206 23Rd St, Oakland, CA 94612

About this property

The property is a well-maintained 9-unit apartment building located in Downtown Oakland, just steps from Lake Merritt. The property consists of eight (8) 1 bedroom 1 bathroom units and one (1) studio unit with two off-street parking spots and one garage space. Two units will be delivered vacant upon close of escrow. The property boasts beautiful 1900s architecture, hardwood floors, and period-appropriate details. The property offers over $70,000 of annual rental upside allowing a new owner to maximize their return over time. This highly sought-after location will continue to attract premium tenants and maintain a low vacancy rate. 206 23rd Street is located in Downtown Oakland steps from Lake Merritt. This property is less than a mile from the 19th Street BART station with easy access to interstates 580 and 880 for seamless connection to the entire San Francisco Bay Area. Residents enjoy endless amenities in Uptown, Downtown, and Lake Merritt, including Whole Foods, just a 5-minute walk away. The properties are walkable to both Kaiser Permanente (Oakland's Largest Employer) and Sutter Health Alta Bates Medical Center (Oakland's Second Largest Employer), earning a near-perfect Walk Score of 97!

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$1,625,000

Sold June 2023 · listed $1,698,000, on market March 2023 · MLS #41022241 · Source: CRMLS

Listing Agent: Timothy Warren · Listing Office: NAI Northern California · Contact: 510-336-4712 · Bought with: Timothy Warren · NAI Northern California

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