2223 E 23Rd StOakland, CA 94606
None · Alameda County
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Quadruplex
- Year built
- 1898
- Living area
- 3,981 Sq Ft
- Lot size
- 0.16 acres
- Days on market
- 85
- MLS® Listing#
- 41141385
Property Features
- Appliances
- Gas Water Heater
- Heating
- Wall Furnace
- Flooring
- Concrete · Laminate
- Basement
- Other
- Parking
- Detached · Parking Lot · Garage
- Fencing
- Fenced
- Lot features
- Rectangular Lot
- Construction
- Wood Siding
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 2229631
Listing Courtesy: RE/MAX Accord - Off: 510-739-4000
Presented by: Leo Zhang
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