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2244 12th Ave
Oakland, CA 94606 East Lake

$1,350,000 USD

Apartments For Sale  •  5,495 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,495 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1962
  • Cap Rate 6.71 %
  • Zoning RM-2
57 Transit Score
75 Walk Score

Highlights

Upside in Rents w Remodels - Opportunity to upgrade the units and command rents higher over time
Soft Story Exempt - Removed from City of Oakland’s soft story list after an engineer review in 2024.
Near Lake Merritt - Short walk to outstanding Lake Merritt area shops, restaurants, bars, and coffee houses.

Financial Summary (Actual)

Net Operating Income: $89,852 USD (2025)
Cap Rate: 6.71 %
Total Expenses: $64,999 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Dishwasher
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Smoke Free
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Quartz Countertops

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.4 mi
11 min - 6.5 mi
AirportDriveWalkDistance
Metro Oakland International 14 min - 8.4 mi
San Francisco International 39 min - 25.4 mi
Norman Y Mineta San Jose International 50 min - 39.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Davide Pio, CCIM 510-815-2000 BCRE
Davide Pio, CCIM 510-815-2000 BCRE