Occupied Four-Unit
For Sale
$699,000
1820 International Blvd, Oakland, CA 94606
Residential Income, Oakland, CA
Property Size2,147 SF
Lot Size0.08 Acres
Price / SF$325.57
Days on Market62
Property Features for 1820 International Blvd
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5
Parking features
Guest, Carport, Covered, Parking Lot
Security features
Security
Exterior features
Front Yard
Subdivision
SAN ANTONIO
Lot features
Garden, Security Gate
Standard status
Active
APN
2014717
Size
2,147 SF
Lot size
0.08 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1901
Flooring type
Laminate, Concrete, Hardwood
Building materials
Vinyl Siding, Wood Siding
Listing Agency:
Corcoran Icon Properties · Better Homes and Gardens Real Estate
(510) 428-0900
Listed By:
Claire Anderson · License #01513554
(510) 435-7822
Added: Jun 30
Changed: Aug 26
Last Checked: Aug 30 at 12:06AM
MLS# 41140135
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.
Investment Insights
Based on property information with market context.
This 2,147-square-foot quadplex contains four tenant-occupied residences with a mix of floor plans and separate PG&E meters. The largest unit includes a full bathroom, attic storage, and an in-unit washer and dryer. Construction dates to 1901, with vinyl and wood siding, laminate, concrete, and hardwood flooring, along with natural-gas heating. A front yard and covered parking are also provided.
Recent work includes sewer lateral compliance, sidewalk improvements, and other property updates. The property is served by public water and public sewer and is located on International Boulevard in Oakland, near major transportation corridors, shopping, restaurants, and everyday services. Its configuration also supports consideration of an owner-occupant arrangement while the remaining residences generate rental income.
Recent work includes sewer lateral compliance, sidewalk improvements, and other property updates. The property is served by public water and public sewer and is located on International Boulevard in Oakland, near major transportation corridors, shopping, restaurants, and everyday services. Its configuration also supports consideration of an owner-occupant arrangement while the remaining residences generate rental income.
Key Highlights
- Four tenant‑occupied units in a quadplex configuration
- 2,147 SF building on a 0.0803‑acre lot
- Separate PG&E meters serve the residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,152
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$923,040
$923.0K
Cap Rate 7%
$659,314
$659.3K
Cap Rate 9%
$512,800
$512.8K
Market Conditions
NOI Build-Up for 2,147 SF
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.
Gross rent
$69.6K $32.40/SF
− Vacancy
−$3.6K −$1.69/SF
EGI
$65.9K $30.71/SF
− OpEx
−$19.8K −$9.21/SF
NOI
$46.2K $21.50/SF
Area
ZIP 94606
Vacancy
5.22%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$923,040
Cap Rate 7%
$659,314
Cap Rate 9%
$512,800
Alternative Uses
Best Use
Multifamily LT 5
$659.3K
$576.9K – $769.2K
NOI $46,152 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$602.6K
$527.3K – $703.0K
NOI $42,181 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$978.0K
$855.8K – $1.14M
NOI $68,462 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
Demographics for 94606, CA
40,768
Population
17,457
Households
2.3
Avg Household Size
37
Median Age
40%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
17,725
Density / Sq Mi
$70,769
Median Household Income
$47,558
Median Earnings
$1,775
Median Rent
$747,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied residences with separate PG&E meters, varied floor plans, and recent site improvements.
Where is this quadplex located?
The property is located at 1820 International Blvd Oakland, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four tenant‑occupied units in a quadplex configuration; 2,147 SF building on a 0.0803‑acre lot; Separate PG&E meters serve the residences
