2120 E 22nd Avenue, Oakland, CA 94606

Oakland
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
2120 E 22nd Avenue,Oakland, CA 94606
$895,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mark r chow, zach derossette
Office: compass
MLS#:426126255
Source:CABCREIS

Price summary

  • Price:$895,000

About this home

Attention Investors! A fully occupied, cash-flowing four-unit investment in Oakland's Highland Terrace offered at a 7.04% cap rate with $62,992 in net operating income and $7,762 in monthly gross rents collected today. All four units are 2-bedroom/1-bath, currently generating $93,143 in gross scheduled rent annually. The two-story wood-frame building has been refreshed throughout renovated kitchens with quartz countertops, stained hardwood cabinetry, subway tile backsplash, and luxury vinyl plank flooring across all units. The property features a security-gated front and rear entry, private side yard, and rear surface parking lot. At $223,750/unit and a sub-10 GRM, this type of stabilized East Bay multifamily is increasingly hard to find clean, income-producing, and priced to move. Key Metrics Offering Price: $895,000 Price/Unit: $223,750 GRM: 9.61 Cap Rate: 7.04% NOI: $62,992 Monthly Gross Rents: $7,762 Units: 4 2BR/1BA 100% Occupied

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Home facts

  • Year built:1962
  • Listing ID #:426126255
  • Added:3 day(s) ago
  • Updated:May 03, 2026 at 02:41 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:16
  • Flooring:Carpet, Tile

Structure and exterior

  • Roof:Composition
  • Year built:1962
  • Lot area:0.12 Acres
  • Levels:2 Story

Utilities

  • Water:Water District
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$895,000

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:4
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