2223 E 23Rd St, Oakland, CA 94606
- $938,000
- 14
- BD
- 3,981
- SqFt
Listed by Leo Zhang, (510) 590-1628 from RE/MAX Accord
(If provided) CoList: Gloria Chun from RE/MAX Accord
- List Price
- $938,000
- MLS#
- BE41141385
- Status
- ACTIVE
- Sqft. of Residence
- 3,981
- Lot Size
- 7,000
- Listing Area
- Oakland Zip Code 94606
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 Ai
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Additional Information
- Acres
- 0.16
- Amenities
- Other
- Cooling System
- Air Conditioning - None
- Exterior Features
- Siding - Wood
- Floor Covering
- Laminate, Concrete
- Garage Parking
- Detached Garage, Parking Area
- Heating System
- Wall Furnace
- Living Area
- 3,981
- Lot Description
- Regular
- Lot Size
- 7,000
- Neighborhood
- Oakland Zip Code 94606
- Numberof Units
- 4
- Roof
- Other
- Unincorporated Yn
- Yes
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