4-Unit Multifamily
3404 School Street, Oakland, CA 94602
For Sale
$949,000
A vacant three-bedroom residence anchors the unit mix, with garage parking and shared laundry on site.
Property Size3,548 SF
Price / SF$267.47
Days on Market215
Property Features for 3404 School Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
on-site laundry
shared backyard
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Vince Heung
Source:
Outpostrealestate
Added: Apr 9
Changed: Nov 7
Last Checked: Nov 9 at 12:41PM
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 Compass
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Investment Insights
Based on property information with market context.
This Oakland multifamily property contains 3,548 square feet across four units, built in 1963. The mix includes one 3-bedroom, 2-bath residence, two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit; the largest unit is vacant. Improvements include updated electrical panels and a newer roof, while several units have refreshed kitchens, flooring, and bathrooms. The property also has four garages, driveway parking, a shared backyard, and a laundry room with coin-operated washer and dryer.
Each residence has separate gas and electric meters, in addition to common-area meters. Water is served by one meter, and the owner currently pays for water and garbage. The property is at 3404 School Street in Oakland, with access to I-580, public transportation, shops, and schools.
Each residence has separate gas and electric meters, in addition to common-area meters. Water is served by one meter, and the owner currently pays for water and garbage. The property is at 3404 School Street in Oakland, with access to I-580, public transportation, shops, and schools.
Key Highlights
- Four units: one 3‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath
- 3,548 square feet; built in 1963
- Vacant 3‑bedroom/2‑bath residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,312
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,240
$1.6M
Cap Rate 7%
$1,161,600
$1.2M
Cap Rate 9%
$903,467
$903.5K
Market Conditions
NOI Build-Up for 3,548 SF
Gross rent
$121.3K $34.20/SF
− Vacancy
−$5.2K −$1.46/SF
EGI
$116.2K $32.74/SF
− OpEx
−$34.8K −$9.82/SF
NOI
$81.3K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,240
Cap Rate 7%
$1,161,600
Cap Rate 9%
$903,467
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,312 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$1.07M
$936.5K – $1.25M
NOI $74,916 @ 7.0% cap · market cap 7.89%
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
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
Demographics for 94602, CA
29,702
Population
13,072
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
8,251
Density / Sq Mi
$124,744
Median Household Income
$65,401
Median Earnings
$1,924
Median Rent
$1,111,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Oakland, CA
Properties on Market for Quadplexes in Oakland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - A vacant three-bedroom residence anchors the unit mix, with garage parking and shared laundry on site.
Where is this quadplex located?
The property is located at 3404 School Street Oakland, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four units: one 3‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath; 3,548 square feet; built in 1963; Vacant 3‑bedroom/2‑bath residence
