2244 12th Ave, Oakland, CA 94606

Local realty services provided by:ERA North Orange County Real Estate
2244 12th Ave,Oakland, CA 94606
$1,400,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:davide pio
Office:bcre
MLS#:41113160
Source:CRMLS

Price summary

  • Price:$1,400,000

About this home

Cap Rate - 6.49% (Current) | GRM - 8.78 (Current) | Cap Rate - 8.54% | (Proforma) | GRM - 7.28 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.

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Home facts

  • Year built:1962
  • Listing ID #:41113160
  • Added:1 day(s) ago
  • Updated:September 30, 2025 at 11:41 AM

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1962
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,400,000
  • Tax amount:$23,888
Based on information from California Regional Multiple Listing Service, Inc. as of September 30, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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