
Oakland, California 94611
This Quadruplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at a List Price of $1,200,000—positioned well above the $1,013,687 Fair Market Value. While the property commands a premium, its Condition Rating of 3 reflects extensive modern renovations, including updated electrical and plumbing. With 100% occupancy, a 6.00% cap rate, and rare amenities like secure gated parking and in-unit laundry, this property offers immediate cash flow. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stabilized, high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 74 Pearl St Subject | $1,200,000* List Price | 0 | 0 | 3,160 | $321 | - |
A 219 John St Sold | $1,042,000 | 0 | 0 | 3,914 | $266 | 0.9 mi |
B 4277 Howe St Sold | $1,180,000 | 0 | 0 | 0 | 0.8 mi | |
C 84 Monte Vista Ave Active | $995,000 List Price | 0 | 0 | 3,220 | $309 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1926 but extensively renovated; 75% of units feature new electrical, plumbing, sheetrock, and modern kitchens with granite countertops and updated bathrooms. The property is well-maintained, fully functional, and move-in ready.
Three of the four units have been comprehensively updated with new electrical, plumbing, sheetrock, and modern kitchens, significantly reducing immediate capital expenditure for the buyer.
The property offers immediate cash flow with a 6.00% cap rate and 100% occupancy, representing a stabilized and attractive investment in a high-demand rental market.
Rare urban features including secure gated parking, in-unit washer/dryers, and private storage sheds for each unit enhance tenant retention and justify premium rents.
One of the four units remains unrenovated, creating a discrepancy in finish quality across the building and requiring future investment to maximize the property's total rent potential.
The property is zoned for elementary and middle schools with low ratings (2/10), which may limit the long-term appeal for a segment of the tenant market despite the desirable neighborhood.
To access the marketing package copy/paste: https://bit.ly/kitehillre 74 Pearl Street presents an outstanding opportunity to acquire a fourplex in Oakland's desirable Harrison neighborhood, just minutes from Adams Point, Lake Merritt, Downtown Oakland, and major commuter routes. Surrounded by restaurants, cafés, shopping, and public transportation, the property enjoys a prime location in one of Oakland's most sought-after rental markets. The property consists of four spacious 1-bedroom, 1-bathroom units totaling over 3,200 square feet on a 5,000 square foot lot. Three of the four units have been extensively renovated with new sheetrock, flooring, ceilings, electrical, plumbing, modern kitchens, and beautifully updated bathrooms. Bright, sun-filled interiors, updated finishes, and large floor plans continue to attract quality tenants. Currently 100% occupied, the property offers immediate cash flow at an attractive 6.00% cap rate and 10.77 GRM, making it an excellent opportunity for both owner-occupants and first-time or seasoned investors. Additional features include in-unit washer/dryers, separately metered PG&E paid by tenants, secure gated rear parking with an electronic security gate, and two Tuff Sheds configured into four private storage rooms—one for each unit. With strong in-place income, quality renovations, and an exceptional location, 74 Pearl Street represents outstanding value in today's multifamily market.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
Grades 2-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,160 | 2,547 |
| Lot Size | 5,000 | 4,475 |
| Price | $1.20M | $860.2K |
| Price per sq ft | $380 | $344 |
| Built year | 1926 | 1920 |
| HOA | $0 | $0 |
| Days on market | 5 | 56 |
Jul 17, 2026
$1,200,000
Initial Listing
May 14, 2014
$788,000
Public Record