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2244 12th Ave Ave, Oakland, CA 94606
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$1,350,000
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Home Details for 2244 12th Ave Ave
Price
$1,350,000
Type
other
Year Build
1962
Lot Size
0.1722
County
Alameda
Tax
$23,947
MLS®️ Listing#
41113160
On exitrealty.com
118 days
Property Description
Cap Rate - 6.66% (Current) | GRM - 8.52 (Current) | Cap Rate - 8.78% | (Proforma) | GRM - 7.06 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.
Listing Courtesy: BCRE - 510-222-0900
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-01-21 03:57:54 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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