1947 E 22Nd St
Oakland, CA, 94606
$1,100,000
Beds
0 Baths
SqFt
0.16 Acres
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This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry.  Two of the units are rented close to market and the other Three are under market, which means there is also  upside value in the rents.

Property Details

Price:
$1,100,000
MLS #:
40845547
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Apartment
City:
Oakland
Listed Date:
Nov 8, 2018
State:
CA
ZIP:
94606
Lot Size:
7,000 sqft / 0.16 acres (approx)
Year Built:
1964
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1947 E 22Nd St
Oakland, CA