2246 23Rd Ave, Oakland, CA 94606
2246 23Rd Ave, Oakland, CA 94606
2246 23Rd Ave, Oakland, CA 94606
2246 23Rd Ave, Oakland, CA 94606
2246 23Rd Ave, Oakland, CA 94606
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Jessamine Walker

Jessamine Walker

+1(949) 241-2927
$ 1,300,000
Est. payment | /mo

2,840 Sqft Lot

Save
$ 1,300,000
Est. payment | /mo
Save

2,840 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Highland Terrace

MLS Listing ID 41144736

HOA Y/N No

Year Built 1926

Annual Tax Amount $19,927

Lot Size 2,840 Sqft

Property Description

Fully occupied seven-unit multifamily asset in Oakland's Highland Terrace neighborhood. $1,300,000 ($185,714/unit, $275/SF). 5.46% current cap rate vs. 7.41% at market rents, with 20.4% rental upside and 35.6% NOI growth potential with no capital spend. Recent capital improvements include upgraded plumbing, electrical, windows, and roof. Located under 1 mile from Highland Hospital and roughly 1.6 miles from Fruitvale BART, with direct access to I-880. In-place NOI: $70,803. Market NOI: $96,095. The 2 live/work style units are not permitted.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Building

Lot Description Corner Lot

Others

Tax ID 267571

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Joseph Owens Marcus & Millichap #01707768

Nearby Locations

Jessamine Walker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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2246 23Rd Ave

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