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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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2223 E 23rd St Oakland, CA 94606
$918,000 0 beds, 0 baths
0 sqft
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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 strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walk ability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Airport, and the waterfront dining and entertainment of Jack London Square. With Oakland’s ongoing urban growth and strong rental demand, this is the kind of asset that builds generational wealth — don’t miss it.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# 41141385
List price is $918,000 Reduced by $20,000 on 9/10/2026
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1898
0.16 acres
Lot size: 0.1607
Subdivision: None
County: Alameda
Construction: Wood Siding
Appliances: Gas Water Heater
Parking description: Garage
Lot description: Back Yard
Heating description: Wall Furnace

Last Updated: 9/16/2026

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Lat/Long: 37.790659, -122.231300.
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Listing Agent: Leo Zhang
Co Listing Agent: Gloria Chun
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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