2223 E 23Rd St Oakland, CA 94606
MULTI_FAMILY - Oakland, CA
- Added:
- Jul 11, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 14 at 1:06 am
Property Features for 2223 E 23Rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 14
- Bathrooms
- 17
- Rooms
- Bedroom 11, Bathroom 12, Bedroom 5, Bedroom 13, Bedroom 2, Bedroom 14, Bedroom 3, Bathroom 10, Bathroom 16, Bathroom 5, Bathroom 7, Bathroom 15, Bathroom 11, Bedroom 9, Bedroom 10, Bathroom 1, Bathroom 3, Bathroom 13, Bedroom 4, Bathroom 17, Bedroom 1, Bedroom 12, Bedroom 6, Bedroom 7, Bathroom 9, Bathroom 14, Bathroom 8, Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 8
- Parking features
- Parking Lot
- Exterior features
- Back Yard
- Fencing
- Fenced
- Appliances
- Gas Water Heater
- Standard status
- Active
- APN
- 2229631
- Size
- 3,981 SF
- Lot size
- 0.16 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1898
- Number of units
- 4
- Flooring type
- Laminate, Concrete
- Building materials
- Wood Siding
Listing agent Leo Zhang (510) 590-1628
Listing office RE/MAX Accord 39644 Mission Blvd., Danville, CA (510) 739-4000
Listing date Jul 11, 2026
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Oakland’s Highland Terrace area at 2223 E 23Rd St (94606), the property is positioned for convenient access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, and the I-880 and I-580 freeways. The remarks also note access to Oakland International Airport and the waterfront dining and entertainment of Jack London Square.
The marketing materials further highlight the lot size as presenting an ADU development opportunity. Information provided reflects the current configuration as a 4-unit building with on-site laundry.
Key Highlights
- 4‑unit multifamily building with 3,981 SF of living space on a 7,000 SF lot
- Currently generating $7,900 in monthly gross rental income and a cap rate exceeding 8% (per public remarks)
- On‑site coin laundry included
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 | $150.5k | $37.80 |
| − Vacancy | −$8.3k | −$2.08 |
| EGI | $142.2k | $35.72 |
| − OpEx | −$64.0k | −$16.07 |
| NOI | $78.2k | $19.65 |
