2151 E 24th St - Apartments FOR SALE


Oakland, CA 94606- Highland Terrace
$795,000 USD
510-398-1027
2151 E 24th St, Oakland, CA for Sale
$795,000 USD
Apartments - FOR SALE
1/13
null | 6.84% Cap Rate

2151 E 24th St
Oakland, CA 94606
Highland Terrace


HIGHLIGHTS

  • (4) 2 Bed/1 Bath + (1) 1 Bed/1 Bath
  • Central Oakland Location - Quiet Neighborhood
  • Value Add Opportunity - 3 Long Term Tenants

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.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

5

PRICE/UNIT

$159,000

CAP RATE

6.84%

% 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

0.12 AC

LAND SF

5,227 SF

ZONING

R-50, Oakland

APN/PARCEL ID

022-0326-026-00

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 Notice.