2216 23rd St, Oakland, CA 94606

• 5,088 sqft

Property Description

Introducing 2216 E 23rd Street, Oakland, CA to the open market. This well-maintained six-unit apartment building is located in a quiet residential pocket of Oakland and is widely regarded as one of the nicest properties in the immediate area, offering tenants a peaceful setting with convenient access to daily necessities and nearby amenities. This standout property features a strong and desirable unit mix of (2) 3 Bed, 1 Bath units, (3) 2 Bed, 1 Bath units, and (1) 1 Bed, 1 Bath unit, all of which have been renovated and consistently maintained. Rebuilt in 1974, the building offers one-to-one parking directly in front of the property, an on-site laundry room, and separate PG&E meters, enhancing both tenant appeal and operational efficiency. Additionally, two units shall be delivered vacant, providing immediate upside through owner-occupancy or lease-up to market rents. Offered at a compelling 6.5% cap rate and 9.7 GRM, this asset presents a rare opportunity for stable cash flow with long-term value growth.

Listing Status:

Active

Date Added:

January 9, 2026

Data Last Updated:

February 6, 2026 at 4:06AM

Listing Office:

Compass : 415-929-7100

Listing Agent:

Ken Wu : 408-666-2585

MLS ID:

41120534

Interior

• Laundry: Laundry Room
• Basement: Unfinished
• Flooring: LaminateVinyl
• A/C: Other
• Heating: Wall Furnace

Exterior

• Parking: Off SiteSpace Per Unit - 1

Construction

• Roofing: Shingle
• General: Stucco

Location

• Originating MLS: Paragon
• County: Alameda

Utilities

• Utilities: Other Water/SewerIndividual Electric MeterIndividual Gas Meter
• Water: Other
• Sewer: Other

Financial

• Source: Paragon