2216 23rd St, Oakland CA 94606 | $1,460,000
Listing provided courtesy of Ken Wu of Compass. Last updated 2026-01-11 09:11:22.000000. Listing information © 2025 SANDICOR.
The R&Z Group of Compass Commercial is excited to introduce 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 are currently 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.
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0.16 Acres
