4-Unit
For Sale
$1,000,000
3999 Clarke St, Oakland, CA 94609
Residential Income, Oakland, CA
Property Size2,768 SF
Lot Size0.11 Acres
Price / SF$361.27
Days on Market13
Property Features for 3999 Clarke St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Basement
Parking features
None
Exterior features
Back Yard, Front Yard
Fencing
Fenced
Appliances
Electric Water Heater, Gas Water Heater
Subdivision
TEMESCAL
Lot features
Corner Lot
Standard status
Active
APN
129705
Size
2,768 SF
Lot size
0.11 Acres
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1920
Flooring type
Hardwood, Linoleum
Building materials
Stucco
Listing Agency:
Keller Williams San Francisco · Keller Williams Realty
(415) 483-9285
Listed By:
M. Nobu Ito
(415) 297-6623
Added: Oct 3
Changed: Oct 10
Last Checked: Oct 15 at 12:06PM
MLS# 41150244
Copyright © 2026 bridgeMLS. 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 Oakland quadplex contains four one-bedroom, one-bathroom apartments, with three units vacant and one occupied. The 2,768-square-foot building dates to 1920 and sits on a 0.1148-acre parcel. Exterior features include stucco construction, fenced front and back yards, and hardwood and linoleum flooring. Natural gas is available, and the property has public water and sewer service. No parking is provided.
The property is in Oakland’s Temescal neighborhood, with BART a few blocks away. Restaurants, cafes, shops, and everyday services are described as nearby, and major freeways provide regional connections.
The property is in Oakland’s Temescal neighborhood, with BART a few blocks away. Restaurants, cafes, shops, and everyday services are described as nearby, and major freeways provide regional connections.
Key Highlights
- Four one‑bedroom, one‑bathroom apartments
- Three units are vacant; one is occupied
- 2,768‑square‑foot building on a 0.1148‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,436
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,268,720
$1.3M
Cap Rate 7%
$906,229
$906.2K
Cap Rate 9%
$704,844
$704.8K
Market Conditions
NOI Build-Up for 2,768 SF
Gross rent
$94.7K $34.20/SF
− Vacancy
−$4.0K −$1.46/SF
EGI
$90.6K $32.74/SF
− OpEx
−$27.2K −$9.82/SF
NOI
$63.4K $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%
$1,268,720
Cap Rate 7%
$906,229
Cap Rate 9%
$704,844
Alternative Uses
Best Use
Multifamily LT 5
$906.2K
$793.0K – $1.06M
NOI $63,436 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$834.9K
$730.6K – $974.1K
NOI $58,446 @ 7.0% cap · market cap 5.84%
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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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,663
Businesses Nearby
Explore this area
Business Placement
Demographics for 94609, CA
23,578
Population
11,915
Households
2
Avg Household Size
36
Median Age
62%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
13,869
Density / Sq Mi
$106,698
Median Household Income
$69,221
Median Earnings
$2,116
Median Rent
$1,147,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are vacant and one is occupied; each residence has one bedroom and one bathroom.
Where is this quadplex located?
The property is located at 3999 Clarke St Oakland, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom apartments; Three units are vacant; one is occupied; 2,768‑square‑foot building on a 0.1148‑acre lot
