4121 Opal St — Sale in Oakland, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Oakland, CA 94609

Investment Figures

Cap rate
6.15%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 4121 Opal Street, a 10-unit apartment building ideally located in Oakland's highly desirable Temescal neighborhood, one of the East Bay's most vibrant and walkable districts. Offered at an attractive $199,500 per unit with a 6.15% cap rate, the property presents a compelling investment opportunity with significant upside through cosmetic improvements. The asset benefits from exceptional walkability and immediate access to the shopping, dining, and entertainment along Telegraph Avenue, Broadway, and Piedmont Avenue, placing tenants in the center of one of Oaklands most dynamic urban corridors. Investment Highlights: • 10-unit apartment building ideally located in Oakland's highly desirable Temescal neighborhood, one of the East Bay's most vibrant and walkable districts. • Offered at an attractive $199,500 per unit with a 6.15% cap rate, the property presents a compelling investment opportunity with significant upside through cosmetic improvements. • The asset benefits from exceptional walkability and immediate access to the shopping, dining, and entertainment along Telegraph Avenue, Broadway, and Piedmont Avenue

Market Context

This multifamily in Oakland, CA is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 99 days. Compare it against other multifamily listings for sale in Oakland, CA — view the full market.

As of Q1 2026, the Oakland / East Bay multifamily market showed cap rates around 4.9%. Source: multiple brokerage reports, Q1 2026.

Its 6.2% asking cap rate is above the Oakland / East Bay multifamily market average of about 4.9%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Oakland / East Bay?
About 4.9% as of Q1 2026, per multiple brokerage reports.

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