Four-Unit Multifamily
For Sale
$689,000
2508 79th Ave, Oakland, CA 94605
Multi-unit residential property with walkable access to transit, shopping, schools, and everyday amenities.
Property Size2,060 SF
Price / SF$334.47
Days on Market59
Property Features for 2508 79th Ave
General Information
Standard status
Active
Size
2,060 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Elmhurst
Public Transit
Yes
Additional Details
Multifamily Units
4
Listing Agency:
eXp Realty of California Inc
Listed By:
Jolas Felix · License #02191051
(415) 939-5534
Source:
Exprealty
Added: Sep 4
Changed: Oct 28
Last Checked: Nov 1 at 8:39AM
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 eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
This multifamily property contains four units and was built in 1926. The asset is located at 2508 79th Ave in Oakland, California, providing a defined residential income-property configuration in an established urban setting.
Walk Score is 76, rated Very Walkable, while Bike Score is 61, rated Bikeable. Transit Score is 55, rated Good Transit. The surrounding context includes access to transportation, shopping, schools, and everyday amenities.
Walk Score is 76, rated Very Walkable, while Bike Score is 61, rated Bikeable. Transit Score is 55, rated Good Transit. The surrounding context includes access to transportation, shopping, schools, and everyday amenities.
Key Highlights
- Four‑unit multifamily property
- Built in 1926
- Located at 2508 79th Ave, Oakland, CA 94605
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,698
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,960
$834.0K
Cap Rate 7%
$595,686
$595.7K
Cap Rate 9%
$463,311
$463.3K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$63.0K $30.60/SF
− Vacancy
−$3.5K −$1.68/SF
EGI
$59.6K $28.92/SF
− OpEx
−$17.9K −$8.68/SF
NOI
$41.7K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,960
Cap Rate 7%
$595,686
Cap Rate 9%
$463,311
Alternative Uses
Best Use
Multifamily LT 5
$595.7K
$521.2K – $695.0K
NOI $41,698 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$534.0K
$467.2K – $623.0K
NOI $37,378 @ 7.0% cap · market cap 5.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
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 - Multi-unit residential property with walkable access to transit, shopping, schools, and everyday amenities.
Where is this quadplex located?
The property is located at 2508 79th Ave Oakland, CA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Built in 1926; Located at 2508 79th Ave, Oakland, CA 94605
