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32636050
32636051

603 22nd St, Oakland, CA 94612

GC
CA CA 01700439
NAI Northern California - HQ
JB
CA CA 02098549
NAI Northern California
RC
CA CA 01252164
NAI Northern California
Listed by NAI Northern California - HQ, NAI Northern California
$2,450,000
59 days on market
Updated 4 days ago

603 22nd St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,150
Units 9
Cap Rate 6.89%
NOI $168,849
Occupancy 100%
Tenancy Multi
Price per SqFt $415
Year Built 2021
Lot Size (SqFt) 3,002
Investment Type Stabilized

Multifamily | 9 Units | $272,222/unit

Marketing description

Introducing a rare opportunity to acquire a truly turn-key, brand-new construction 9-unit multifamily asset in Oakland — impeccably built, meticulously maintained, and fully rented since day one. Completed in early 2021 and constructed with uncompromising quality, this property delivers the upside of institutional-grade new construction with the upside flexibility to optimize rents. Zero vacancy, minimal capital needs, and operational simplicity make this a highly attractive acquisition for a buyer seeking both stability and growth.

603 22nd Street is situated in Oakland's vibrant uptown neighborhood, just minutes from Downtown Oakland and Jack London Square. This highly walkable, transit-oriented location offers quick access to BART, AC Transit, and major thoroughfares connecting to Berkeley and San Francisco. Surrounded by cafes, markets, and neighborhood amenities, the property attracts professionals seeking urban convenience and modern living. The area continues to experience strong rental demand and steady growth, making it one of Oakland's most desirable multifamily submarkets.

Investment highlights

  • New construction - completed in 2021
  • Fire sprinkler system
  • Built to last - 40 year shingle roof, high-grade finishes including in-unit laundry
  • Separately metered for electric, gas, and sub-metered for water
  • Strong demand with 100% occupancy since lease up
  • Located in uptown Oakland, near plentiful dining and retail options in downtown and Jack London square

Listing Contacts

GC
CA CA 01700439
NAI Northern California - HQ
JB
CA CA 02098549
NAI Northern California
RC
CA CA 01252164
NAI Northern California
Listed by NAI Northern California - HQ, NAI Northern California

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$168,849.00
$14,070.75/mo

Valuation Metrics

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DSCR
6.89%
Cap Rate
6.89%
ROI

Map

Zoning

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D-DT-R ResidentialMulti FamilyDowntown District Residential
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View all 96 uses
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Sam Hayes
License
01842440
Title
Broker of Record
Name
Grant Chappell
License
CA 01700439
Brokerage
NAI NorCal
Title
RE Broker
Name
Jonathan Burmenko
License
CA 02098549
Brokerage Phone
510.336.4712
Name
Robert Chappell
License
CA 01252164
Brokerage Phone
9167123990
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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