
Oakland, California 94603
This Prime Investment Opportunity is a four-unit multifamily asset listed at $900,000, positioned well below the $921,982 Fair Market Value by 2%. This valuation gap offers $21,982 in Instant Equity. Featuring a 4-unit 3-bedroom/1-bathroom configuration with dedicated off-street parking and a private deck, the property maintains a Condition Rating of 4. With a cap rate exceeding 7.5%, this is a stable, high-yield acquisition ideal for Buy-and-Hold Investors or multifamily portfolio managers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10582 Topanga Dr Subject 0 bd · 0 ba · 3,584 sqft · $255 | $900,000* List Price | 0 | 0 | 3,584 | $255 | - |
A 128 Catron Dr Active 0 bd · 0 ba · 3,038 sqft · $263 · 0.2 mi | $799,000 List Price | 0 | 0 | 3,038 | $263 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this quadruplex is functional and features a recently painted exterior. However, the interiors are dated, showing older kitchen cabinetry, basic tile/laminate flooring, and old-style vertical wall heaters rather than a modern central HVAC system.
The property boasts a cap rate exceeding 7.5% and an 8.76 GRM, offering investors immediate high-yield cash flow at a competitive price point of $225,000 per unit.
Featuring a uniform mix of four spacious 3-bedroom apartments, the property caters to high demand for larger family-sized units, distinguishing it from typical smaller-unit multifamily assets.
The inclusion of 1:1 off-street parking for every unit provides a significant competitive advantage in the Oakland rental market, enhancing tenant retention and property value.
The local public schools, including Castlemont High and Madison Park Academy, carry low ratings (1-3), which may limit the property's appeal to education-focused long-term tenants.
Located in the Sobrante Park neighborhood of East Oakland, the property may require more intensive management and oversight compared to other Bay Area submarkets.
To access the marketing package copy/paste: https://bit.ly/kitehillre 10582 Topanga Dr presents an attractive opportunity to acquire a four-unit multifamily property in Oakland’s Sobrante Park neighborhood. Offered at $900,000, the property features a desirable unit mix of four spacious 3-bedroom, 1-bathroom apartments, along with 1:1 off-street parking. The property offers strong in-place income with a cap rate above 7.5% and an 8.76 GRM. At just $225,000 per unit, investors can acquire four large 3-bedroom apartments at a compelling basis while benefiting from solid cash flow. The property has also been recently painted, improving its overall curb appeal. The all-3-bedroom unit mix is a standout feature, offering larger floor plans that appeal to households seeking additional space. Combined with dedicated off-street parking for every unit, the property provides features that help differentiate it from many competing multifamily properties in the area. Located in Sobrante Park in East Oakland, 10582 Topanga Dr is approximately a 10-minute drive from Oakland International Airport and offers convenient access to Costco, Home Depot, Walmart, I-880, and other major East Bay amenities. With strong current income, large units, dedicated parking, and an attractive $900,000 asking price, 10582 Topanga Dr offers investors a compelling combination of cash flow and value in the Oakland multifamily market.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,584 | 2,403.227 |
| Lot Size | 5,378 | 4,461.364 |
| Price | $900.0K | $900.8K |
| Price per sq ft | $251 | $343 |
| Built year | 1965 | 1919 |
| HOA | $0 | $0 |
| Days on market | 43 | 67 |
Sep 11, 2026
$900,000
Initial Listing
Jul 10, 2015
$485,000
Public Record
May 12, 2004
$615,000
Public Record