Quadplex with Updated
For Sale
$850,000
890 31St St, Oakland, CA 94608
Three units include refreshed kitchens, alongside remodeled bathrooms and updated plumbing.
Property Size2,728 SF
Price / SF$311.58
Days on Market49
Property Features for 890 31St St
General Information
Standard status
Active
Size
2,728 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
1907
Buildings
1
Listing Agency:
BETTER HOMES REALTY/MCARTHR
(510) 562-8600
Listed By:
Varnell Owens · License #00631087
(510) 336-9200
Source:
Exitrealty
Added: Sep 1
Changed: Oct 4
Last Checked: Oct 7 at 11:24AM
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 BETTER HOMES REALTY/MCARTHR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1907, this four-unit residential income property includes updated plumbing and remodeled bathrooms. Kitchens have been updated in three of the four units, providing documented improvements across much of the building.
The property is near Highways 580 and 980 and minutes from Emeryville. Shopping, dining, public transportation, and major employment centers are identified in the surrounding area. Walk Score is 84, Bike Score is 73, and Transit Score is 60.
The property is near Highways 580 and 980 and minutes from Emeryville. Shopping, dining, public transportation, and major employment centers are identified in the surrounding area. Walk Score is 84, Bike Score is 73, and Transit Score is 60.
Key Highlights
- Four‑unit residential income property built in 1907
- Updated plumbing and remodeled bathrooms
- Updated kitchens in 3 of 4 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,520
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,400
$1.3M
Cap Rate 7%
$893,143
$893.1K
Cap Rate 9%
$694,667
$694.7K
Market Conditions
NOI Build-Up for 2,728 SF
Gross rent
$93.3K $34.20/SF
− Vacancy
−$4.0K −$1.46/SF
EGI
$89.3K $32.74/SF
− OpEx
−$26.8K −$9.82/SF
NOI
$62.5K $22.92/SF
Area
Oakland, CA
Vacancy
4.27%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,400
Cap Rate 7%
$893,143
Cap Rate 9%
$694,667
Alternative Uses
Best Use
Multifamily LT 5
$893.1K
$781.5K – $1.04M
NOI $62,520 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$822.9K
$720.0K – $960.0K
NOI $57,602 @ 7.0% cap · market cap 6.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 94608, CA
33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three units include refreshed kitchens, alongside remodeled bathrooms and updated plumbing.
Where is this quadplex located?
The property is located at 890 31St St Oakland, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit residential income property built in 1907; Updated plumbing and remodeled bathrooms; Updated kitchens in 3 of 4 units
