Home | Alameda County | Oakland | 94606 | 2244 12th Ave
2244 12th Ave, Oakland, CA 94606
MLS: ML82045784 | Status: | Price: $1,375,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
5,495 |
7,500 |
1962 |
Upcoming Open Houses
| Date |
Time |
Hosted By |
| Thursday, May 14 |
12:30 pm - 2:00 pm |
Tony Zizzo |
Price Per Unit Under $200k. 2244 12th Avenue presents a seven-unit multifamily investment opportunity in Oakland's Clinton Neighborhood, a well-established rental pocket in the East Bay. Located on a corner lot with strong street presence, the property offers immediate access to Lake Merritt, Grand Avenue, Lakeshore dining and retail, Downtown Oakland employment hubs, and direct freeway access to I-580 and I-880.
The asset consists of seven 2-bedroom/1-bathroom apartments across a two-story wood frame and stucco building totaling 5,495 sq ft, built in 1962 on a 0.17-acre lot. All units are individually metered for gas and electricity. Income is further supported by a double garage leased to an on-site tenant, five designated parking spaces offered to residents for a monthly fee, and a coin-operated laundry room generating supplemental income.
Units are clean and fully rentable in their current condition, with clear value-add potential for an incoming owner to modernize interiors and bring rents to market at $2,200/month. Current cap rate of 7.81% with a pro forma cap rate of 9.52% at market rents. SB 721 inspection completed. Do Not Disturb Tenants.
| Field |
Value |
| MLS # |
ML82045784 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
9 |
Features
Interior Features
| Feature |
Details |
| Appliances |
Oven Range - Electric |
| Flooring |
Vinyl/Linoleum |
| Laundry |
Coin Operated |
| Cooling |
Other |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Flat, Rolled/Hot Mop |
| Foundation |
Slab |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Attached Garage, On Street, Garage: 2 Car(s) |
| Elementary District |
Oakland Unified |
| High School District |
Oakland Unified |
| Sewer |
Private Sewer |
| Zoning |
RM-2 |
| Listing Agent |
Co-Listing Agent |
| Ray Rodriguez |
Tony Zizzo |
| Compass |
|
| License #: 01999734 |
License #: 01962093 |
| Phone: (650) 405-0743 |
Phone: (650) 770-8356 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
6 |
7 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
765 |
2 |
1/0 |
$1,496 |
$2,200 |
7 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
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Disclosures
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This listing information is up-to-date as of May 11, 2026. For the most current information, please contact Ray Rodriguez, (650) 405-0743.