2223 23Rd St, Oakland, CA 94606

Oakland
Local realty services provided by:ERA North Orange County Real Estate
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 $7,900 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
  • Listing ID #:41141385
  • Added:9 day(s) ago
  • Updated:July 21, 2026 at 04:33 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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