714-745-2708

2223 E 23rd St, Oakland, CA 94606

$918,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Leo Zhang | leozhang081@gmail.com
Lic#: 02024974
Broker: Courtesy of RE/MAX Accord
Phone: 510-590-1628

Co Listing Agent

Gloria Chun | gc027@outlook.com
Lic#: 02084703
Broker: Courtesy of RE/MAX Accord
Phone: 510-560-5666

Agent Remarks

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

Price: $918,000

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

Days On Market (DOM): 82

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Lat/Long: 37.790659, -122.231300.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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