Ad #7669135
MLS #41141385
A rare and compelling income-producing opportunity in the heart
2223 E 23Rd St, Oakland, California, 94606
$938,000
14Beds
17Baths
3,981Sqft
0.161Acres
About this property
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.
Property Features
14 Beds
17 Baths
3,981 Sqft
Built in 1898
0.161 Acres
Parking Lot
Siding: Wood Siding
Wall Furnace
Alameda County
Additional Photos
Contact Information
Leo Zhang
RE/MAX Accord
510-590-1628
Location
Listing Agent: Leo Zhang 510-590-1628
Broker: RE/MAX Accord 925-838-4100 Listing Site
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: RE/MAX Accord 925-838-4100 Listing Site
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$938,000
14
Beds
17
Baths
3,981
Sqft
2223 E 23Rd St, Oakland, California, 94606
By contacting this agent you agree to these Terms and Conditions.
MLS# 41141385
A rare and compelling income-producing opportunity in the heart
$938,000
2223 E 23Rd St, Oakland, California, 94606
14
Beds
17
Baths
3,981
Sqft
0.161
Acres
$938,000
2223 E 23Rd St, Oakland, California, 94606
14 Beds
17 Baths
3,981 Sqft
0.161 Acres
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.
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Property Details
HOME DETAILS
14 Beds
17 Baths
3,981 Sqft
Built in 1898
0.161 Acres
EXTERIOR
Parking Lot
Siding: Wood Siding
INTERIOR
Wall Furnace
FINANCIAL & COMMUNITY
Alameda County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7669135
Viewed
20 times
Listing Status
Active
Added
Jul 12, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
Bay East
Source Property ID
41141385
Listing Agent: Leo Zhang 510-590-1628
Broker: RE/MAX Accord 925-838-4100 Listing Site
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: RE/MAX Accord 925-838-4100 Listing Site
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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