2244 12th Ave Oakland, CA $ 1,350,000
2244 12th Ave
$ 1,350,000
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2244 12th Ave

Oakland, CA, 94606
$ 1,350,000
Baths0.0

Monthly Estimate*

$ 8,422

Listed by BCRE
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View a Virtual Tour
Studio

Multi-Family Home for sale in Oakland, CA

for $1,350,000. This home was built in 1962 on a lot size of 0.1722.

Cap Rate - 6.66% (Current) | GRM - 8.52 (Current) | Cap Rate - 8.78% | (Proforma) | GRM - 7.06 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.

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Multi-Family Active

Price

$ 1,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 23,947

Style

Lot Size

0.1722

Year Built

1962

Town/City

Oakland

County/Region

Alameda

MLS | Web ID

41113160

Days on Market

75

Features
General
Heating Wall Furnace
Cooling None
Appliances Gas Water Heater
HOA Fee 0
Construction Materials Stucco
Year Built 1962
Tenant Pays Gas
County Alameda
Net Operating Income 89853
Property Type Residential Income
Subdivision Name CLINTON
Status Active
Directions GPS Cross Street: E 23rd St.
City Oakland
Number Of Units Total 7
Lot Size Units Square Feet
Lot Size Square Feet 7500
Tax Annual Amount 23947
Standard Status Active
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Lot Features Corner Lot
Total Parking 7
Lot Size Area 7500
Lot Size Acres 0.1722
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* Excluded Features
List By
Bcre

Broker

info@iliveinthebayarea.com

Email

Affordability Calculator

$10,418
Per Month
81%
19%
0%
Monthly Principal & Interest
$8,422
Monthly Property Taxes
$1,996
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/1/2025$1,350,000 -3.57% Price Down
11/20/2025$1,400,000 Listed Price

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2244 12th Ave, Oakland, CA, 94606 is a Multi-Family Home for sale at $1,350,000 with a lot size of 0.1722. 2244 12th Ave is a studio with 0.0 baths and was built in 1962. The property's zip code is 94606 which is in Oakland, CA