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$900,000
Est. payment /mo
7,348 Sqft Lot
Open House
Sat Sep 27, 11:00am - 1:00pm
Sun Sep 28, 2:00pm - 4:00pm
Thu Oct 02, 11:00am - 1:00pm
Sat Oct 04, 11:00am - 1:00pm
Sun Oct 05, 2:00pm - 4:00pm
Thu Oct 09, 11:00am - 1:00pm
Sat Oct 11, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Alameda County
MLS Listing ID 41112729
HOA Y/N No
Year Built 1945
Lot Size 7,348 Sqft
Property Sub-Type Quadruplex
Property Description
High-income property with built-in upside in Oakland's Highland Terrace, 1944 E 24th St features four legal units—three 2BD/1BA and one 4BD/1BA—plus a bonus 2BD/1BA unit with its own private entrance. One 2BD unit will be delivered vacant and move-in ready—perfect for an owner-occupant or setting market rents. Two Section 8 tenants are currently paying below market, creating a clear path to raise rents by $2,300+/month. With projected gross income of $10,500/month, the property offers a strong 9.1% CAP rate. Set across two two-story buildings totaling 3,480 sq ft on a large lot with 7 off-street parking spaces. Located near Lake Merritt, Downtown Oakland, and major freeways, this is an ideal fit for investors, owner-occupants, or multigenerational buyers seeking income, space, and long-term flexibility.
Location
State CA
County Alameda
Interior
Heating Floor Furnace, Natural Gas
Cooling See Remarks
Flooring Laminate, Tile
Fireplace No
Appliance Gas Water Heater, Dryer
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 7
Building
Lot Description Street Level
Sewer Public Sewer
Others
Tax ID 2232812
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Listed by Joey Wang Keller Williams Realty
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