Sold

2216 23rd St, Oakland, CA 94606

Sqft
5,088

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCompass
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Overview

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 7% cap rate and 9.1 GRM, this asset presents a rare opportunity for stable cash flow with long-term value growth.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
5,088
Lot size (acres)
0.16
Year built
1964

Interior features

Basement
Yes, Unfinished

Utilities

Heating
Wall furnace
Cooling
Other
Sewer
Other
Water
Other

Public schools

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Sourced from: Bay East Association of REALTORS MLS®#: 41120534 Last checked:

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