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  • 2223 E 23Rd St

2223 E 23rd St, Oakland, CA 94606

$918,000 Approx. USD 0 beds, 0 baths

Reduced by $20,000 on 9/10/2026
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Photo of Patrick Rodriguez

Patrick Rodriguez REALTOR® - Sales Associate 805-364-2802 m
805-667-0994 o
Lic#: 01377250
NRDS ID: 200500546
propertiesbypatrickrodriguez@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 01377250
NRDS ID: 200500546
propertiesbypatrickrodriguez@gmail.com Santa Ynez Valley Office
2933 San Marcos Ave, Suite 102
Los Olivos, CA 93441
Phone: 805-688-1794
Fax: 805-688-5970
 Santa Ynez Valley 2933 San Marcos Ave, Suite 102
Los Olivos, CA 93441
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Fax: 805-688-5970
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Listing Agent


Leo Zhang | leozhang081@gmail.com
Lic#: 02024974
Broker: Courtesy of RE/MAX Accord
Phone: 510-590-1628

Co Listing Agent


Gloria Chun | gc027@outlook.com
Lic#: 02084703
Broker: Courtesy of RE/MAX Accord
Phone: 510-560-5666

Agent Remarks

A rare and compelling income-producing opportunity in the heart of Oakland — this well-maintained 4-unit multifamily building offers 3,981 square feet of living space on a 7,000 square foot lot, delivering strong day-one cash flow with significant long-term upside. Currently generating $7,900 in monthly gross rental income with a cap rate exceeding 8%, the numbers speak for themselves — this is one of Oakland’s most attractive investment opportunities to hit the market in recent memory. The property features a desirable mix of spacious units with coin laundry on-site, providing additional income and convenience for tenants. The generous 7,000 square foot lot also presents an exceptional ADU development opportunity — adding a unit would further increase rental income and drive long-term asset appreciation. Whether you’re a seasoned investor looking to expand your portfolio or an owner-occupant seeking to live in one unit while the others pay your mortgage, this versatile asset offers a strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walk ability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Airport, and the waterfront dining and entertainment of Jack London Square. With Oakland’s ongoing urban growth and strong rental demand, this is the kind of asset that builds generational wealth — don’t miss it.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# 41141385
List price is $918,000 Reduced by $20,000 on 9/10/2026
Price: $918,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1898
0.16 acres
Lot size: 0.1607
Subdivision: None
County: Alameda
Construction: Wood Siding
Appliances: Gas Water Heater
Parking description: Garage
Lot description: Back Yard
Heating description: Wall Furnace

Last Updated: 9/16/2026

 Days On Market (DOM): 68

 Find more Oakland homes and real estate

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Lat/Long: 37.790659, -122.231300.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Patrick Rodriguez

Patrick Rodriguez REALTOR® - Sales Associate 805-364-2802 m
805-667-0994 o
Lic#: 01377250
NRDS ID: 200500546
propertiesbypatrickrodriguez@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 01377250
NRDS ID: 200500546
propertiesbypatrickrodriguez@gmail.com
Santa Ynez Valley Office
2933 San Marcos Ave, Suite 102
Los Olivos, CA 93441
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