2223 E 23Rd St, Oakland, CA 94606
2223 E 23Rd St, Oakland, CA 94606
2223 E 23Rd St, Oakland, CA 94606
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Leo Zhang, DRE #02024974 • RE/MAX Accord
$938,000
Est. payment /mo
14 Beds
6 Baths
3,981 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,981 sqft

Price per Sqft $235

MLS Listing ID BE41141385

Bedrooms 14

Year Built 1898

Lot Size 7,000 Sqft

Property Sub-Type Fourplex

Source Bay East

Property Description

A rare and compelling income-producing opportunity in the heart of Oakland - this well-maintained 4-unit multifamily building offers 3,981 square feet of living space on a 7,000 square foot lot, delivering strong day-one cash flow with significant long-term upside. Currently generating $7,830 in monthly gross rental income with a cap rate exceeding 8%, the numbers speak for themselves - this is one of Oakland's most attractive investment opportunities to hit the market in recent memory. The property features a desirable mix of spacious units with coin laundry on-site, providing additional income and convenience for tenants. The generous 7,000 square foot lot also presents an exceptional ADU development opportunity - adding a unit would further increase rental income and drive long-term asset appreciation. Whether you're a seasoned investor looking to expand your portfolio or an owner-occupant seeking to live in one unit while the others pay your mortgage, this versatile asset offers a strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walkability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Air

Location

State CA

County Alameda

Area Oakland Zip Code 94606

Interior

Heating Wall Furnace

Cooling Air Conditioning - None

Flooring Laminate, Concrete

Exterior

Exterior Feature Siding - Wood

Parking Features Detached Garage, Parking Area

Garage Spaces 8.0

Roof Type Other

Building

Lot Description Regular

Water Heater - Gas

Others

Tax ID 22-296-31

Special Listing Condition New, Not Applicable

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Sharad Gupta
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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2223 E 23Rd St

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