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Listed by Joey Wang • Keller Williams Realty
$ 900,000
Est. payment | /mo
3,480 SqFt
$ 900,000
Est. payment | /mo
3,480 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $258
Subdivision Alameda County
MLS Listing ID 41112729
HOA Y/N No
Year Built 1945
Lot Size 7,350 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
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
Interior
Heating Floor Furnace, Natural Gas
Cooling Other, Room Air
Flooring Laminate, Tile
Fireplace No
Window Features Double Pane Windows
Appliance Dryer, Gas Water Heater
Laundry Dryer, Washer/Dryer Hookups
Building
Lot Description Level
Water Mutual Water
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227