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Listed by Joey Wang • Keller Williams Realty
$ 900,000
Est. payment /mo
Open Sat 11AM-1PM
1944 E 24Th St Oakland, CA 94606
10 Beds
4 Baths
3,480 SqFt
Open House
Thu Oct 09, 11:00am - 1:00pm
Sat Oct 11, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $258
MLS Listing ID EB41112729
Bedrooms 10
Year Built 1945
Lot Size 7,350 Sqft
Property Sub-Type Fourplex
Source Bridge MLS
Property Description
High-income property with built-in upside in Oakland's Highland Terrace, 1944 E 24th St features four legal units-three 2BD/1BA and one 4BD/1BA-plus a bonus 2BD/1BA unit with its own private entrance. One 2BD unit will be delivered vacant and move-in ready-perfect for an owner-occupant or setting market rents. Two Section 8 tenants are currently paying below market, creating a clear path to raise rents by $2,300+/month. With projected gross income of $10,500/month, the property offers a strong 9.1% CAP rate. Set across two two-story buildings totaling 3,480 sq ft on a large lot with 7 off-street parking spaces. Located near Lake Merritt, Downtown Oakland, and major freeways, this is an ideal fit for investors, owner-occupants, or multigenerational buyers seeking income, space, and long-term flexibility.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Interior
Heating Floor Furnace , Gas
Cooling Other
Flooring Laminate, Tile
Laundry Hookup - Washer/Dryer , Dryer
Exterior
Garage Spaces 7.0
Roof Type Tar and Gravel
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public, Heater - Gas
Others
Tax ID 22-328-12
Special Listing Condition Not Applicable
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