858-525-5007

2244 12th Ave, Oakland CA 94606 | $1,400,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 7500 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1962
  • MLS#: 41113160
  • Community:

Listing provided courtesy of Davide Pio of BCRE. Last updated 2025-11-12 09:11:24.000000. Listing information © 2025 SANDICOR.

Cap Rate - 6.42% (Current) | GRM - 8.83 (Current) | Cap Rate - 8.47% | (Proforma) | GRM - 7.32 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.

More Details

0.17 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985