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About the Listing BMLS-OBBKWR - BMLS-R01890931,BMLS-206542063
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.
Listing Highlights for 1944 E 24th St
Status
Pending
Days on Site
30
Property Type
Multi-Family
MLS ®
41112729
Year Built
1945
Total Square Footage
0
Lot/Acreage
0.17
County
Alameda
Neighborhood
Alameda County
Interior Details
- Bedrooms: 10
- Bathrooms: 4 Full
- Appliances: Gas Water Heater
- Air Cond: See Remarks
- Heating: Floor Furnace,Natural Gas
- Fireplaces:
- Floor: Laminate,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Level with Street,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 7
- Roof: Tar/Gravel
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2232812
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
1944 E 24th St Oakland, CA 94606
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