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Investment Highlights

  • 100% occupied seven-unit multifamily asset
  • 5.46% current cap rate vs. 7.41% at market rents
  • Highland Hospital, the East Bay's only adult Level I Trauma Center, less than 1 mile away
  • $1,300,000 listing price / $185,714 per unit / $275 per gross SF
  • Recent capital improvements: upgraded plumbing, electrical systems, windows, and roof
  • Located in Oakland's Highland Terrace neighborhood, roughly 10 minutes from Downtown Oakland

Financial Summary (Actual - 2026) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 4,715 SF
Average Occupancy 100%
No. Stories 2
Year Built 1926
Parking Ratio 1.06/1,000 SF
Zoning C-30

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 $2,000 605
1+1 5 $1,850 700
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
026-0757-001-00
Land Assessment
$123,261
Improvements Assessment
$503,198
Total Assessment
$626,459
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
  • Listing ID: 41722800

  • Date on Market: 8/12/2026

  • Last Updated:

  • Address: 2246 23rd Ave, Oakland, CA 94606

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