787 22Nd StOakland, CA 94612

This exceptional 22-unit apartment building in Oakland, CA, presents a compelling investment opportunity. Located at 787 22nd Street, 94612, this meticulously maintained property boasts 13,601 square feet and offers a 6.08% cap rate with 97% occupancy. The asking price is $4,400,000, or $200,000 per unit, translating to $323.51 per square foot. The unit mix includes thirteen one-bedroom, one-bathroom units and nine studio units, catering to a diverse tenant base. Its prime location in Oakland provides easy access to major employment centers, public transportation, and a vibrant urban lifestyle with nearby shopping, dining, and recreational facilities. The strong Oakland rental market, characterized by limited housing supply and high demand, ensures solid rental income potential and opportunities for future rent growth. The property's well-maintained condition minimizes ongoing maintenance expenses, while selective renovations offer potential for value enhancement and increased returns. This asset offers immediate income generation and long-term appreciation prospects in a thriving Bay Area market. This is a chance to acquire a well-positioned investment with significant upside potential in a dynamic urban setting.