74 Pearl St 4 Unit Apartment Building $1,200,000 ($300,000/Unit) 6.02% Cap Rate Oakland, CA 94611

To access the marketing package copy/paste: https://bit.ly/kitehillre

- Strong In-Place Investment: Fully occupied fourplex offering immediate cash flow at a 6.00% cap rate and 10.77 GRM, making it an exceptional opportunity for an owner-occupant or investor seeking stable, long-term returns.
- Spacious Apartment Homes: Four oversized 1-bedroom, 1-bathroom units totaling over 3,200 square feet on a 5,000 square foot lot, featuring bright interiors, abundant natural light, and functional floor plans.
- Extensive Capital Improvements: Three units have been comprehensively renovated with new sheetrock, flooring, ceilings, electrical, plumbing, modern kitchens, and beautifully updated bathrooms, while the fourth unit received a complete electrical rewire in 2025.
- In-Unit Laundry: Every apartment features its own washer and dryer, providing a highly desirable convenience for tenants.
- Secure Gated Parking: The property offers gated rear parking with an electronic security gate for added privacy and security.
- Private Storage: Two Tuff Sheds have been configured into four individual storage rooms, providing each unit with its own dedicated storage space.
- Separately Metered Utilities: Tenants pay their own PG&E, helping reduce landlord operating expenses.
- Premier Oakland Location: Ideally situated in the Harrison neighborhood, just minutes from Adams Point, Lake Merritt, Downtown Oakland, BART, major commuter routes, and an abundance of restaurants, cafés, shopping, and neighborhood amenities.
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.