2151 E 24th St - Apartments FOR SALE


Oakland, CA 94606- Highland Terrace
$875,000 USD
510-398-1027
2151 E 24th St, Oakland, CA for Sale
$875,000 USD
Apartments - FOR SALE
1/7
null | 4.9% Cap Rate

2151 E 24th St
Oakland, CA 94606
Highland Terrace


HIGHLIGHTS

  • Substantial income upside 5 units in central Highland Terrace neighborhood
  • (4) Two Bed/One Bath and (1) One Bed/One Bath
  • Ample Parking On-Site & Low Maintenance Grounds

OVERVIEW

2151 E 24th Street is a well-maintained Victorian-style 5-unit building in Oakland's desirable Highland Terrace neighborhood. The property features (4) Two Bed/One Bath units and (1) One Bed/One Bath with desirable floor plans that attract and maintain long-term, reliable tenants. Built in 1940, the ±3,452 sq. ft. building features classic wood construction and siding on a concrete perimeter foundation and a pitched composition shingle roof. The ±7,000 sq. ft. parcel features ample parking with 5 assigned spaces to the rear of the property plus 2 tandem parking spaces on the right side of the building and the minimal landscaping makes for easy maintenance. 2151 E 24th Street presents a strong value-add opportunity with substantial income upside in a high-demand rental market. Each unit has a private entrance and the property has shared laundry facilities for added convenience and income. The property is within close proximity to several schools, including Garfield Elementary, Roosevelt Middle School, and Oakland High School, making it attractive to families. Residents enjoy easy access to public transportation, including nearby AC Transit bus lines and BART stations (Fruitvale and Lake Merritt), as well as quick connectivity to Highways 580 and 880 for smooth commuting throughout the Bay Area. Nearby green spaces such as San Antonio Park and Peralta Park offer recreational outlets, playgrounds, and open areas for relaxation. In addition, the neighborhood is just minutes from shops, local eateries, and daily conveniences. All these factors (access, schools, shops, parks, etc.) contribute to continually attracting tenants and make the property a smart, long-term investment.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

5

PRICE/UNIT

$175,000

CAP RATE

4.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

R-50, Oakland

APN/PARCEL ID

022-0326-027-00

ASK ABOUT THIS PROPERTY

David WeglarzThe Prescott CompanyMore Info
510-398-1027

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David WeglarzThe Prescott CompanyMore Info
510-398-1027

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