1818 E 22nd St Oakland, CA 94606
Highland Terrace NeighborhoodEstimated payment $6,602/month
Highlights
- Gated Community
- Luxury Vinyl Plank Tile Flooring
- Coin Laundry
- No HOA
About This Home
Exceptional investment opportunity in Oakland's high-demand Fruitvale/San Antonio corridor! This fully remodeled multi-unit property delivers four income streams under one roof a stunning 3BD/2BA unit, two spacious 2BD/1BA units, and an additional studio generating $9,700/month in gross rental income. Every unit has been tastefully renovated with modern finishes, updated kitchens, refreshed bathrooms, and contemporary flooring throughout. All units are currently occupied, meaning day-one cash flow with zero lease-up risk. Tenants pay their own PG&E (except studio), keeping operating costs low. The property sits on a gated lot with three off-street parking spaces a premium amenity in Oakland. With a cap rate of 8.56% and GRM of 8.59 at the $1,000,000 asking price, the numbers speak for themselves. Whether you're a seasoned investor or looking to house-hack and let your tenants pay your mortgage, this turnkey asset checks every box. Close to Fruitvale BART, the 580 freeway, shops, dining, and top employers. Properties like this fully remodeled, fully occupied, and cash-flowing from day one rarely hit the market. Don't miss it
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,413
Year Built
- Built in 1966
Lot Details
- 4,552 Sq Ft Lot
Home Design
- Triplex
- Concrete Foundation
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 2,961 Sq Ft Home
- 2-Story Property
- Luxury Vinyl Plank Tile Flooring
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
Utilities
- Window Unit Cooling System
- No Heating
Listing and Financial Details
- Security Deposit $9,500
- Assessor Parcel Number 022029801101
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 1 Unit Leased Month-To-Month
- Insurance Expense $4,000
- Net Operating Income $85,636
Additional Features
- Coin Laundry
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,206 | $870,000 | $261,000 | $609,000 |
| 2024 | $11,206 | $643,313 | $192,994 | $450,319 |
| 2023 | $11,656 | $630,701 | $189,210 | $441,491 |
| 2022 | $11,195 | $618,335 | $185,500 | $432,835 |
| 2021 | $10,498 | $606,215 | $181,864 | $424,351 |
| 2020 | $10,350 | $598,000 | $179,400 | $418,600 |
| 2019 | $9,827 | $586,274 | $175,882 | $410,392 |
| 2018 | $9,622 | $574,778 | $172,433 | $402,345 |
| 2017 | $9,192 | $563,508 | $169,052 | $394,456 |
| 2016 | $8,902 | $552,460 | $165,738 | $386,722 |
| 2015 | $8,853 | $544,161 | $163,248 | $380,913 |
| 2014 | $9,142 | $533,503 | $160,051 | $373,452 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/09/2026 06/09/26 | For Sale | $1,000,000 | +14.9% | $338 / Sq Ft | |
| 02/04/2025 02/04/25 | Off Market | $870,000 | -- | -- | |
| 10/14/2024 10/14/24 | Sold | $870,000 | -2.8% | $294 / Sq Ft | View Prior Sale |
| 09/19/2024 09/19/24 | Pending | -- | -- | -- | |
| 08/22/2024 08/22/24 | For Sale | $895,000 | -- | $302 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $870,000 | Chicago Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $460,000 | Commonwealth | |
| Grant Deed | $170,000 | Fidelity National Title Co | |
| Grant Deed | $110,000 | Fidelity National Title Co | |
| Grant Deed | $194,000 | Fidelity National Title Ins |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $696,000 | New Conventional | |
| Previous Owner | $80,000 | Credit Line Revolving | |
| Previous Owner | $322,000 | Purchase Money Mortgage | |
| Previous Owner | $210,000 | Unknown | |
| Previous Owner | $187,500 | Stand Alone First |
Source: MetroList
MLS Number: 226073149
APN: 022-0298-011-01
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