2244 12th Avenue, Oakland, CA 94606
- 5,495 sqft
other 
Built in 1962 
7,405sqft lot
—— car garage 
$250/sqft 
Listed 2 months ago
Property Description
Price Per Unit Under $200k. 2244 12th Avenue presents a seven-unit multifamily investment opportunity in Oakland's Clinton Neighborhood, a well-established rental pocket in the East Bay. Located on a corner lot with strong street presence, the property offers immediate access to Lake Merritt, Grand Avenue, Lakeshore dining and retail, Downtown Oakland employment hubs, and direct freeway access to I-580 and I-880. The asset consists of seven 2-bedroom/1-bathroom apartments across a two-story wood frame and stucco building totaling 5,495 sq ft, built in 1962 on a 0.17-acre lot. All units are individually metered for gas and electricity. Income is further supported by a double garage leased to an on-site tenant, five designated parking spaces offered to residents for a monthly fee, and a coin-operated laundry room generating supplemental income. Units are clean and fully rentable in their current condition, with clear value-add potential for an incoming owner to modernize interiors and bring rents to market at $2,200/month. Current cap rate of 7.81% with a pro forma cap rate of 9.52% at market rents. SB 721 inspection completed. Do Not Disturb Tenants.
- Listing Status:
- Pending
- Date Added:
- May 4, 2026
- Data Last Updated:
- July 5, 2026 at 12:08AM
- Listing Office:
- Compass :
- Listing Agent:
- Ray Rodriguez : 650-405-0743
- MLS ID:
- ML82045784
- Laundry: Coin Operated
- A/C: Other
- Heating: Wall Furnace
- Disability Feature: Other
- Parking: AttachedAssigned
- Roofing: Composition
- County: Alameda
- Zoning: RM-22230115
- Sewer: Sewer System - Private
This listing courtesy of Ray Rodriguez , Compass
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
