206 23rd Street

Oakland, CA 94612

$1,625,000
Last Sold Price
Beds
6,766 Sq. Ft.
$240 / Sq. Ft.
6,766
Sq. Ft.
$240
per Sq. Ft.

Description

The property is a well-maintained 9-unit apartment building located in Downtown Oakland, just steps from Lake Merritt. The property consists of eight (8) 1 bedroom 1 bathroom units and one (1) studio unit with two off-street parking spots and one garage space. Two units will be delivered vacant upon close of escrow. The property boasts beautiful 1900s architecture, hardwood floors, and period-appropriate details. The property offers over $70,000 of annual rental upside allowing a new owner to maximize...The property is a well-maintained 9-unit apartment building located in Downtown Oakland, just steps from Lake Merritt. The property consists of eight (8) 1 bedroom 1 bathroom units and one (1) studio unit with two off-street parking spots and one garage space. Two units will be delivered vacant upon close of escrow. The property boasts beautiful 1900s architecture, hardwood floors, and period-appropriate details. The property offers over $70,000 of annual rental upside allowing a new owner to maximize their return over time. This highly sought-after location will continue to attract premium tenants and maintain a low vacancy rate. 206 23rd Street is located in Downtown Oakland steps from Lake Merritt. This property is less than a mile from the 19th Street BART station with easy access to interstates 580 and 880 for seamless connection to the entire San Francisco Bay Area. Residents enjoy endless amenities in Uptown, Downtown, and Lake Merritt, including Whole Foods, just a 5-minute walk away. The properties are walkable to both Kaiser Permanente (Oakland's Largest Employer) and Sutter Health Alta Bates Medical Center (Oakland's Second Largest Employer), earning a near-perfect Walk Score of 97!
  1. Listed by Timothy Warren • DRE #02008347 • NAI Northern California

Property Details for 206 23rd Street

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Undersized, Assigned Spaces
Total # Parking Spaces
3

Location

Listing Courtesy of NAI Northern California, Timothy Warren, DRE #02008347

Sold By NAI Northern California, Timothy Warren, DRE #02008347

Add your commute
LISTING UPDATED: 06/05/2023 01:11 PM

Property Details for 206 23rd Street

StatusSold
MLS #41022241
Days on Compass73
Taxes$23,383 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1915
Lot Size0.10 AC / 4,200 SF
CountyAlameda County

Location

Listing Courtesy of NAI Northern California, Timothy Warren, DRE #02008347

Sold By NAI Northern California, Timothy Warren, DRE #02008347

Add your commute

Building Information for 206 23rd Street

Stories-Residences9Year Built1915Building Size-Lot Size0.10 AC / 4,200 SF

Payment Calculator

$10,817 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,868

Property Taxes

$1,949

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 206 23rd Street

Features
Feature Details
  • Flooring: Hardwood Floors
Room Details
  • Additional Rooms: Basement - Partial
Utility Details
  • Cooling: None
  • Heating: Gas
  • Water/Sewer: See Remarks
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: Siding - Stucco
  • Lot Description: Corner
  • Lot Sq Ft Apx: 4200
  • Lot Size Square Feet: 4200.0
  • Roof: Rolled Composition
  • Sq Ft Apx: 6766
  • Year Built: 1915
Location Details
  • Directions to Property: North on Harrison from Downtown
  • FIPS Code: 06001
  • Census Tract: n/a
  • Parcel Number: 8-670-9
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 9
  • Basement: Partial
  • Tenant Pays: None
  • Financial Data Source: Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • On Site Parking Description: Spaces - Assigned, Undersized Garage
  • Tot Ann Oper Exp: 31504.0
  • Total Deposits: 10000
Income / Expense Details
  • Annual Exp Year: 72028
  • Annual Gross Sched Income: $160,620
  • Annual Insurance Expense: $8,252
  • Annual License Expense: $1,500
  • Annual Maint Expense: $4,500
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $300
  • Annual Taxes: $23,383
  • Annual Util Expense: $22,795
  • Annual Vacancy: 4818.0
  • Gross Income: $155,801
  • Gross Operating Actual Income: $155,801
  • Gross Rent Multiplier: 10.57
  • Net Operating Income: $83,773
  • Other Annual Expense: $8,889
Other Financial Information
  • Apprx Equity: 1000000.0
  • Cap Rate: 4.93
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 206 23rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 206 23rd Street

Taxable ValueLand$220,976Additions$82,292Total$303,268
Tax Record2023$14,116 ($1,176 / month)
Home Facts
Total Finished SqFt6,766 SqFtAbove Grade Finished SqFt6,766 SqFtStories2Lot Size4,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1915CountyALAMEDAAPN8-670-9

Schools near 206 23rd Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Street Academy (Alternative)
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NAI Northern California, Timothy Warren, DRE #02008347

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.