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  • 2246 23Rd Ave

2246 23rd Ave, Oakland, CA 94606

$1,300,000 Approx. USD 0 beds, 0 baths
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Photo of Patrick Ahern

Patrick Ahern REALTOR® - Sales Associate 858-220-9001 m
858-459-0501 o
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com Text Me
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Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275
 La Jolla Prospect 1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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Fax: 858-459-3275
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Listing Agent


Joseph Owens | joe.owens@marcusmillichap.com
Lic#: 01707768
Broker: Courtesy of Marcus & Millichap
Phone: 925-808-9098

Agent Remarks

Fully occupied seven-unit multifamily asset in Oakland's Highland Terrace neighborhood. $1,300,000 ($185,714/unit, $275/SF). 5.46% current cap rate vs. 7.41% at market rents, with 20.4% rental upside and 35.6% NOI growth potential with no capital spend. Recent capital improvements include upgraded plumbing, electrical, windows, and roof. Located under 1 mile from Highland Hospital and roughly 1.6 miles from Fruitvale BART, with direct access to I-880. In-place NOI: $70,803. Market NOI: $96,095. The 2 live/work style units are not permitted.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41144736
Price: $1,300,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1926
0.07 acres
Lot size: 0.0652
Subdivision: HIGHLAND TERRACE
County: Alameda
Construction: Stucco
Lot description: Corner Lot
Heating/cooling: See Remarks
Heating description: See Remarks

Last Updated: 8/19/2026

 Days On Market (DOM): 86

 Find more Oakland homes and real estate

 Find more homes in 94606 zip code

 Find more homes in the HIGHLAND TERRACE subdivision

Lat/Long: 37.790032, -122.230057.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Patrick Ahern

Patrick Ahern REALTOR® - Sales Associate 858-220-9001 m
858-459-0501 o
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com
La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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