2151 24th Street Oakland, CA 94606
Well-maintained 5-unit building in desirable Highland Terrace neighborhood.
- Added:
- Apr 4, 2026
- Days on Market:
- 100
- Last Refresh:
- Jul 3 at 5:47 am
Property Features for 2151 24th Street
General Information
- Standard status
- Active
- Size
- 3,452 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing office KELLER WILLIAMS TRI VALLEY REALTY (925) 397-4200
Listing date Apr 4, 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 KELLER WILLIAMS TRI VALLEY REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- Value‑add opportunity with substantial income upside in a high‑demand rental market.
- Well‑maintained 5‑unit building with desirable floor plans that attract and maintain long‑term, reliable tenants.
- Located in Oakland's desirable Highland Terrace neighborhood known for accessibility in a central location.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.5k | $37.80 |
| − Vacancy | −$7.2k | −$2.08 |
| EGI | $123.3k | $35.72 |
| − OpEx | −$55.5k | −$16.07 |
| NOI | $67.8k | $19.65 |
