2216 23rd St, Oakland, CA 94606
- $1,300,000
Listed by Ken Wu, (408) 666-2585 from Compass
(If provided) CoList: Tony Zizzo from Compass
Sold listing courtesy of Agueda Perez from SLPZ01
- Sold Price
- $1,300,000
- List Price
- $1,400,000
- Closing Date
- Apr 10, 2026
- MLS#
- EB41120534
- Status
- SOLD
- Lot Size
- 7,000
- Listing Area
- Oakland Zip Code 94606
- Year Built
- 1964
Property Description
Introducing 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 shall be delivered vacant, providing immediate upside through owner-occupancy or lease-up to market rents. Offered at a compelling 7% cap rate and 9.1 GRM, this asset presents a rare opportunity for stable cash flow with long-term value growth.
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Additional Information
- Acres
- 0.16
- Cooling System
- Other
- Days On Market
- Unknown
- Exterior Features
- Stucco
- Floor Covering
- Laminate, Vinyl
- Garage Parking
- Spaces per Unit - 1, Off-Site Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- In Laundry Room
- Lot Description
- Other
- Lot Size
- 7,000
- Neighborhood
- Oakland Zip Code 94606
- Numberof Units
- 6
- Other Rooms
- Basement - Unfinished
- Roof
- Composition
- Unincorporated Yn
- Yes
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