CA > Oakland > Highland Terrace
Oakland, CA 94606,2216 23rd St
Oakland, CA 94606,2216 23rd St
Oakland, CA 94606,2216 23rd St
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,460,000
Est. payment /mo
7,000 Sqft Lot
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Open House

Fri Jan 16, 9:30am - 11:00am

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Highland Terrace

MLS Listing ID 41120534

HOA Y/N No

Year Built 1964

Lot Size 7,000 Sqft

Property Description

The R&Z Group of Compass Commercial is excited to introduce 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 are currently vacant, providing immediate upside through owner-occupancy or lease-up to market rents. Offered at a compelling 6.5% cap rate and 9.7 GRM, this asset presents a rare opportunity for stable cash flow with long-term value growth.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Cooling See Remarks

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 6

Building

Water Other

Others

Tax ID 223265

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CRMLS – RECore
Listed by Ken Wu Compass

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