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2246 23rd Ave 7 Unit Apartment Building $1,300,000 ($185,714/Unit) Oakland, CA 94606
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
Executive Summary
Located along East 23rd Street, the property benefits from convenient access to public transportation and regional commuter routes connecting residents to Downtown Oakland, Interstate 580, and the greater East Bay. The surrounding neighborhood is characterized by a mix of residential, neighborhood-serving retail, and community services that support everyday living.
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
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $185,714 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,715 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1926 |
| Apartment Style | Low-Rise | Parking Ratio | 1.06/1,000 SF |
| Zoning | C-30 | ||
| Price | $1,300,000 |
| Price Per Unit | $185,714 |
| 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 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 026-0757-001-00 | Total Assessment | $626,459 |
| Land Assessment | $123,261 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $503,198 | Tax Year | 2026 |
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
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