Four-Unit Quadplex With Garage
905 E 24Th St Oakland, CA 94606
905 E 24Th St, Oakland, CA, 94606
$879,000
For Sale
$879,000
Four updated residential units with on-site laundry and dedicated parking, offering a strong live-in or income setup.
Property Size3,211 SF
Lot Size0.11 Acres
Price / SF$273.75
Days on Market76
Property Features for 905 E 24Th St
General Information
- Standard status
- Active
- Size
- 3,211 SF
- Lot size
- 0.11 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1966
Listing agency
(510) 299-4015
Listed by
Della A. Brewer
(510) 299-4015
Source
Elliman
Added: May 9 Updated: Jul 21 at 10:15PM Checked: Jul 22 at 12:26PM
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 Della A. Brewer
Investment Insights
Based on property information with market context.
This four-unit quadplex provides 3,211 sq. ft. of total living space across a unit mix of one 3BD/1BA, two 2BD/1BA, and one 1BD/1BA. Kitchens and baths have already been updated, with the remaining work limited to additional cosmetic and operational TLC as needed.
The property sits on a 4,850 sq. ft. lot and includes garage parking for four vehicles plus four additional driveway spaces. An on-site laundry room supports resident convenience.
The location is described as transit-rich, with proximity to Lake Merritt BART as well as I-580 and I-880, and minutes to Lake Merritt, Laney College, and Highland Hospital.
The property sits on a 4,850 sq. ft. lot and includes garage parking for four vehicles plus four additional driveway spaces. An on-site laundry room supports resident convenience.
The location is described as transit-rich, with proximity to Lake Merritt BART as well as I-580 and I-880, and minutes to Lake Merritt, Laney College, and Highland Hospital.
Key Highlights
- 4‑unit quadplex built in 1966 with 3,211 sq. ft. of total living space on a 4,850 sq. ft. lot
- Unit mix includes one 3BD/1BA, two 2BD/1BA, and one 1BD/1BA
- Kitchens and baths have already been updated
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 | $104.0k | $32.40 |
| − Vacancy | −$5.4k | −$1.69 |
| EGI | $98.6k | $30.71 |
| − OpEx | −$29.6k | −$9.21 |
| NOI | $69.0k | $21.50 |
3,211 SF · lease $32.40/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$986.1K
$862.8K – $1.15M
NOI $69,024 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$901.2K
$788.6K – $1.05M
NOI $63,085 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,390 @ 7.0% cap · market cap 11.65%
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 - Four updated residential units with on-site laundry and dedicated parking, offering a strong live-in or income setup.
Where is this quadplex located?
The property is located at 905 E 24Th St Oakland, CA.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 4‑unit quadplex built in 1966 with 3,211 sq. ft. of total living space on a 4,850 sq. ft. lot; Unit mix includes one 3BD/1BA, two 2BD/1BA, and one 1BD/1BA; Kitchens and baths have already been updated
