2246 23rd Ave - Apartments FOR SALE


Oakland, CA 94606- Highland Terrace
$1,300,000 USD
510-454-9708
2246 23rd Ave, Oakland, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

2246 23rd Ave
Oakland, CA 94606
Highland Terrace


HIGHLIGHTS

  • 100% occupied seven-unit multifamily asset
  • $1,300,000 listing price / $185,714 per unit / $275 per gross SF
  • 5.46% current cap rate vs. 7.41% at market rents
  • Recent capital improvements: upgraded plumbing, electrical systems, windows, and roof
  • Highland Hospital, the East Bay's only adult Level I Trauma Center, less than 1 mile away
  • Located in Oakland's Highland Terrace neighborhood, roughly 10 minutes from Downtown Oakland

OVERVIEW

Located along East 23rd Street, the property benefits from convenient access to public transportation and regional commuter routes connecting residents to Downtown Oakland, Interstate 580, and the greater East Bay. The surrounding neighborhood is characterized by a mix of residential, neighborhood-serving retail, and community services that support everyday living.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

7

PRICE/UNIT

$185,714

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,762 SF

ZONING

C-30

APN/PARCEL ID

026-0757-001-00

ASK ABOUT THIS PROPERTY

Joseph OwensMarcus & MillichapMore Info
510-454-9708

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Joseph OwensMarcus & MillichapMore Info
510-454-9708

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