Fourplex Income Property with
7448 Lockwood St Oakland, CA 94621
7448 Lockwood St, Oakland, CA, 94621
$899,000
For Sale
$899,000
Well-maintained fourplex with four 2-bedroom, 1-bath units, each separately metered, plus a detached on-site laundry room.
Property Size3,560 SF
Price / SF$252.53
Days on Market373
Property Features for 7448 Lockwood St
General Information
- Standard status
- Active
- Size
- 3,560 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1957
Listing agency
Keller Williams Tri-Valley
(925) 397-4200
Listed by
Jason Pugao · License #01908325
Source
Exitrealty
Added: Jul 14, 2025 Updated: Jul 21 at 7:11AM Checked: Jul 21 at 7:11AM
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 Keller Williams Tri-Valley
Investment Insights
Based on property information with market context.
This well-maintained fourplex at 7448 Lockwood St includes four separate 2-bedroom, 1-bath units. Each unit offers approximately 885 square feet of living space and is separately metered for gas, electricity, and water. An additional income opportunity is provided by a detached on-site laundry room.
The property sits on a large, flat 10,000 square foot lot. It is located near Highways 580 and 880 and just minutes from Eastmont Town Center, supporting convenient commuter access.
With four independently metered units and an on-site laundry component, the property is set up as a straightforward residential income asset. The lot size also offers development potential for additional units or expansion, subject to buyer verification.
The property sits on a large, flat 10,000 square foot lot. It is located near Highways 580 and 880 and just minutes from Eastmont Town Center, supporting convenient commuter access.
With four independently metered units and an on-site laundry component, the property is set up as a straightforward residential income asset. The lot size also offers development potential for additional units or expansion, subject to buyer verification.
Key Highlights
- Fourplex built in 1957 with four 2‑bedroom, 1‑bath units
- Each unit offers approximately 885 sq ft of living space
- Units are separately metered for gas, electricity, and water
Local 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 | $121.8k | $34.20 |
| − Vacancy | −$5.2k | −$1.46 |
| EGI | $116.6k | $32.74 |
| − OpEx | −$35.0k | −$9.82 |
| NOI | $81.6k | $22.92 |
3,560 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,587 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$1.07M
$939.6K – $1.25M
NOI $75,170 @ 7.0% cap · market cap 8.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with four 2-bedroom, 1-bath units, each separately metered, plus a detached on-site laundry room.
Where is this quadplex located?
The property is located at 7448 Lockwood St Oakland, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fourplex built in 1957 with four 2‑bedroom, 1‑bath units; Each unit offers approximately 885 sq ft of living space; Units are separately metered for gas, electricity, and water
