2151 E 24th St 5 Unit Apartment Building $875,000 ($175,000/Unit) 6.10% Cap Rate Oakland, CA 94606

2151 E 24th Street is a well-maintained Victorian-style 5-unit building in Oakland's desirable Highland Terrace neighborhood. The property features (4) Two Bed/One Bath units and (1) One Bed/One Bath with desirable floor plans that attract and maintain long-term, reliable tenants. Two current vacancies to allow Buyer to place tenant of their choosing at market rate rent.
Built in 1940, the ±3,452 sq. ft. building features classic wood construction and siding on a concrete perimeter foundation and a pitched composition shingle roof. The ±7,000 sq. ft. parcel features ample parking with 5 assigned spaces to the rear of the property plus 2 tandem parking spaces on the right side of the building and the minimal landscaping makes for easy maintenance.
2151 E 24th Street presents a strong value-add opportunity with substantial income upside in a high-demand rental market. Each unit has a private entrance and the property has shared laundry facilities for added convenience and income.
The property is within close proximity to several schools, including Garfield Elementary, Roosevelt Middle School, and Oakland High School, making it attractive to families.
Residents enjoy easy access to public transportation, including nearby AC Transit bus lines and BART stations (Fruitvale and Lake Merritt), as well as quick connectivity to Highways 580 and 880 for smooth commuting throughout the Bay Area.
Nearby green spaces such as San Antonio Park and Peralta Park offer recreational outlets, playgrounds, and open areas for relaxation. In addition, the neighborhood is just minutes from shops, local eateries, and daily conveniences.
All these factors (access, schools, shops, parks, etc.) contribute to continually attracting tenants and make the property a smart, long-term investment. BRING ALL OFFERS - Seller is retiring!