1944 E 24th St - Multi-Family FOR SALE


Oakland, CA 94606- Highland Terrace
$900,000 USD
510-592-4244
1944 E 24th St, Oakland, CA for Sale
$900,000 USD
Multi-Family - FOR SALE
1/17
null | 9.1% Cap Rate

1944 E 24th St
Oakland, CA 94606
Highland Terrace


HIGHLIGHTS

  • Perfect for an owner-occupant or setting market rents.
  • Built-in upside in Oakland’s Highland Terrace
  • The property offers a strong 9.1% CAP rate.

OVERVIEW

High-income property with built-in upside in Oakland’s Highland Terrace, 1944 E 24th St features four legal units—three 2BD/1BA and one 4BD/1BA—plus a bonus 2BD/1BA unit with its own private entrance. One 2BD unit will be delivered vacant and move-in ready—perfect for an owner-occupant or setting market rents. Two Section 8 tenants are currently paying below market, creating a clear path to raise rents by $2,300+/month. With projected gross income of $10,500/month, the property offers a strong 9.1% CAP rate. Set across two two-story buildings totaling 3,480 sq ft on a large lot with 7 off-street parking spaces. Located near Lake Merritt, Downtown Oakland, and major freeways, this is an ideal fit for investors, owner-occupants, or multigenerational buyers seeking income, space, and long-term flexibility. TRANSPARENT PRICE. Unit 1948 and bonus unit 1944-A is vacant and can be shown via Calendly. Units 1942, 1944 and 1946 are tenant-occupied and can be shown via private tour. Contact Joey at joeywang@kwcommercial.com to schedule a tour or with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7 Offers are due on Tuesday, October 14th at noon.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

9.1%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1944 E 24th St

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,350 SF

ZONING

-

APN/PARCEL ID

022-0328-000-12

ASK ABOUT THIS PROPERTY

Joey WangKW CommercialMore Info
510-592-4244

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Joey WangKW CommercialMore Info
510-592-4244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.