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1140 E 22nd St
Oakland, CA 94606
PRICE IMPROVED! 5-Unit, Turn-Key Asset · Multifamily Property For Sale · 5 Units

INVESTMENT HIGHLIGHTS

  • Price Improved by $150,000! Now A 5.16% CAP Rate With In-Place Income!
  • Ideal Unit Mix of Large 2-Bedroom & 3-Bedroom Units With an Average Unit Size Over 940 SF
  • Individually Metered For Water/Sewer, Gas & Electric
  • 5-Unit, Fully Renovated, Turn-Key Asset in East Lake Neighborhood Near Highland Hospital
  • Average In-Place Rent of $2,769 With Potential For a 8.14% Cash-On-Cash Return in Year 1 With Low Interest Rates & Interest Only Financing Options
  • Fantastic Opportunity for Owner Occupiers & Investors Alike

PROPERTY FACTS

No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.19 AC
Building Size 4,707 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1966/2018
Parking Ratio 2.12/1,000 SF

AMENITIES

UNIT AMENITIES

  • Balcony
  • Dishwasher
  • Disposal
  • Washer/Dryer Hookup
  • Heating
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Yard
  • Deck
  • Double Pane Windows
  • Family Room
  • Freezer
  • Lawn
  • Linen Closet
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Laundry Facilities
  • Storage Space
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 3 $2,550 -
2+2 1 $2,900 -
3+2 1 $3,295 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
022-0301-023-00
Land Assessment
$796,467
Improvements Assessment
$1,022,891
Total Assessment
$1,819,358
  • Listing ID: 23870584

  • Date on Market: 8/9/2021

  • Last Updated:

  • Address: 1140 E 22nd St, Oakland, CA 94606

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