2244 12th Ave 7 Unit Apartment Building $1,375,000 ($196,429/Unit) 7.81% Cap Rate Oakland, CA 94606

Presenting a seven-unit apartment building in Oakland’s Clinton Neighborhood, a well-established rental pocket in the East Bay. The building offers a clean, consistent unit mix of seven two-bedroom, one-bathroom apartments, which keeps operations simple and helps maintain steady occupancy. With its mid-century lines, well-kept landscaping, and strong street presence, the property holds its own on the block and continues to draw long-term residents.
Income is supported by more than just the apartments. A double garage is currently rented to the tenant in Unit 3, additional on-site parking is offered to tenants for a monthly fee, and an on-site coin-operated laundry room brings in steady and additional income. The roof is flat and finished with rolled composition, typical for Bay Area buildings of this age. The units are clean and fully rentable in their current condition, while still leaving clear room for an incoming owner to modernize interiors over time and bring rents closer to neighborhood market levels.
Location is a real strength here. Residents are within walking distance of Lake Merritt, the shops and restaurants along Grand Avenue and Lakeshore, and the employment and transit hubs of Downtown Oakland. Quick access to both Interstate 580 and Interstate 880 makes for an easy commute to San Francisco, Silicon Valley, Berkeley, and the rest of the Bay Area. That blend of walkability and freeway access is a big part of why this neighborhood has held strong tenant demand for decades.
For investors looking for a Bay Area apartment building with in-place income today and clear room to add value over time, this Oakland property is worth a closer look.