Ten-Unit Apartment
4121 Opal Street Oakland, CA 94609
4121 Opal Street, Oakland, CA, 94609
$1,995,000
For Sale
$1,995,000
10-unit apartment building located in Oakland’s Temescal neighborhood.
Property Size5,904 SF
Price / SF$337.91
Days on Market125
Property Features for 4121 Opal Street
General Information
- Standard status
- Active
- Size
- 5,904 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1962
Listing agency
Marcus & Millichap
(650) 546-1030
Listed by
Eymon Binesh · License #02060059
(650) 546-1030
Source
Exitrealty
Added: Mar 20 Updated: Jul 21 at 3:26PM Checked: Jul 22 at 6:13AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
Marcus & Millichap presents 4121 Opal Street, a 10-unit apartment building in Oakland’s Temescal neighborhood. The property is offered for sale as a multifamily income asset.
Based on the provided remarks, the building is positioned for tenant convenience with immediate access to shopping, dining, and entertainment along Telegraph Avenue, Broadway, and Piedmont Avenue, placing residents within walkable reach of Oakland’s urban corridor.
No additional building details or unit configuration information are provided in the supplied materials.
Based on the provided remarks, the building is positioned for tenant convenience with immediate access to shopping, dining, and entertainment along Telegraph Avenue, Broadway, and Piedmont Avenue, placing residents within walkable reach of Oakland’s urban corridor.
No additional building details or unit configuration information are provided in the supplied materials.
Key Highlights
- 10‑unit apartment building in Oakland’s Temescal neighborhood
- Year built: 1962
- Offered at $199,000 per unit
Local Financial Insights For Apartment 5plus
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 | $237.3k | $40.20 |
| − Vacancy | −$10.7k | −$1.81 |
| EGI | $226.7k | $38.39 |
| − OpEx | −$102.0k | −$17.28 |
| NOI | $124.7k | $21.12 |
5,904 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,663 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.93M
$1.69M – $2.26M
NOI $135,306 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 10-unit apartment building located in Oakland’s Temescal neighborhood.
Where is this apartment building located?
The property is located at 4121 Opal Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 10‑unit apartment building in Oakland’s Temescal neighborhood; Year built: 1962; Offered at $199,000 per unit
