21
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$1,460,000
Est. payment /mo
5,088 SqFt
Open Fri 9:30AM-11AM
2216 23rd St Oakland, CA 94606
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Fri Jan 16, 9:30am - 11:00am
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Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,088 sqft
Price per Sqft $286
Subdivision Highland Terrace
MLS Listing ID 41120534
HOA Y/N No
Year Built 1964
Lot Size 7,000 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
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 Other
Flooring Laminate, Vinyl
Fireplace No
Laundry Laundry Room
Building
Lot Description Other
Others
Special Listing Condition Standard
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