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Listed by Mark R Chow Compass
$850,000
Est. payment /mo
8 Beds
4 Baths
5,250 Sqft Lot
Price Dropped by $45K
2120 E 22nd AVE Oakland, CA 94606
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 426126255
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
Nearby Locations
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