Listed by MKD Group
$849,000
4 Unit in Highland Terrace
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,860
Units 4
Cap Rate 7.40%
NOI $62,992
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.42%
Pro-Forma NOI $62,992
Price per SqFt $297
Class B
Year Built 1962
Buildings 1
Stories 2
Lot Size (SqFt) 5,250
Zoning Residential Multi-Unit (verify)
Investment Type Stabilized
Multifamily | 7.4% CAP | 4 Units
Marketing description
MKD Group Realty is pleased to exclusively offer 2120 E 22nd Street, a four-unit multifamily investment property in Oakland's vibrant Clinton / San Antonio district. This offering presents a stabilized cash-flowing asset with measurable future upside as units turn.
Investment highlights
- 100% Occupied. All four units leased with stable, long-term tenants in place — immediate day-one income.
- Strong In-Place Cash Flow. $7,762/month in gross collected rent, totaling $93,143 annually.
- Measurable Upside. Unit B is a long-term legacy tenant at $1,381/month — substantially below the $2,000–$2,335 market rate achieved on the other three units.
- Oakland Rent Ordinance Eligible. Annual CPI-based adjustments allow for consistent, compliant rent growth under local rent stabilization.
- Highland Terrace Location. Two blocks from the Fruitvale / San Antonio border, minutes to Lake Merritt, Downtown Oakland, and I-880.
- Well-Maintained Asset. Updated kitchens, security-gated entries, on-site parking, and clean common areas minimize near-term capex.
Listing Contacts
Listed by MKD Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,992.00
$5,249.33/mo
Valuation Metrics
0
DSCR
7.42%
Cap Rate
7.42%
ROI
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Zoning
RM-1 MixedMixed UseMixed Housing Residential 1
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View all 78 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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