128 Catron Dr, Oakland, California 94603, Oakland, 94603 - 0 bed, 0 bath
Loading property details...
Oakland, California 94603
This Income-Generating Quadruplex represents a High-Potential Investment Opportunity with a List Price of $825,000, aligning with its $825,000 Fair Market Value. The asset delivers a robust 7.24% Cap Rate and an estimated $8,350 monthly rental income, supported by a Fair Condition Rating and recent cosmetic upgrades. With two units delivered vacant, the property provides immediate flexibility for market-rate leasing or a strategic house-hack. Located near Oakland Airport and John Muir Middle School, this well-maintained 4-plex is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to eliminate housing costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 128 Catron Dr Subject | $825,000* List Price | 0 | 0 | 3,038 | $272 | - |
A 107 Catron Dr Active | $785,000 List Price | 0 | 0 | 3,038 | $258 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this property has received some recent cosmetic updates like fresh paint and new laminate flooring, making it move-in ready. However, the kitchen features basic white appliances, laminate countertops, and dated white cabinets. The bathroom also shows an older style with a pedestal sink and sliding shower doors. Heating is provided by wall-mounted units, not central HVAC. While functional and well-maintained, the key areas of the kitchen and bathroom, along with the heating system, are outdated in style and features, aligning with the 'Fair' category where major components are functional but show signs of being outdated.
The property boasts a high cap rate of 7.24% and a low Gross Rent Multiplier (GRM) of 8.98, indicating strong investment potential and efficient income generation.
Significant recent capital improvements have been made, leading to low maintenance costs and enhancing the property's appeal and tenant satisfaction.
With two units delivered vacant, the property offers immediate flexibility for an owner-occupant to reduce housing costs or for an investor to place new tenants at market rates.
Several nearby high schools have low ratings (1-3), which may be a deterrent for families with school-aged children considering the area.
While proximity to Oakland Airport is a strength for access, it could also lead to potential noise pollution from aircraft and increased local traffic, impacting tenant comfort.
Built in 1965, the property is nearly 60 years old. Despite recent improvements, older structures can present long-term maintenance considerations and potential for unforeseen issues typical of properties of this vintage.
Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,038 | 2,678.5 | 67% |
| Lot Size | 5,879 | 6,625 | 33% |
| Price | $825.0K | $800.0K | 50% |
| Price per sq ft | $272 | $283 | 50% |
| Built year | 1965 | 1960 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 174 | 17% |
Mar 12, 2026
$825,000
$849,999
-3% Price Drop
Initial Listing
Jan 16, 2026
$849,999
Initial Listing
Mar 22, 2024
$775,000
Public Record
Sep 9, 2016
$500,000
Public Record
Jul 29, 2015
$602,000
Public Record
May 18, 2010
$155,000
Public Record
Jan 3, 2007
$550,000
Public Record