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1140 E 22nd St
Oakland, CA 94606
PRICE IMPROVED! 5-Unit, Turn-Key Asset · Multifamily Property For Sale
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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 | Building Size | 4,707 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1966/2018 |
| Building Class | C | Parking Ratio | 2.12/1,000 SF |
| Lot Size | 0.19 AC |
| 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
| Parcel Number | 022-0301-023-00 | Improvements Assessment | $1,043,343 |
| Land Assessment | $812,392 | Total Assessment | $1,855,735 |
Property Taxes
Parcel Number
022-0301-023-00
Land Assessment
$812,392
Improvements Assessment
$1,043,343
Total Assessment
$1,855,735
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