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Renovated Oakland Multifamily Property

1140 22nd Street, Oakland, CA 94606

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For Sale

$1,640,000

Fully renovated 5-unit property in Oakland's Clinton neighborhood.

Type:Commercial

Property size:

4,707 SF

Price / SF:

$348/SF

HighLights

6.42% Cap Rate, representing a strong return on investment.
Fully renovated, turn‑key property requiring no immediate upgrades or repairs.
Five units, including a large 3‑bedroom unit, providing diverse rental income streams.
Each unit features private balcony, modern gourmet kitchen with premium appliances, and new bathrooms.
Individually metered for gas and electricity, reducing operating expenses.
Located in Oakland's Clinton neighborhood, near Lake Merritt, Trader Joe's, Starbucks, restaurants, and public transportation (BART).

We can help!

Listing Contact

TIMOTHY WARREN

For Sale

$1,640,000

Fully renovated 5-unit property in Oakland's Clinton neighborhood.

Type:Commercial

Property size:

4,707 SF

Price / SF:

$348/SF

Added:: Feb 7, 2026
Days on Market:: 134
Last Refresh:: Apr 5 at 8:30 pm

Property Features for 1140 22nd Street

General Information

Standard status: Active
Size: 4,707 SF
Property subtype: Commercial

Building Details

Year Built: 1966

We can help!

Listing Contact

TIMOTHY WARREN

Listing agent TIMOTHY WARREN

Listing office NAI NORTHERN CALIFORNIA

Listing date Feb 7, 2026

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of NAI NORTHERN CALIFORNIA

HighLights

6.42% Cap Rate, representing a strong return on investment.
Fully renovated, turn‑key property requiring no immediate upgrades or repairs.
Five units, including a large 3‑bedroom unit, providing diverse rental income streams.
Each unit features private balcony, modern gourmet kitchen with premium appliances, and new bathrooms.
Individually metered for gas and electricity, reducing operating expenses.
Located in Oakland's Clinton neighborhood, near Lake Merritt, Trader Joe's, Starbucks, restaurants, and public transportation (BART).

Overview

Located in Oakland's Clinton neighborhood, the property at 1140 E 22nd Street is a fully-renovated 5-unit building. The property comprises one 3-bedroom 2-bathroom unit totaling 1,100 square feet, one 2-bedroom 2-bathroom unit, and three 2-bedroom 1-bathroom units. Each unit features a private balcony, a modern gourmet kitchen with premium appliances, new bathrooms, large closets, vinyl wood flooring, recessed LED lighting, and a new modern design laminate glass entry door. Each unit is individually metered for gas and electricity. The property is located in the Clinton Neighborhood of Oakland, near Lake Merritt, south of Grand Avenue, providing convenient access to Trader Joe's, Starbucks Coffee, cafes, and shops. Residents can enjoy Oakland's restaurants and nightlife, including the Grand Lake Theatre. City bus lines and the Lake Merritt BART Station are nearby, offering access to the Bay Area. The property has a cap rate of 6.42%.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$177.9k	$37.80
− Vacancy	−$9.8k	−$2.08
EGI	$168.1k	$35.72
− OpEx	−$75.7k	−$16.07
NOI	$92.5k	$19.65

4,707 SF · lease $37.80/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,476 @ 7.0% cap · market cap 5.64%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.14M

$1.88M – $2.50M (±1% cap)

NOI $150,094 @ 7.0% cap · market cap 9.15%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Oakland
County: Alameda
State: California
Longitude: -122.241
Latitude: 37.7962

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For sale
Apartment buildings
CA
Oakland
94606
1140 22nd Street

What type of property is this?

Apartment building - Fully renovated 5-unit property in Oakland's Clinton neighborhood.

Where is this apartment building located?

The property is located at 1140 22nd Street Oakland, CA.

What is the asking price?

The asking price for this property is $1,640,000.

What are key features of this property?

This property features: 6.42% Cap Rate, representing a strong return on investment.; Fully renovated, turn‑key property requiring no immediate upgrades or repairs.; Five units, including a large 3‑bedroom unit, providing diverse rental income streams.