Home | Alameda County | Oakland | 94606 | 2223 E 23rd St
2223 E 23rd St, Oakland, CA 94606
MLS: BE41141385 | Status: Active | Price: $938,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
3,981 |
7,000 |
1898 |
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
| Field |
Value |
| MLS # |
BE41141385 |
| MLS Source |
Bay East |
| Days on Site |
2 |
Features
Interior Features
| Feature |
Details |
| Flooring |
Concrete, Laminate |
| Cooling |
Air Conditioning - None |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Other |
| Feature |
Details |
| Garage/Parking |
Detached, Parking Area, Garage: Car(s) |
| Complex Amenities |
Other |
| Listing Agent |
Co-Listing Agent |
| Leo Zhang |
Gloria Chun |
| RE/MAX Accord |
RE/MAX Accord |
| License #: 02024974 |
License #: 02084703 |
| Phone: (510) 590-1628 |
Phone: (510) 560-5666 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| – |
– |
4 |
Unit Details
| Unit # |
Sq Ft |
Beds |
Baths |
Rent |
| 1 |
1,350 |
5 |
0/0 |
$2,800 |
| 2 |
1,350 |
5 |
0/0 |
$2,370 |
| 3 |
647 |
2 |
0/0 |
$1,150 |
| 4 |
634 |
2 |
0/0 |
$1,580 |
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Disclosures
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This listing information is up-to-date as of July 12, 2026. For the most current information, please contact Leo Zhang, (510) 590-1628.