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Listed by Thomas Garabedian Cone • Red Oak Realty
$825,000
Est. payment /mo
2,860 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,860 sqft
Price per Sqft $288
Subdivision Highland Terrace
MLS Listing ID 41122222
HOA Y/N No
Year Built 1962
Lot Size 5,250 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
Value-Add Fourplex | Highland Terrace | Income + Upside | 7.73% estimated in-place cap rate. 2120 E 22nd St presents a compelling four-unit opportunity for investors or owner-occupants seeking immediate income with clear upside. Located in Oakland's Highland Terrace neighborhood, the property benefits from strong rental demand and proximity to transit, neighborhood services, and key commuter routes. The property includes four (4) 2bed/1bath units with off-street parking and coin-op laundry. This is a practical acquisition for buyers who want near-term growth through rent optimization rather than waiting years for natural turnover. PSL compliant.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Laminate, Tile, Carpet
Fireplace No
Appliance Gas Water Heater
Building
Lot Description Level
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
Others
Special Listing Condition Standard
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613




