1944 E 24Th St Pending Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94606
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
Year Built 1945
Lot Size 7,350 Sqft
Property Sub-Type Quadruplex
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
Laundry Dryer,Washer/Dryer Hookups
Building
Lot Description Level
Water Mutual Water