2120 E 22nd St - Apartments FOR SALE


Oakland, CA 94606- Highland Terrace
$1,100,000 USD
510-917-2755
2120 E 22nd St, Oakland, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/12
null | 9.2% Cap Rate

2120 E 22nd St
Oakland, CA 94606
Highland Terrace


HIGHLIGHTS

  • • 4-Unit Multifamily Investment • Below-market 30-year fixed loan at ~3% available to buyer • Loan balance approx. $700K+, assumable with LLC • Ex

OVERVIEW

Below-Market Financing – Existing ~$700,000 loan at ~3% fixed interest. Loan remains with the LLC — no assumption process required. • Strong Cash Flow – $8,152 monthly rent ($97,823 annual gross). • Efficient Operations – Operating expense ratio only ~8.3%. • Attractive NOI – $89,723 annual net operating income. • Cap Rate ~8.2% at $1.1M valuation. • Clean Structure – Sale of single-purpose LLC that owns only the property and loan. ? ?? Property Overview • Address: 2120 E. 22nd Street • Current Ownership: Held in single-purpose LLC (to be transferred in sale) • Gross Building Income: $97,823 annually • Net Operating Income: $89,723 annually • Loan Balance: ~$700,000 | Rate: ~3% fixed | Term: 25 yrs remaining • Tenancy: Stabilized income stream ? ?? Financial Summary • Gross Rent: $97,823/year ($8,152/month) • Operating Expenses: ~$8,100/year • Annual NOI: $89,723 • Cap Rate: ~8.2% at $1.1M | Asking ~$1.2M ? ?? Transaction Details • Structure: Sale of LLC membership interests, not a deed transfer. • Buyer steps into existing financing — avoiding today’s higher-rate debt environment. • Closing handled through escrow/title. For rent roll, expense breakdown, and loan schedule, please contact: Ruhira Holdings - 510-917-2755 - info@ruhira.co

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

9.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,249 SF

ZONING

Residential

APN/PARCEL ID

022-0296-012-03

ASK ABOUT THIS PROPERTY

Ruhira HoldingsAbe WortmanMore Info
510-917-2755

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Ruhira HoldingsAbe WortmanMore Info
510-917-2755

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