29
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$938,000
Est. payment /mo
7,000 Sqft Lot
Active
2223 E 23Rd St Oakland, CA 94606
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41141385
HOA Y/N No
Year Built 1898
Lot Size 7,000 Sqft
Property Sub-Type Quadruplex
Property Description
A rare and compelling income-producing opportunity in the heart of Oakland — this well-maintained 4-unit multifamily building offers 3,981 square feet of living space on a 7,000 square foot lot, delivering strong day-one cash flow with significant long-term upside. Currently generating $7,900 in monthly gross rental income with a cap rate exceeding 8%, the numbers speak for themselves — this is one of Oakland's most attractive investment opportunities to hit the market in recent memory. The property features a desirable mix of spacious units with coin laundry on-site, providing additional income and convenience for tenants. The generous 7,000 square foot lot also presents an exceptional ADU development opportunity — adding a unit would further increase rental income and drive long-term asset appreciation. Whether you're a seasoned investor looking to expand your portfolio or an owner-occupant seeking to live in one unit while the others pay your mortgage, this versatile asset offers a strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walk ability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Airport, and the waterfront dining and entertainment of Jack London Square. With Oakland's ongoing urban growth and strong rental demand, this is the kind of asset that builds generational wealth — don't miss it.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Concrete, Laminate
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Garage
Total Parking Spaces 8
Building
Lot Description Back Yard
Others
Tax ID 2229631
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Leo Zhang RE/MAX Accord #02024974
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