667 10Th St, Oakland, CA 94607

Built in 1909, this Victorian fourplex retains original character with features including bay windows, built-in cabinetry, and hardwood floors. The property has a new 2025 roof, described as the largest near-term capital item addressed. Current income includes gross annual rents of $96,756, with stated potential to reach $125,484 based on leasing: vacant 2BR units at $2,700 and a long-tenured 3BR moving toward $3,200. The owner has reported net operating income of $58,000, with the figures presented lifting NOI to $82,000. Utility setup includes four electric meters and three gas meters, with the owner paying only garbage. The studio and adjacent 2BR can be combined into a larger unit, providing flexibility for tenant configurations.

Located in the heart of downtown Oakland, the property is positioned within the city’s downtown mixed-use zoning framework. The remarks note convenient access to BART and I-980/I-580, with proximity to downtown’s retail and employment core. Transit and mobility scores provided include a Walk Score of 81 and Bike Score of 95, with a Transit Score of 55.

This configuration can suit an owner-occupier or a first-time multifamily buyer seeking to manage a smaller income property in a central area. For investors, the unit mix and reported vacancy/lease-up scenarios support careful underwriting around in-place versus target rents, with the recent roof replacement reducing near-term uncertainty.