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2246 23rd Ave
Oakland, CA 94606 Highland Terrace

$1,300,000 USD

Apartments For Sale  •  4,715 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,715 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1926
  • Zoning C-30
70 Transit Score
60 Walk Score

Highlights

100% occupied seven-unit multifamily asset
$1,300,000 listing price / $185,714 per unit / $275 per gross SF
5.46% current cap rate vs. 7.41% at market rents
Recent capital improvements: upgraded plumbing, electrical systems, windows, and roof
Highland Hospital, the East Bay's only adult Level I Trauma Center, less than 1 mile away
Located in Oakland's Highland Terrace neighborhood, roughly 10 minutes from Downtown Oakland

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.5 mi
9 min - 3.9 mi
AirportDriveWalkDistance
Metro Oakland International 13 min - 7.8 mi
San Francisco International 39 min - 25.6 mi
Norman Y Mineta San Jose International 49 min - 39.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Joseph Owens 510-454-9708 Marcus & Millichap
Joseph Owens 510-454-9708 Marcus & Millichap