$1,460,000

2216 E 23rd St Oakland, CA 94606

Highland Terrace Neighborhood

Estimated payment $10,054/month

Total Views 10,701
-- Bed
-- Bath
5,088 Sq Ft
$287 Price per Sq Ft

Highlights

  • Hot Property
  • Cooling Available
  • Wall Furnace
  • No HOA
  • Vinyl Flooring

About This Home

Introducing 2216 E 23rd Street, Oakland, CA to the open market. This well-maintained six-unit apartment building is located in a quiet residential pocket of Oakland and is widely regarded as one of the nicest properties in the immediate area, offering tenants a peaceful setting with convenient access to daily necessities and nearby amenities. This standout property features a strong and desirable unit mix of (2) 3 Bed, 1 Bath units, (3) 2 Bed, 1 Bath units, and (1) 1 Bed, 1 Bath unit, all of which have been renovated and consistently maintained. Rebuilt in 1974, the building offers one-to-one parking directly in front of the property, an on-site laundry room, and separate PG&E meters, enhancing both tenant appeal and operational efficiency. Additionally, two units shall be delivered vacant, providing immediate upside through owner-occupancy or lease-up to market rents. Offered at a compelling 6.5% cap rate and 9.7 GRM, this asset presents a rare opportunity for stable cash flow with long-term value growth.

Listing Agent

Ken Wu

Compass License #02131550 Listed on: 01/09/2026

Compass

Co-Listing Agent

Tony Zizzo

License #01962093

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,000 Sq Ft Lot

Home Design

  • Composition Shingle Roof
  • Stucco

Flooring

  • Laminate
  • Vinyl

Utilities

  • Cooling Available
  • Wall Furnace

Community Details

  • No Home Owners Association
  • Highland Terrace Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Year Built: 1964
  • Property Sub Type: 5 or More Units
  • Prop. Type: Commercial Sale
  • Co List Office Mls Id: MLL5012166
  • Subdivision Name: Highland Terrace
  • Directions: 21st Ave
  • Garage Yn: No
  • remarks11: Link to OM & Disclosures: https://forms.gle/wZufwQQjpXhdsFaLA
  • remarks22: Ken Wu - 408-666-2585 - Introducing 2216 E 23rd Street, Oakland, CA to the open market. This well-maintained six-unit apartment building is located in a quiet residential pocket of Oakland and is widely regarded as one of the nicest properties in the immediate area, offering tenants a peaceful setting with convenient access to daily necessities and nearby amenities.This standout property features a strong and desirable unit mix of (2) 3 Bed, 1 Bath units, (3) 2 Bed, 1 Bath units, and (1) 1 Bed, 1 Bath unit, all of which have been renovated and consistently maintained. Rebuilt in 1974, the building offers one-to-one parking directly in front of the property, an on-site laundry room, and separate PG&E meters, enhancing both tenant appeal and operational efficiency. Additionally, two units shall be delivered vacant, providing immediate upside through owner-occupancy or lease-up to market rents. Offered at a compelling 6.5% cap rate and 9.7 GRM, this asset presents a rare opportunity for stable cash flow with long-term value growth.
  • Special Features: None

Interior Features

  • Flooring: Laminate, Vinyl

Exterior Features

  • Roof: Composition Shingles
  • Lot Features: Other
  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Off Site, Space Per Unit - 1

Utilities

  • Heating: Wall Furnace
  • Cooling: Other
  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 7000

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $29,934 $1,977,132 $493,632 $1,483,500
2024 $29,934 $1,938,366 $483,953 $1,454,413
2023 $31,392 $1,900,369 $474,466 $1,425,903
2022 $30,331 $1,863,107 $465,163 $1,397,944
2021 $28,753 $1,826,580 $456,043 $1,370,537
2020 $28,520 $1,814,844 $451,369 $1,363,475
2019 $27,280 $1,779,402 $442,520 $1,336,882
2018 $26,698 $1,744,662 $433,846 $1,310,816
2017 $25,555 $1,708,917 $425,340 $1,283,577
2016 $10,975 $639,561 $157,363 $482,198
2015 $7,024 $345,607 $96,172 $249,435
2014 $7,158 $338,859 $94,289 $244,570
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2026 01/09/26 For Sale $1,460,000 -- $287 / Sq Ft
Source: bridgeMLS

About the Listing Agent

Ken Wu
Ken Wu

Compass

(877) 302-6030

Section Image

Ken Wu is a Senior Associate at Compass Commercial California and is recognized as CoStar's Power Broker. He has been actively involved as a multifamily sales specialist and is exceptionally gifted at his trade.

Ken is a catalyst in the team's high-yield performance of 40-50 transactions annually, personally closing over $60,000,000 in transactions. Well-versed in commercial investment real estate and its technicalities, he places his clients first and ensures that they increase their

View Ken's Profile

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Source: bridgeMLS

MLS Number: 41120534

bridgeMLS
California Alameda County Oakland 94606 Highland Terrace

2216 E 23rd St, Oakland, CA

For Sale

MultiFamily

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.

bridgeMLS Bay East 2025. CCAR 2025. bridgeMLS 2025. 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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Ken Wu
Listing Agent
Ken Wu
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Compass
(877) 302-6030