4-Units | $9,000/month | Gated Parking | In-Unit Laundry
Multifamily | 4 Units | $300,000/unit
Marketing description
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.
Investment highlights
- 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.
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