2120 E 22Nd St, Oakland, CA 94606

Property Description

Value-Add Fourplex | Highland Terrace | Income + Upside | 7.73% estimated in-place cap rate. 2120 E 22nd St presents a compelling four-unit opportunity for investors or owner-occupants seeking immediate income with clear upside. Located in Oakland’s Highland Terrace neighborhood, the property benefits from strong rental demand and proximity to transit, neighborhood services, and key commuter routes. The property includes four (4) 2bed/1bath units with off-street parking and coin-op laundry. This is a practical acquisition for buyers who want near-term growth through rent optimization rather than waiting years for natural turnover. PSL compliant.

Listing Status:

Active

Date Added:

January 27, 2026

Data Last Updated:

February 6, 2026 at 5:16AM

Listing Office:

Red Oak Realty : 510-292-2000

Listing Agent:

Thomas Garabedian Cone : 510-499-1235

MLS ID:

41122222

Interior

• Appliances: Gas Water Heater
• Flooring: CarpetLaminateTile
• A/C: None
• Heating: Natural GasWall Furnace

Exterior

• Parking: Parking spaces: 8

Construction

• Roofing: Shingle
• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_BMLS
• County: Alameda

Lot

• Zoning: 22296123

Utilities

• Sewer: Public Sewer

Financial

• Source: CRMLS_BMLS