2216 23Rd St Oakland, CA 94606
Well-maintained six-unit apartment building with value-add potential.
Property size:
5,088 SFProperty Features for 2216 23Rd St
General Information
- Standard status
- Active
- Size
- 5,088 SF
Building Details
- Year built
- 1964
Source:
Corcoran
Listing Agency: COMPASS Listing Agent: Ken Wu
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oakland Multifamily Investment Opportunity
Located in a quiet residential area of Oakland, the property at 2216 E 23rd Street features a six-unit apartment building. The building, rebuilt in 1974, includes a unit mix of two 3-bedroom, 1-bath units, three 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit. All units have been renovated and consistently maintained. The property provides one-to-one parking directly in front of the building. Additional amenities include an on-site laundry room and separate PGE meters. Two units will be delivered vacant, offering opportunities for owner-occupancy or lease-up to market rents. The property is considered one of the nicest in the area, offering tenants a peaceful setting with convenient access to daily necessities and nearby amenities. The property is suitable for residential income and multifamily use.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.2310801
- Latitude
- 37.791149
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained six-unit apartment building with value-add potential.
Where is this apartment building located?
The property is located at 2216 23Rd St Oakland, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: - Strong unit mix: (2) 3 Bed, 1 Bath, (3) 2 Bed, 1 Bath, and (1) 1 Bed, 1 Bath units.; - Two units delivered vacant, providing immediate upside through owner-occupancy or lease-up.; - Offered at a compelling 7% cap rate and 9.1 GRM, indicating strong cash flow potential.
