2120 E 22nd Ave Oakland, CA 94606

Attention Investors! A fully occupied, cash-flowing four-unit investment in Oakland's Highland Terrace offered at a 7.04% cap rate with $62,992 in net operating income and $7,762 in monthly gross rents collected today. All four units are 2-bedroom/1-bath, currently generating $93,143 in gross scheduled rent annually. The two-story wood-frame building has been refreshed throughout renovated kitchens with quartz countertops, stained hardwood cabinetry, subway tile backsplash, and luxury vinyl plank flooring across all units. The property features a security-gated front and rear entry, private side yard, and rear surface parking lot. At $223,750/unit and a sub-10 GRM, this type of stabilized East Bay multifamily is increasingly hard to find clean, income-producing, and priced to move. Key Metrics Offering Price: $895,000 Price/Unit: $223,750 GRM: 9.61 Cap Rate: 7.04% NOI: $62,992 Monthly Gross Rents: $7,762 Units: 4 2BR/1BA 100% Occupied