2223 E 23rd St, Oakland, CA 94606

Oakland
Local realty services provided by:ERA North Orange County Real Estate
2223 E 23rd St,Oakland, CA 94606
$938,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: leo zhang, gloria chun
Office: re/max accord510-739-4000
MLS#:41141385
Source:CRMLS

Price summary

  • Price:$938,000

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 $7,900 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...

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Home facts

  • Year built:1898
  • Subdivision & Development:None
  • Listing ID #:41141385
  • Added:57 day(s) ago
  • Updated:September 07, 2026 at 11:02 AM

Rooms and interior

  • Flooring:Concrete, Laminate

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1898
  • Lot area:0.16 Acres
  • Lot Features:Back Yard
  • Construction Materials:Wood Siding

Finances and disclosures

  • Price:$938,000

Features and amenities

  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:8
  • Parking description:Garage
  • Garage:Yes
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