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2120 E 22nd St. Oakland CA 94606
$850,000
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Investors and Opportunists. Selling for a 250k loss in just a few years. That is right, purchased for 1.1 need to sell bottom line is 850k need an offer now - price is final and a 7.5% cap with real numbers only. A fully occupied, cash-flowing four-unit investment in Oakland's Highland Terrace offered at a 7.04% cap rate with $62,992 in net operating income and $7,762 in monthly gross rents collected today. All four units are 2-bedroom/1-bath, currently generating $93,143 in gross scheduled rent annually. The two-story wood-frame building has been refreshed throughout renovated kitchens with quartz countertopsstained hardwood cabinetrysubway tile backsplash, and luxury vinyl plank flooring across all units. The property features a security-gated front and rear entry, private side yard, and rear surface parking lot. At $212,500 a unit and a sub-10 GRM, this type of stabilized East Bay multifamily is hard to find.

Key things to know

  • Four-unit investment in Highland Terrace with 100% occupancy.
  • Updated kitchens with quartz countertops, stained hardwood cabinetry, subway tile, luxury vinyl plank flooring.
  • Security-gated front and rear entries with a private side yard and rear surface parking.
  • Gross rents $7,762/mo and $93,143 gross annual rent; cap rate 7.04%, NOI $62,992.
  • Exterior features include concrete steps, satellite dishes, wooden fence, and gated entry.

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