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Listed by Ken Wu • Compass
$1,460,000
Est. payment /mo
9 Beds
4 Baths
5,088 SqFt
Open House
Fri Jan 16, 9:30am - 11:00am
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,088 sqft
Price per Sqft $286
MLS Listing ID EB41120534
Bedrooms 9
Year Built 1964
Lot Size 7,000 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Introducing 2216 E 23rd Street, Oakland, CA to the open market. This well-maintained six-unit apartment building is located in a quiet residential pocket of Oakland and is widely regarded as one of the nicest properties in the immediate area, offering tenants a peaceful setting with convenient access to daily necessities and nearby amenities. This standout property features a strong and desirable unit mix of (2) 3 Bed, 1 Bath units, (3) 2 Bed, 1 Bath units, and (1) 1 Bed, 1 Bath unit, all of which have been renovated and consistently maintained. Rebuilt in 1974, the building offers one-to-one parking directly in front of the property, an on-site laundry room, and separate PG&E meters, enhancing both tenant appeal and operational efficiency. Additionally, two units shall be delivered vacant, providing immediate upside through owner-occupancy or lease-up to market rents. Offered at a compelling 6.5% cap rate and 9.7 GRM, this asset presents a rare opportunity for stable cash flow with long-term value growth.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Interior
Heating Wall Furnace
Cooling Other
Flooring Laminate, Vinyl
Laundry In Laundry Room
Exterior
Exterior Feature Stucco
Parking Features Spaces per Unit - 1, Off-Site Parking
Garage Spaces 6.0
Roof Type Composition
Building
Lot Description Other
Water Other
Others
Special Listing Condition New, Not Applicable
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