Quadplex with Renovated Vacant
For Sale
$880,000
6928 Fresno Street, Oakland, CA 94605
Income property with updated systems, individual electric metering, and one available residence.
Property Size3,820 SF
Days on Market239
Property Features for 6928 Fresno Street
General Information
Standard status
Active
Size
3,820 SF
Property subtype
Quadruplex
Units
Unit Mix
1 x 3BR/1BA, 3 x 2BR/1BA
Multifamily Units
4
Amenities
Security System
Wall Furnace
Washer/Dryer - Some Units
Public Utilities, Individual Electric Meters, Tar/Gravel
Building Details
Building Size
3,820 SF
Year Built
1954
Listing Agency:
Value Pacific Realty
Listed By:
Andarge Taye
(408) 469-0262
Source:
Kw
Added: Feb 20
Changed: Oct 16
Last Checked: Oct 16 at 8:21AM
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 Value Pacific Realty
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Investment Insights
Based on property information with market context.
This Oakland quadplex contains four residences: one 3-bedroom, 1-bath unit and three 2-bedroom, 1-bath units. One 2-bedroom residence is vacant following a full renovation and includes a separate dining area and laundry hookups. The property was built in 1954 and has received updated kitchens and bathrooms, new water heaters, a new sewer lateral, exterior paint, and ongoing maintenance. Wall furnaces and a security system are among the interior features.
Three units are occupied. Laundry hookups are available in three units, while tenants pay electricity and water through individual meters, along with their own utilities except garbage and common-area lighting. Public utilities and a tar/gravel exterior are noted. The vacant residence may accommodate an owner-occupant or be leased separately.
Three units are occupied. Laundry hookups are available in three units, while tenants pay electricity and water through individual meters, along with their own utilities except garbage and common-area lighting. Public utilities and a tar/gravel exterior are noted. The vacant residence may accommodate an owner-occupant or be leased separately.
Key Highlights
- Four‑unit configuration with one 3bed/1bath residence and three 2bed/1bath residences
- One fully renovated 2bedroom unit is vacant and includes separate dining space and laundry hookups
- New sewer lateral and water heaters installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,324
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,480
$1.5M
Cap Rate 7%
$1,104,629
$1.1M
Cap Rate 9%
$859,156
$859.2K
Market Conditions
NOI Build-Up for 3,820 SF
Gross rent
$116.9K $30.60/SF
− Vacancy
−$6.4K −$1.68/SF
EGI
$110.5K $28.92/SF
− OpEx
−$33.1K −$8.68/SF
NOI
$77.3K $20.24/SF
Area
ZIP 94605
Vacancy
5.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,480
Cap Rate 7%
$1,104,629
Cap Rate 9%
$859,156
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$966.6K – $1.29M
NOI $77,324 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$990.2K
$866.4K – $1.16M
NOI $69,313 @ 7.0% cap · market cap 7.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
Explore this area
Business Placement
Demographics for 94605, CA
44,294
Population
17,686
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
5,033
Density / Sq Mi
$101,043
Median Household Income
$62,590
Median Earnings
$1,867
Median Rent
$840,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Income property with updated systems, individual electric metering, and one available residence.
Where is this quadplex located?
The property is located at 6928 Fresno Street Oakland, CA.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Four‑unit configuration with one 3bed/1bath residence and three 2bed/1bath residences; One fully renovated 2bedroom unit is vacant and includes separate dining space and laundry hookups; New sewer lateral and water heaters installed
