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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Ken Wu • Compass

$ 1,460,000

Est. payment | -/mo

9 Beds

4 Baths

5,088 SqFt

Save

$ 1,460,000

Est. payment | -/mo

Save

9 Beds

4 Baths

5,088 SqFt

Open House

Fri Jan 16, 9:30am - 11:00am

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,088 sqft

Price per Sqft $286

MLS Listing ID EB41120534

Bedrooms 9

Year Built 1964

Lot Size 7,000 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

The R&Z Group of Compass Commercial is excited to introduce 2216 E 23rd Street, Oakland, CA to the open market. This well-maintained six-unit apartment building is located in a quiet residential pocket of Oakland and is widely regarded as one of the nicest properties in the immediate area, offering tenants a peaceful setting with convenient access to daily necessities and nearby amenities. This standout property features a strong and desirable unit mix of (2) 3 Bed, 1 Bath units, (3) 2 Bed, 1 Bath units, and (1) 1 Bed, 1 Bath unit, all of which have been renovated and consistently maintained. Rebuilt in 1974, the building offers one-to-one parking directly in front of the property, an on-site laundry room, and separate PG&E meters, enhancing both tenant appeal and operational efficiency. Additionally, two units are currently vacant, providing immediate upside through owner-occupancy or lease-up to market rents. Offered at a compelling 6.5% cap rate and 9.7 GRM, this asset presents a rare opportunity for stable cash flow with long-term value growth.

Location

State CA

County Alameda

Area Oakland Zip Code 94606

Interior

Heating Wall Furnace

Cooling Other

Flooring Laminate, Vinyl

Laundry In Laundry Room

Exterior

Exterior Feature Stucco

Parking Features Spaces per Unit - 1, Off-Site Parking

Garage Spaces 6.0

Roof Type Composition

Building

Lot Description Other

Water Other

Others

Special Listing Condition New, Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

2216 23rd St Oakland, CA 94606