Renovated Fourplex with In-Unit
New
For Sale
$1,200,000
74 Pearl Street, Oakland, CA 94611
Four 1-bedroom units with three fully renovated interiors, in-unit washer/dryers, and gated rear parking; 100% occupied.
Lot Size0.11 Acres
Days on Market7
Property Features for 74 Pearl Street
General Information
Standard status
Active
Lot size
0.11 Acres
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Cap Rate
6%
Fenced Yard
Yes
Multifamily Units
4
Amenities
in-unit washer/dryers
secure gated parking
private storage rooms
Building Details
Building Size
3,160 SF
Year Built
1926
Tenancy
Multi
Listing Agency:
Kite Hill Real Estate
(415) 795-2797
Listed By:
Jatin Mehta · License #02045713
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 1 at 6:03AM
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 Kite Hill Real Estate
Investment Insights
Based on property information with market context.
74 Pearl Street is a fourplex in Oakland’s Harrison neighborhood featuring four 1-bedroom, 1-bathroom units. The property totals four spacious floor plans, with three of the four units extensively renovated, including new sheetrock, flooring, ceilings, electrical, plumbing, modern kitchens, and updated bathrooms.
The building is currently 100% occupied, providing immediate income. Additional in-unit features include washer/dryers, and utilities are separately metered with PG&E paid by tenants.
Outside, the property offers secure gated rear parking with an electronic security gate, along with two Tuff Sheds configured into four private storage rooms—one for each unit. The location places residents near Adams Point, Lake Merritt, Downtown Oakland, and major commuter routes, with access to surrounding dining, shopping, and public transportation.
The building is currently 100% occupied, providing immediate income. Additional in-unit features include washer/dryers, and utilities are separately metered with PG&E paid by tenants.
Outside, the property offers secure gated rear parking with an electronic security gate, along with two Tuff Sheds configured into four private storage rooms—one for each unit. The location places residents near Adams Point, Lake Merritt, Downtown Oakland, and major commuter routes, with access to surrounding dining, shopping, and public transportation.
Key Highlights
- Fourplex on 74 Pearl Street with four 1BD/1BA units totaling over 3,200 SF on a 5,000 SF lot
- 3,200+ SF fourplex with 100% occupancy for immediate in‑place income
- Three units extensively renovated with new sheetrock, flooring, ceilings, electrical, plumbing, modern kitchens, and updated bathrooms
Financial Insights For Multifamily LT 5
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 | $87.2k | $27.60 |
| − Vacancy | −$3.9k | −$1.24 |
| EGI | $83.3k | $26.36 |
| − OpEx | −$25.0k | −$7.91 |
| NOI | $58.3k | $18.45 |
3,160 SF · lease $27.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$832.9K
$728.8K – $971.7K
NOI $58,304 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$770.7K
$674.3K – $899.1K
NOI $53,946 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,182 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
7,059
Businesses Nearby
Explore this area
Business Placement
Demographics for 94611, CA
40,262
Population
19,014
Households
2.1
Avg Household Size
44
Median Age
78%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,515
Density / Sq Mi
$176,517
Median Household Income
$105,393
Median Earnings
$2,274
Median Rent
$1,485,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four 1-bedroom units with three fully renovated interiors, in-unit washer/dryers, and gated rear parking; 100% occupied.
Where is this quadplex located?
The property is located at 74 Pearl Street Oakland, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fourplex on 74 Pearl Street with four 1BD/1BA units totaling over 3,200 SF on a 5,000 SF lot; 3,200+ SF fourplex with 100% occupancy for immediate in‑place income; Three units extensively renovated with new sheetrock, flooring, ceilings, electrical, plumbing, modern kitchens, and updated bathrooms
