2216 E 23rd St Oakland, CA 94606
Highland Terrace NeighborhoodEstimated payment $9,700/month
Highlights
- No HOA
- Laundry Room
- Wall Furnace
- Cooling Available
- 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 7% cap rate and 9.1 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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Home Design
- 5,088 Sq Ft Home
- Shingle Roof
- Stucco
Flooring
- Laminate
- Vinyl
Parking
- 1 Parking Space Included
- Off-Site Parking
Utilities
- Cooling Available
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Additional Features
- Laundry Room
- 7,000 Sq Ft Lot
- Unfinished Basement
Community Details
- No Home Owners Association
- Bridge Aor Association
- Highland Terrace Subdivision
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 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/26/2026 02/26/26 | Pending | -- | -- | -- |
| 02/17/2026 02/17/26 | Price Changed | $1,400,000 | -4.1% | $275 / Sq Ft |
| 01/09/2026 01/09/26 | For Sale | $1,460,000 | -- | $287 / Sq Ft |
About the Listing Agent
Ken Wu
Compass
Source: bridgeMLS
MLS Number: 41120534
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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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