CA
Alameda
OAKLAND
94606
2244 12th Avenue
2244 12th Avenue, OAKLAND, CA 94606
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Listing Type
Multi Family
Listing Status
Active
14
$1,375,000

Home Details for 2244 12th Avenue

Price
$1,375,000
Type
Residential Income
Square feet
5495
Year built
1962
County
Alameda
Garage
2
MLS Listing#
ML82045784
Listed By: Compass - 415-345-3000
Listed By: Ray Rodriguez
Property Description

Price Per Unit Under $200k. 2244 12th Avenue presents a seven-unit multifamily investment opportunity in Oakland's Clinton Neighborhood, a well-established rental pocket in the East Bay. Located on a corner lot with strong street presence, the property offers immediate access to Lake Merritt, Grand Avenue, Lakeshore dining and retail, Downtown Oakland employment hubs, and direct freeway access to I-580 and I-880. The asset consists of seven 2-bedroom/1-bathroom apartments across a two-story wood frame and stucco building totaling 5,495 sq ft, built in 1962 on a 0.17-acre lot. All units are individually metered for gas and electricity. Income is further supported by a double garage leased to an on-site tenant, five designated parking spaces offered to residents for a monthly fee, and a coin-operated laundry room generating supplemental income. Units are clean and fully rentable in their current condition, with clear value-add potential for an incoming owner to modernize interiors and bring rents to market at $2,200/month. Current cap rate of 7.81% with a pro forma cap rate of 9.52% at market rents. SB 721 inspection completed. Do Not Disturb Tenants.

Property Features
  • Parking
    • Attached
    • On Street
    • Assigned
  • Cooling Information
    • Other
  • Heating Information
    • Wall Furnace
  • Water Features
    • Private
  • Garage
    • 1
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-05-11 11:10:34
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
408 778 9990
Agent
408 202 3243
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