Four-Unit Residential Income
For Sale
$785,000
1817 73Rd Ave, Oakland, CA 94621
Quadplex features four 2-bedroom, 1-bath units with separate gas, electric, and water meters.
Property Size3,092 SF
Price / SF$253.88
Days on Market166
Property Features for 1817 73Rd Ave
General Information
Standard status
Active
Size
3,092 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Hegenberger
Additional Details
Multifamily Units
4
Building Details
Year Built
1952
Listing Agency:
COMMUNITY REALTY & INVESTMENTS
Listed By:
Erica Marr · License #01274733
(510) 562-5053
Source:
Exitrealty
Added: May 12
Changed: Oct 10
Last Checked: Oct 9 at 5:39PM
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 COMMUNITY REALTY & INVESTMENTS
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Investment Insights
Based on property information with market context.
This four-unit residential income property consists of 4 units, each configured with 2 bedrooms and 1 bathroom. The property’s layout allows for independent utility billing, with separate gas/electric and water meters.
Located at 1817 73Rd Ave in Oakland, CA 94621, the building offers a live-in-and-rent option with the potential to occupy one unit while generating rental income from the remaining three.
With all units sharing the same 2-bedroom, 1-bath configuration and metering separation, the property provides a straightforward structure for managing an income-oriented residential asset.
Located at 1817 73Rd Ave in Oakland, CA 94621, the building offers a live-in-and-rent option with the potential to occupy one unit while generating rental income from the remaining three.
With all units sharing the same 2-bedroom, 1-bath configuration and metering separation, the property provides a straightforward structure for managing an income-oriented residential asset.
Key Highlights
- Quadplex built in 1952 with four 2‑bedroom, 1‑bath units
- Separate gas, electric, and water meters for individual units
- Unit mix: 4 units total, each with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,862
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,417,240
$1.4M
Cap Rate 7%
$1,012,314
$1.0M
Cap Rate 9%
$787,356
$787.4K
Market Conditions
NOI Build-Up for 3,092 SF
Gross rent
$105.7K $34.20/SF
− Vacancy
−$4.5K −$1.46/SF
EGI
$101.2K $32.74/SF
− OpEx
−$30.4K −$9.82/SF
NOI
$70.9K $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%
$1,417,240
Cap Rate 7%
$1,012,314
Cap Rate 9%
$787,356
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$885.8K – $1.18M
NOI $70,862 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$932.7K
$816.1K – $1.09M
NOI $65,288 @ 7.0% cap · market cap 8.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex features four 2-bedroom, 1-bath units with separate gas, electric, and water meters.
Where is this quadplex located?
The property is located at 1817 73Rd Ave Oakland, CA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Quadplex built in 1952 with four 2‑bedroom, 1‑bath units; Separate gas, electric, and water meters for individual units; Unit mix: 4 units total, each with 2 bedrooms and 1 bathroom
