4-Unit Multifamily Income
856 21St St Oakland, CA 94607
856 21St St, Oakland, CA, 94607
$1,150,000
For Sale
$1,150,000
Four-unit multifamily property in Oakland, offered for sale with each unit positioned for update-based improvements.
Property Size4,342 SF
Price / SF$264.85
Days on Market199
Property Features for 856 21St St
General Information
- Standard status
- Active
- Size
- 4,342 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1885
Listing agency
EXP Realty of California, Inc
(925) 575-7605
Listed by
Ray J. Marquez · License #01800314
(925) 575-7605
Source
Exitrealty
Added: Jan 5 Updated: Jul 21 at 3:31AM Checked: Jul 22 at 9:33AM
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 EXP Realty of California, Inc
Investment Insights
Based on property information with market context.
This 4-unit multifamily property is offered for sale and presents an income-producing setup with four separate residential units. The property is described as a value-add opportunity, with room for updates, improved rents, or strategic renovations to enhance overall performance.
The building is located at 856 21st St in Oakland, positioned near Downtown Oakland, Uptown, West Oakland BART, and public transportation. It is also noted as being close to schools, shopping, and major freeways, providing practical accessibility for residents.
The offering is framed for investors, developers, or owner-occupants seeking long-term real estate ownership with flexibility to pursue improvements and continued operation of the existing fourplex configuration.
The building is located at 856 21st St in Oakland, positioned near Downtown Oakland, Uptown, West Oakland BART, and public transportation. It is also noted as being close to schools, shopping, and major freeways, providing practical accessibility for residents.
The offering is framed for investors, developers, or owner-occupants seeking long-term real estate ownership with flexibility to pursue improvements and continued operation of the existing fourplex configuration.
Key Highlights
- 4‑unit multifamily property at 856 21st St in Oakland
- Year built: 1885
- Each unit has update‑based improvement potential, including room for rent and renovation upgrades
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 | $148.5k | $34.20 |
| − Vacancy | −$6.3k | −$1.46 |
| EGI | $142.2k | $32.74 |
| − OpEx | −$42.6k | −$9.82 |
| NOI | $99.5k | $22.92 |
4,342 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,509 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,682 @ 7.0% cap · market cap 7.97%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property in Oakland, offered for sale with each unit positioned for update-based improvements.
Where is this quadplex located?
The property is located at 856 21St St Oakland, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4‑unit multifamily property at 856 21st St in Oakland; Year built: 1885; Each unit has update‑based improvement potential, including room for rent and renovation upgrades
