2138 19Th AveOakland, CA 94606

Description

Strong Cash Flow! 8.25% CAP, Over $10,670 Monthly Rental Income! A fully stabilized asset rare 5-unit investment property in Oakland’s Highland Terrace, offering both strong cash flow and future upside. This charming 5-unit building features a blend of updated interiors and exterior details, with several units recently renovated to maximize tenant appeal and rental value. The current tenants are clean, reliable, and financially stable—making management easier and more worry-free for the new owner. In addition, the property includes a basement with an approved permit before to be converted into a legal 3-bedroom/1-bath unit, which could generate at least an additional $2,800+ in monthly rental income. Just minutes from Fruitvale BART, Highland Hospital, and Lake Merritt, with strong rental demand in the area, this property combines urban convenience with neighborhood charm—ideal for seasoned investors seeking steady cash flow as well as owner-occupants looking for flexible income potential.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1905

Living area

3,032 Sq Ft

Lot size

0.08 acres

Days on market

372

MLS^® Listing#

41113788

Property Features

Interior

Storage

Appliances

Dryer · Washer · Gas Water Heater

Cooling

None

Heating

Other

Flooring

Laminate · Linoleum · Tile · Carpet

Basement

Other · Storage Space

Parking

Assigned

Lot features

Corner Lot

Construction

Stucco

Roof

Shingle

Windows

Window Coverings

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Utilities

Cable Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

21290261

Directions

14th Ave to E21st St to 19th Av