4-Unit Multifamily
For Sale
$689,000
2508 79th Avenue, Oakland, CA 94605
ResidentialIncome, Oakland, CA
Property Size2,060 SF
Lot Size0.08 Acres
Price / SF$334.47
Days on Market55
Property Features for 2508 79th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-3
Elementary school
OaklandUnified
High school
OaklandUnified
Elementary school district
OaklandUnified
High school district
OaklandUnified
Subdivision
OaklandZipCode94621
Standard status
Active
APN
040-3384-031
Size
2,060 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
0
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Building Details
Year built
1926
Floors in Building
2
Number of units
4
Flooring type
Linoleum
Roof type
Composition, Flat
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Jolas Felix · License #02191051
(415) 939-5534
Added: Sep 4
Changed: Oct 28
Last Checked: Oct 28 at 7:06AM
MLS# ML82060171
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4-unit multifamily property contains 2,060 square feet on a 0.0838-acre lot. Built in 1926, the building has linoleum flooring, forced-air and central heating, and a flat, composition roof. Public sewer serves the property, which is zoned RM-3.
Key Highlights
- Four residential units
- 2,060 square feet on a 0.0838‑acre lot
- RM‑3 zoning
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
Who owns this building?
See the owner, sales and loan history
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 - RM-3 zoning and central heating serve a compact residential income property.
Where is this quadplex located?
The property is located at 2508 79th Avenue 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 residential units; 2,060 square feet on a 0.0838‑acre lot; RM‑3 zoning
