2120 E 22nd St Oakland, CA 94606
Highland Terrace NeighborhoodEstimated payment $5,828/month
Highlights
- No HOA
- Tile Flooring
- Heating System Uses Natural Gas
- Tandem Parking
- Fenced
- Back Yard
About This Home
Value-Add Fourplex | Highland Terrace | Income + Upside | 7.73% estimated in-place cap rate. 2120 E 22nd St presents a compelling four-unit opportunity for investors or owner-occupants seeking immediate income with clear upside. Located in Oakland’s Highland Terrace neighborhood, the property benefits from strong rental demand and proximity to transit, neighborhood services, and key commuter routes. The property includes four (4) 2bed/1bath units with off-street parking and coin-op laundry. This is a practical acquisition for buyers who want near-term growth through rent optimization rather than waiting years for natural turnover. PSL compliant.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 5,250 Sq Ft Lot
- Fenced
- Back Yard
Parking
- Tandem Parking
Home Design
- Quadruplex
- Composition Shingle Roof
- Stucco
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- Gas Water Heater
Community Details
- No Home Owners Association
- 2,860 Sq Ft Building
- Highland Terrace Subdivision
Listing and Financial Details
- Assessor Parcel Number 22296123
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $19,076 | $1,227,050 | $368,115 | $858,935 |
| 2024 | $19,076 | $1,202,992 | $360,897 | $842,095 |
| 2023 | $19,967 | $1,179,408 | $353,822 | $825,586 |
| 2022 | $19,399 | $1,156,286 | $346,886 | $809,400 |
| 2021 | $18,248 | $1,133,615 | $340,084 | $793,531 |
| 2020 | $18,039 | $1,122,000 | $336,600 | $785,400 |
| 2019 | $13,420 | $821,100 | $249,900 | $571,200 |
| 2018 | $13,134 | $805,000 | $245,000 | $560,000 |
| 2017 | $6,272 | $331,166 | $99,350 | $231,816 |
| 2016 | $6,030 | $324,674 | $97,402 | $227,272 |
| 2015 | $5,988 | $319,800 | $95,940 | $223,860 |
| 2014 | $6,210 | $313,535 | $94,060 | $219,475 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/27/2026 01/27/26 | For Sale | $825,000 | -- | $288 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Available | |
| Grant Deed | $1,100,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $805,000 | Chicago Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $300,000 | Chicago Title Company | |
| Trustee Deed | $257,270 | Accommodation | |
| Grant Deed | $758,000 | Chicago Title Co | |
| Grant Deed | $675,000 | Chicago Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $825,000 | New Conventional | |
| Previous Owner | $180,000 | New Conventional | |
| Previous Owner | $530,600 | Fannie Mae Freddie Mac | |
| Previous Owner | $472,500 | Fannie Mae Freddie Mac |
Source: bridgeMLS
MLS Number: 41122222
APN: 022-0296-012-03
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Bay East 2026. CCAR 2026. bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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