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8124 Greenly Dr 2 Unit Apartment Building $999,000 ($499,500/Unit) 5.79% Cap Rate Oakland, CA 94605
Executive Summary
Rare East Bay opportunity featuring a 3BD/1.5BA main residence and a 1BD/1BA private entrance ADU generating over $24,000 in rental income in 2025. Fully furnished with separate kitchen and laundry, this turnkey accessory dwelling unit provides a proven income stream, perfect for supplemental income, guest quarters, or multi-generational living. The main home boasts hardwood floors, sunrise views over the Oakland Hills, citrus trees, low maintenance yard, and abundant natural light. Upgrades include new central heat & AC, sewer lateral replaced and certified, tankless water heater, fully updated electrical with 200-amp solar-ready main panel, three subpanels, and dual EV chargers. Gated driveway to 4-car garage/carport plus 366 sq ft workshop accommodates multiple vehicles, RV, boat, or hobby use. Quiet end-street location near King Estate Open Space with easy access to I-580, Oakland Zoo, and Oak Knoll development.
Property Facts
| Price | $999,000 | Building Class | C |
| Price Per Unit | $499,500 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 1,671 SF |
| Cap Rate | 5.79% | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | ||
| Zoning | Residential | ||
| Price | $999,000 |
| Price Per Unit | $499,500 |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,671 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1948 |
| Zoning | Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 388 |
| 2+1.5 | 1 | - | 1,283 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 040A-3449-047-00 | Improvements Assessment | $675,984 |
| Land Assessment | $289,707 | Total Assessment | $965,691 |
Property Taxes
Parcel Number
040A-3449-047-00
Land Assessment
$289,707
Improvements Assessment
$675,984
Total Assessment
$965,691
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8124 Greenly Dr
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