615 Hillsborough ST, Oakland, CA 94606
MULTI_FAMILY - Oakland, CA
- Added:
- Jun 4, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 22 at 12:06 am
Property Features for 615 Hillsborough ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 5, Bedroom 3, Basement, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 1
- Parking features
- Garage
- Window features
- Double Pane Windows
- Interior features
- Storage Area(s)
- Exterior features
- Back Yard, Yard Space, Garden
- Fireplace
- 1
- Standard status
- Active
- APN
- 2341034
- Size
- 3,706 SF
- Lot size
- 0.10 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1940
- Flooring type
- Carpet - Partial, Carpet, Vinyl, Wood
- Building materials
- Stucco
- Additional Structures
- Storage
Listing agent Teresa Lee (510) 606-6982
Listing office The GRUBB Company 1960 Mountain Blvd, Oakland, CA (510) 339-0400
Listing date Jun 4, 2026
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.
HighLights
- Fourplex with four identical units; each unit has 2 bedrooms and 1 bath with formal living and dining rooms
- Major improvements: dual‑pane windows (2024), new roof (2024), and new back fence (2025)
- Located two blocks from Lake Merritt in Cleveland Heights
- Walk Score 91 with convenient access to Lakeshore Avenue and Grand Lake dining, cafes, and shops
- Public utilities: public water and public sewer
- Garage parking, fireplace, basement, and stucco exterior with back yard, yard space, and garden
Overview
The property is located just two blocks from Lake Merritt in Cleveland Heights, providing convenient access to Lakeshore Avenue and the dining, cafes, and shopping found around Grand Lake. With a Walk Score of 91, the area supports an amenity-rich, walkable tenant experience.
For buyers, this configuration offers straightforward operations with four matching units and a maintenance record highlighted by recent roof and window replacements. For tenants, the unit layouts combine bedroom space with formal living and dining areas, while the updates support day-to-day comfort. The combination of consistent unit design and completed improvements makes this fourplex well-suited for residential income ownership in the Lake Merritt area.
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 | $140.1k | $37.80 |
| − Vacancy | −$7.7k | −$2.08 |
| EGI | $132.4k | $35.72 |
| − OpEx | −$59.6k | −$16.07 |
| NOI | $72.8k | $19.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.248265
- Latitude
- 37.804946
