Oakland
For Sale
$850,000
23 Peroly CT, Oakland, CA 94601
Residential Income (2-4 units), OAKLAND, CA
Property Size2,754 SF
Lot Size0.12 Acres
Price / SF$308.64
Days on Market113
Property Features for 23 Peroly CT
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
rM3 s13
Parking features
On Street
Standard status
Active
Size
2,754 SF
Lot size
0.12 Acres
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1948
Number of units
4
Roof type
Composition
Listing Agency:
Kollab Real Estate
(650) 250-0701
Listed By:
Adriana Perez-bell · License #02198845
(408) 568-4468
Added: Jun 26
Changed: Sep 23
Last Checked: Oct 16 at 1:06PM
MLS# ML82039240
Copyright © 2026 MLS Listings, Inc. 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 Oakland quadplex contains 2,754 square feet on a 0.1172-acre parcel. Constructed in 1948, the property has composition roofing, natural gas heating, and public water service. On-street parking is provided.
The property is located at 23 Peroly CT in Oakland, California 94601 and is identified with rM3 s13 zoning. Its established residential configuration and four-unit classification support continued use as a residential income property.
The property is located at 23 Peroly CT in Oakland, California 94601 and is identified with rM3 s13 zoning. Its established residential configuration and four-unit classification support continued use as a residential income property.
Key Highlights
- 2,754‑square‑foot quadplex on a 0.1172‑acre parcel
- Four‑unit residential income property
- Built in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,162
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,240
$1.3M
Cap Rate 7%
$902,314
$902.3K
Cap Rate 9%
$701,800
$701.8K
Market Conditions
NOI Build-Up for 2,754 SF
Gross rent
$94.2K $34.20/SF
− Vacancy
−$4.0K −$1.44/SF
EGI
$90.2K $32.76/SF
− OpEx
−$27.1K −$9.83/SF
NOI
$63.2K $22.93/SF
Area
ZIP 94601
Vacancy
4.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,240
Cap Rate 7%
$902,314
Cap Rate 9%
$701,800
Alternative Uses
Best Use
Multifamily LT 5
$902.3K
$789.5K – $1.05M
NOI $63,162 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$837.7K
$733.0K – $977.3K
NOI $58,638 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.12M
$982.2K – $1.31M
NOI $78,579 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
Explore this area
Business Placement
Demographics for 94601, CA
54,166
Population
17,454
Households
3.1
Avg Household Size
35
Median Age
24%
College-Educated
70%
High-School Grad
3.2 sq mi
ZIP Area
16,927
Density / Sq Mi
$66,651
Median Household Income
$37,765
Median Earnings
$1,651
Median Rent
$703,100
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 - Four-unit residential income property with on-street parking and public water service.
Where is this quadplex located?
The property is located at 23 Peroly CT Oakland, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,754‑square‑foot quadplex on a 0.1172‑acre parcel; Four‑unit residential income property; Built in 1948
