2244 12th Ave, Oakland, CA 94606

• 5,495 sqft

Property Description

Cap Rate - 6.42% (Current) | GRM - 8.83 (Current) | Cap Rate - 8.47% | (Proforma) | GRM - 7.32 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.

Listing Status:

Active

Date Added:

September 29, 2025 at 05:00AM

Listing Office:

BCRE : 510-222-0900

Listing Agent:

Davide Pio : 510-815-2000

MLS ID:

41113160

Interior

• Appliances: Gas Water Heater
• Laundry: Coin OperatedCommon AreaDryerLaundry RoomLaundry Equip - Leased
• Basement: None
• Flooring: Other
• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: AttachedEnclosedGarageOff SiteOtherOn Street

Construction

• General: Stucco

Location

• County: Alameda

Lot

• Zoning: 2230115

Utilities

• Utilities: Individual Electric MeterIndividual Gas Meter

This listing courtesy of Davide Pio, BCRE