4-Units | Oakland

Oakland remains one of the Bay Area’s most compelling multifamily investment markets, offering investors access to a large renter base, strong regional connectivity, and relative affordability compared to San Francisco and other core Bay Area markets. With multiple BART stations, direct access to I-580, I-880, Highway 24, and proximity to San Francisco, Berkeley, Emeryville, and major East Bay employment hubs, Oakland continues to attract residents seeking urban convenience at a more attainable price point. The city benefits from a diverse economic base supported by healthcare, logistics, education, professional services, small businesses, and the Port of Oakland, one of the region’s most important trade and infrastructure assets. Oakland’s ongoing economic development efforts, downtown revitalization, and investment in transportation and infrastructure continue to support long-term housing demand. Recent market reports also point to stabilizing multifamily fundamentals, limited new apartment supply, and renewed rent growth across the Oakland-Berkeley submarket. For apartment investors, Oakland presents a mix of current income, value-add potential, and long-term appreciation upside. Many of the city’s established neighborhoods feature older multifamily housing stock, creating opportunities to improve operations, renovate units, capture rental upside, and reposition assets over time. As homeownership remains out of reach for many Bay Area residents, well-located Oakland apartment buildings are positioned to benefit from continued renter demand and the city’s role as a more affordable, transit-connected alternative within the broader Bay Area housing market. Walk Score: 87 Transit Score: 59 Bike Score: 6674 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.