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$1,300,000
58 Days On Site
2246 23Rd AveOakland, CA 94606
For Sale|Residential Income|Active
0
Beds
0
Total Baths
1926
Built
Subdivision:
HIGHLAND TERRACE
County:
Alameda
Listed by Joseph Owens of Marcus & Millichap joe.owens@marcusmillichap.com
Call Now: 951-203-4426
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951-203-4426



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Fully occupied seven-unit multifamily asset in Oakland's Highland Terrace neighborhood. $1,300,000 ($185,714/unit, $275/SF). 5.46% current cap rate vs. 7.41% at market rents, with 20.4% rental upside and 35.6% NOI growth potential with no capital spend. Recent capital improvements include upgraded plumbing, electrical, windows, and roof. Located under 1 mile from Highland Hospital and roughly 1.6 miles from Fruitvale BART, with direct access to I-880. In-place NOI: $70,803. Market NOI: $96,095. The 2 live/work style units are not permitted.
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Listing Snapshot
Price
$1,300,000
Days On Site
58 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.0652 Acres
Year Built
1926
MLS® Number
41144736
Status
Active
Property Tax
$19,927
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 months ago | Listing updated with changes from the MLS® | |
| 2 months ago | Status changed to Active | |
| 2 months ago | Listing first seen on site |
General Features
Acres
0.0652
Interior Features
Cooling
Heating
See Remarks
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Exterior Features
Construction Details
Stucco
Lot Features
Corner Lot
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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