2223 23Rd St, Oakland, CA 94606
Local realty services provided by:CENTURY 21 Masters
2223 23Rd St,Oakland, CA 94606
$938,000
- - Beds
- - Baths
- 3,981 sq. ft.
- Multi-family
- Active
Listed by: leo zhang
Office: re/max accord
MLS#:41141385
Source:MLSListings
Price summary
- Price:$938,000
- Price per sq. ft.:$235.62
About this home
A rare and compelling income-producing opportunity in the heart of Oakland — this well-maintained 4-unit multifamily building offers 3,981 square feet of living space on a 7,000 square foot lot, delivering strong day-one cash flow with significant long-term upside. Currently generating $7,830 in monthly gross rental income with a cap rate exceeding 8%, the numbers speak for themselves — this is one of Oakland’s most attractive investment opportunities to hit the market in recent memory. The property features a desirable mix of spacious units with coin laundry on-site, providing additional income and convenience for tenants. The generous 7,000 square foot lot also presents an exceptional ADU development opportunity — adding a unit would further increase rental income and drive long-term asset appreciation. Whether you’re a seasoned investor looking to expand your portfolio or an owner-occupant seeking to live in one unit while the others pay your mortgage, this versatile asset offers a strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walkability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Air...
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Home facts
- Year built:1898
- Listing ID #:41141385
- Added:1 day(s) ago
- Updated:July 12, 2026 at 04:31 PM
Rooms and interior
- Flooring:Concrete, Laminate
- Living area:3,981 sq. ft.
Heating and cooling
- Cooling:No Cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1898
- Building area:3,981 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Regular
- Construction Materials:Siding - Wood
- Exterior Features:Fenced Yard
Utilities
- Water:Gas Water Heater
Finances and disclosures
- Price:$938,000
- Price per sq. ft.:$235.62
Parking
- Parking description:Detached Garage, Parking Area
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