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2120 E 22nd St 4 Unit Apartment Building $825,000 ($206,250/Unit) 7.75% Cap Rate Oakland, CA 94606
INVESTMENT HIGHLIGHTS
- Call Darryl Glass for more information
EXECUTIVE SUMMARY
7.73% estimated in-place cap rate on estimated NOI of $64,000
2120 E 22nd St presents a compelling four-unit opportunity for investors seeking immediate income with clear upside. Located in Oakland’s Highland Terrace neighborhood, the property benefits from strong rental demand and proximity to transit, neighborhood services, and key commuter routes.
The property includes four (4) 2bed/1bath units with off-street parking and coin-op laundry. This is a practical acquisition for buyers who want near-term growth through rent optimization rather than waiting years for natural turnover.
PSL compliant.
2120 E 22nd St presents a compelling four-unit opportunity for investors seeking immediate income with clear upside. Located in Oakland’s Highland Terrace neighborhood, the property benefits from strong rental demand and proximity to transit, neighborhood services, and key commuter routes.
The property includes four (4) 2bed/1bath units with off-street parking and coin-op laundry. This is a practical acquisition for buyers who want near-term growth through rent optimization rather than waiting years for natural turnover.
PSL compliant.
PROPERTY FACTS
| Price | $825,000 | Apartment Style | Garden |
| Price Per Unit | $206,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.75% | Building Size | 2,860 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | Residential | ||
| Price | $825,000 |
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,860 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 2/1,000 SF |
| Zoning | Residential |
AMENITIES
UNIT AMENITIES
- Double Pane Windows
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 715 |
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PROPERTY TAXES
| Parcel Number | 022-0296-012-03 | Improvements Assessment | $858,935 |
| Land Assessment | $368,115 | Total Assessment | $1,227,050 |
PROPERTY TAXES
Parcel Number
022-0296-012-03
Land Assessment
$368,115
Improvements Assessment
$858,935
Total Assessment
$1,227,050
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2120 E 22nd St
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