Oakland Multifamily Investment Opportunity

856 21St St Oakland, CA 94607

Claim this Listing
For Sale
$1,150,000

MULTI_FAMILY - Oakland, CA

Property size:
4,342 SF
Lot size:
0.09 Acres
Price / SF:
$264/SF
Added:
Dec 29, 2025
Days on Market:
193
Last Refresh:
Jul 10 at 8:06 pm

Property Features for 856 21St St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Rooms
Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3
Parking features
Off Street
Window features
Window Coverings
Exterior features
Back Yard, Low Maintenance, Yard Space
Fencing
Fenced
Standard status
Active
APN
32925
Size
4,342 SF
Lot size
0.09 Acres

Utilities

Heating system
Zoned

Building Details

Year built
1885
Number of units
4
Flooring type
Vinyl, Laminate, Carpet
Building materials
Composition Shingles, Siding - Other
Roof type
Composition

Listing agent Ray J. Marquez License #01800314

Listing office EXP Realty of California, Inc 2603 Camino Ramon Ste 200, San Ramon, CA

Listing date Dec 29, 2025

MLS# 41119583 Listing URL

Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This four-unit multifamily property is located in Oakland. The property, situated at 856 21st St, offers rental potential with value-add upside for investors, developers, or owner-occupants. Each unit provides functionality with room to enhance value through updates, improved rents, or strategic renovations. The property is positioned near Downtown Oakland, Uptown, West Oakland BART, public transportation, schools, shopping, and major freeways. The property is located in an area experiencing ongoing growth and redevelopment, and offers cash flow potential and future appreciation. The lot size is 0.0911 acres. The property size is 4342 square feet.

Key Highlights

  • 4‑unit multifamily property at 856 21st St, Oakland
  • Built in 1885
  • Zoned heating

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 (±1% cap)
NOI $99,509 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M (±1% cap)
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

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Restaurant (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit property in Oakland with value-add potential.
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, Oakland; Built in 1885; Zoned heating
Contact an agent
More about this property
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