1944 E 24Th St Open House Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94606
OPEN HOUSE
Thu Oct 02, 11:00am - 1:00pm Sat Oct 04, 11:00am - 1:00pm Sun Oct 05, 2:00pm - 4:00pm Thu Oct 09, 11:00am - 1:00pm Sat Oct 11, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $258
MLS Listing ID EB41112729
Bedrooms 10
Year Built 1945
Lot Size 7,350 Sqft
Property Sub-Type Fourplex
Source Bridge MLS
Property Description
High-income property with built-in upside in Oakland's Highland Terrace, 1944 E 24th St features four legal units-three 2BD/1BA and one 4BD/1BA-plus a bonus 2BD/1BA unit with its own private entrance. One 2BD unit will be delivered vacant and move-in ready-perfect for an owner-occupant or setting market rents. Two Section 8 tenants are currently paying below market, creating a clear path to raise rents by $2,300+/month. With projected gross income of $10,500/month, the property offers a strong 9.1% CAP rate. Set across two two-story buildings totaling 3,480 sq ft on a large lot with 7 off-street parking spaces. Located near Lake Merritt, Downtown Oakland, and major freeways, this is an ideal fit for investors, owner-occupants, or multigenerational buyers seeking income, space, and long-term flexibility.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Interior
Heating Floor Furnace ,Gas
Cooling Other
Flooring Laminate,Tile
Laundry Hookup - Washer/Dryer ,Dryer
Exterior
Garage Spaces 7.0
Roof Type Tar and Gravel
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public,Heater - Gas
Others
Tax ID 22-328-12
Special Listing Condition New,Not Applicable