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

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

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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