 104Th Ave, Oakland, CA 94603
For Sale
$849,000
Pending
Residential Income, Oakland, CA
Property Size3,553 SF
Lot Size0.12 Acres
Days on Market49
Property Features for 1640 104Th Ave
General Information
Property type
Property subtype
Bedrooms
Rooms
Parking
Parking features
Security features
Fencing
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
gated entry
coin-operated laundry
Building Details
Year built
Flooring type
Building materials
Listing Agency:
Corcoran Icon Properties · Better Homes and Gardens Real Estate
(510) 428-0900
Listed By:
Robert Thacher · License CA #01445321
(415) 307-3414
Added: Sep 22
Changed: Nov 2
Last Checked: Nov 9 at 11:06PM
MLS# 41149036
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1963 two-story multifamily building contains four units across 3,553 square feet on a 0.1205-acre lot. The unit mix includes one 3BR/1+BA residence, two 2BR/1BA units, and one 1BR/1BA unit. Construction includes stucco exterior, partial carpet and laminate flooring, and wall-furnace heating. The property also provides garage and open parking, with one garage space assigned to each unit.
Gated front-driveway entries secure the property, while a tenant-only coin-operated laundry facility adds an on-site amenity. Gas and electric are separately metered, and the landlord pays for water and trash removal. Two units are vacant and two are occupied at below-market rental rates. Public water and sewer serve the property.
Gated front-driveway entries secure the property, while a tenant-only coin-operated laundry facility adds an on-site amenity. Gas and electric are separately metered, and the landlord pays for water and trash removal. Two units are vacant and two are occupied at below-market rental rates. Public water and sewer serve the property.
Key Highlights
- Four‑unit, two‑story multifamily building with 3,553 square feet
- Unit mix includes one 3BR/1+BA, two 2BR/1BA, and one 1BR/1BA units
- Built in 1963 on a 0.1205‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,554
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,080
$1.5M
Cap Rate 7%
$1,036,486
$1.0M
Cap Rate 9%
$806,156
$806.2K
Market Conditions
NOI Build-Up for 3,553 SF
Gross rent
$110.9K $31.20/SF
− Vacancy
−$7.2K −$2.03/SF
EGI
$103.6K $29.17/SF
− OpEx
−$31.1K −$8.75/SF
NOI
$72.6K $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%
$1,451,080
Cap Rate 7%
$1,036,486
Cap Rate 9%
$806,156
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$906.9K – $1.21M
NOI $72,554 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$961.5K
$841.3K – $1.12M
NOI $67,307 @ 7.0% cap · market cap 7.93%
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
50%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
849
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
$596,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Oakland, CA
Properties on Market for Quadplexes in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story residential income property with gated access, garage parking, and on-site tenant laundry.
Where is this quadplex located?
The property is located at 1640 104Th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four‑unit, two‑story multifamily building with 3,553 square feet; Unit mix includes one 3BR/1+BA, two 2BR/1BA, and one 1BR/1BA units; Built in 1963 on a 0.1205‑acre lot
