Quadplex Residential Income
23 Peroly CT Oakland, CA 94601
23 Peroly CT, Oakland, CA, 94601
$850,000
For Sale
$850,000
MULTI_FAMILY - OAKLAND, CA
Property Size2,754 SF
Lot Size0.12 Acres
Price / SF$308.64
Days on Market23
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
75 E Santa Clara St, San Jose, CA
Listed by
Adriana Perez-bell · License #02198845
(408) 568-4468
Added: Jun 26 Checked: Jul 18 at 6:06 am
MLS# ML82039240
Listing URL
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.
Investment Insights
Based on property information with market context.
This offering is a quadplex-style multifamily residential income property totaling 2,754 square feet on a 0.1172-acre lot. It is listed for sale as a dedicated income-producing structure within the RM3 S13 zoning designation.
The property is located at 23 Peroly Ct in Oakland, CA 94601. The listing information identifies the site size and overall building square footage, along with the applicable zoning, which can be important for buyers evaluating residential use and redevelopment considerations within the RM3 S13 framework.
For investors and owner-operators seeking a small-balance residential income asset, a quadplex configuration can offer a straightforward way to diversify rental exposure within a single property. Buyers who plan to hold or reposition the asset may find the defined site size, building size, and zoning designation useful when underwriting operating plans and compliance requirements. Brokers and tenant representatives can also use the zoning and property-type detail to align expectations around allowable residential use for the next phase of occupancy.
The property is located at 23 Peroly Ct in Oakland, CA 94601. The listing information identifies the site size and overall building square footage, along with the applicable zoning, which can be important for buyers evaluating residential use and redevelopment considerations within the RM3 S13 framework.
For investors and owner-operators seeking a small-balance residential income asset, a quadplex configuration can offer a straightforward way to diversify rental exposure within a single property. Buyers who plan to hold or reposition the asset may find the defined site size, building size, and zoning designation useful when underwriting operating plans and compliance requirements. Brokers and tenant representatives can also use the zoning and property-type detail to align expectations around allowable residential use for the next phase of occupancy.
Key Highlights
- Natural gas heating
- Public water source
- Composition roof
Local Financial Insights For Multifamily LT 5
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 | $94.2k | $34.20 |
| − Vacancy | −$4.0k | −$1.44 |
| EGI | $90.2k | $32.76 |
| − OpEx | −$27.1k | −$9.83 |
| NOI | $63.2k | $22.93 |
2,754 SF · lease $34.20/SF/yr · vacancy 4.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four-unit Oakland residential income property offered for sale in RM3 S13 zoning.
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: Natural gas heating; Public water source; Composition roof
