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1947 E 22nd St
Oakland, CA 94606
Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Building Size | 4,049 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.23/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | RM-2 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,049 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | RM-2 |
ABOUT 1947 E 22ND ST , OAKLAND, CA 94606
This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry. 2 of the units are rented close to market and the other 3 are under market, which means there is also upside value in the rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 021-0290-032-00 | Improvements Assessment | $952,214 |
| Land Assessment | $371,420 | Total Assessment | $1,323,634 |
PROPERTY TAXES
