2120 E 22nd Ave, Oakland, CA, 94606
Property Details
8
4
multi family
Description
Multi Family in Oakland, CA - Bedrooms: 8 - Bathrooms: 4 - Area: N/A - Year Built: 1962 - Lot: 5249 sqft
Listing Agent: Mark Chow Brokerage: Compass Sf
Investors and Opportunists. Selling for a 250k loss in just a few years. That is right, purchased for 1.1 need to sell bottom line is 850k need an offer now - price is final and a 7.5% cap with real numbers only. A fully occupied, cash-flowing four-unit investment in Oakland's Highland Terrace offered at a 7.04% cap rate with $62,992 in net operating income and $7,762 in monthly gross rents collected today. All four units are 2-bedroom/1-bath, currently generating $93,143 in gross scheduled rent annually. The two-story wood-frame building has been refreshed throughout renovated kitchens with quartz countertops, stained hardwood cabinetry, subway tile backsplash, and luxury vinyl plank flooring across all units. The property features a security-gated front and rear entry, private side yard, and rear surface parking lot. At $212,500 a unit and a sub-10 GRM, this type of stabilized East Bay multifamily is hard to find.
Location
Address
2120 E 22nd Ave, Oakland, CA, 94606
City
Oakland
Features and Finishes
Bedrooms: 8, Total Rooms: 16, Total Bathrooms: 4, Partial Bathrooms: 0, Full Bathrooms: 4, Laundry Features: Common Area, Flooring: Carpet, Luxury Vinyl Plank, Tile, Carport Spaces: 4, Open Parking: No, Parking Total: 4, Lot Size Acres: 0.1205, Lot Size Square Feet: 5250, Existing Lease Type: Net, Leasable Area Units: Square Feet, Number of Units Leased: 4, Association: No, Calculated Total Monthly Association Fees: 0, Number of Buildings: 1, Number of Units: 4, Unit-1 Description: Two-Bedrooms/One Bath, Unit-2 Description: Two-Bedrooms/One-Bath, Unit-3 Description: Two-Bedrooms/One-Bath, Unit-4 Description: Two-Bedrooms/One-Bath, Source Listing Status: Active, County: Alameda, Cross Street: 21st Street, Cap Rate: 7.13, Directions: 14th Ave between 580 and 880, Disclaimer: Information is not verified or guaranteed and is subject to change. Offers of compensation are made exclusively to Participants of the MLS and their data-share partners where the subject listing is filed. Copyright (
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