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
Acres 0.16
Property Sub-Type 5 or More Units
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
Rooms
Basement Unfinished
Interior
Heating Wall Furnace
Cooling Other
Flooring Laminate, Vinyl
Fireplace No
Laundry Laundry Room
Exterior
Utilities Available Other Water/Sewer, Individual Electric Meter, Individual Gas Meter
Building
Lot Description Other
Sewer Other
Water Other
New Construction No
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Listed by Ken Wu • Compass
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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