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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$938,000

Est. payment - /mo

7,000 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41141385

HOA Y/N No

Year Built 1898

Lot Size 7,000 Sqft

Property Sub-Type Quadruplex

Property Description

A rare and compelling income-producing opportunity in the heart of Oakland — this well-maintained 4-unit multifamily building offers 3,981 square feet of living space on a 7,000 square foot lot, delivering strong day-one cash flow with significant long-term upside. Currently generating $7,830 in monthly gross rental income with a cap rate exceeding 8%, the numbers speak for themselves — this is one of Oakland's most attractive investment opportunities to hit the market in recent memory. The property features a desirable mix of spacious units with coin laundry on-site, providing additional income and convenience for tenants. The generous 7,000 square foot lot also presents an exceptional ADU development opportunity — adding a unit would further increase rental income and drive long-term asset appreciation. Whether you're a seasoned investor looking to expand your portfolio or an owner-occupant seeking to live in one unit while the others pay your mortgage, this versatile asset offers a strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walkability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Airport, and the waterfront dining and entertainment of Jack London Square. With Oakland's ongoing urban growth and strong rental demand, this is the kind of asset that builds generational wealth — don't miss it.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Flooring Concrete, Laminate

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features Garage

Total Parking Spaces 8

Building

Lot Description Back Yard

Others

Tax ID 2229631

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Leo Zhang RE/MAX Accord #02024974

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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2223 E 23Rd St Oakland, CA 94606

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information