Listed by Joey Wang, (510) 592-4244 from Keller Williams Realty
(If provided) CoList: from
Sold listing courtesy of Ha Thi Nguyen from SRUT04
High-income property with built-in upside in Oakland's Highland Terrace, 1944 E 24th St features four legal units-three 2BD/1BA and one 4BD/1BA-plus a bonus 2BD/1BA unit with its own private entrance. One 2BD unit will be delivered vacant and move-in ready-perfect for an owner-occupant or setting market rents. Two Section 8 tenants are currently paying below market, creating a clear path to raise rents by $2,300+/month. With projected gross income of $10,500/month, the property offers a strong 9.1% CAP rate. Set across two two-story buildings totaling 3,480 sq ft on a large lot with 7 off-street parking spaces. Located near Lake Merritt, Downtown Oakland, and major freeways, this is an ideal fit for investors, owner-occupants, or multigenerational buyers seeking income, space, and long-term flexibility.
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