2120 E 22nd AVE, Oakland, CA 94606
2120 E 22nd AVE, Oakland, CA 94606
2120 E 22nd AVE, Oakland, CA 94606
2120 E 22nd AVE, Oakland, CA 94606
2120 E 22nd AVE, Oakland, CA 94606
2120 E 22nd AVE, Oakland, CA 94606
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Richard Parham

Richard Parham

+1(415) 637-6604
Listed by Mark R Chow Compass
$ 850,000
Est. payment | /mo

8 Beds

4 Baths

5,250 Sqft Lot

Save
$ 850,000
Est. payment | /mo
Save

8 Beds

4 Baths

5,250 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 426143356

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1962

Lot Size 5,250 Sqft

Acres 0.1205

Property Sub-Type Quadruplex

Property Description

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

State CA

County Alameda

Area Oakland Zip 94606

Interior

Flooring Carpet, Luxury Vinyl Plank, Tile

Fireplace No

Laundry Common Area

Exterior

Utilities Available City

Roof Type Composition

Total Parking Spaces 4

Building

Lot Description None

Story 2

Sewer Public Sewer

Water Water District

Level or Stories Two

New Construction Yes

Others

Tax ID 22296123

Acceptable Financing Conventional

Listing Terms Conventional

San Francisco MLS - SFAR

Nearby Locations

Richard Parham

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(415) 637-6604

rdparham@gmail.com

10 Niagara Ave, Francisco, California, 94112, United States

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2120 E 22nd AVE