CA > Oakland > Alameda County
Oakland, CA 94606,1944 E 24Th St
Oakland, CA 94606,1944 E 24Th St
Oakland, CA 94606,1944 E 24Th St
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$900,000
Est. payment /mo
7,348 Sqft Lot
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Sat Oct 11, 11:00am - 1:00pm

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Alameda County

MLS Listing ID 41112729

HOA Y/N No

Year Built 1945

Lot Size 7,348 Sqft

Property Sub-Type Quadruplex

Property Description

High-income property with built-in upside in Oakland's Highland Terrace, 1944 E 24th St features four legal units—three 2BD/1BA and one 4BD/1BA—plus a bonus 2BD/1BA unit with its own private entrance. One 2BD unit will be delivered vacant and move-in ready—perfect for an owner-occupant or setting market rents. Two Section 8 tenants are currently paying below market, creating a clear path to raise rents by $2,300+/month. With projected gross income of $10,500/month, the property offers a strong 9.1% CAP rate. Set across two two-story buildings totaling 3,480 sq ft on a large lot with 7 off-street parking spaces. Located near Lake Merritt, Downtown Oakland, and major freeways, this is an ideal fit for investors, owner-occupants, or multigenerational buyers seeking income, space, and long-term flexibility.

Location

State CA

County Alameda

Interior

Heating Floor Furnace, Natural Gas

Cooling See Remarks

Flooring Laminate, Tile

Fireplace No

Appliance Gas Water Heater, Dryer

Exterior

Roof Type Tar/Gravel

Total Parking Spaces 7

Building

Lot Description Street Level

Sewer Public Sewer

Others

Tax ID 2232812

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CRMLS – RECore
Listed by Joey Wang Keller Williams Realty
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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