2151 E 24th St

2151 E 24th St,
Oakland, CA 94606

 

$795,000
Price
8.97
GRM
$159,000
Price Per Unit
5
Number of Units
6.84%
Cap Rate
3,452
Building SF ±
$795,000
Price
8.97
GRM
$159,000
Price Per Unit
5
Number of Units
6.84%
Cap Rate
3,452
Building SF ±

Charming Victorian 5-Unit Investment in Heart of Oakland

  • 2151 E 24th Street is a well-maintained Victorian-style 5-unit building in Oakland's desirable Highland Terrace neighborhood.
  • The property features (4) Two Bed/One Bath units and (1) One Bed/One Bath with desirable floor plans that attract and maintain long-term, reliable tenants.
  • Built in 1940, the ±3,452 sq. ft. building features classic wood construction and siding on a concrete perimeter foundation and a pitched composition shingle roof.
  • The ±7,000 sq. ft. parcel features ample parking with 5 assigned spaces to the rear of the property plus 2 tandem parking spaces on the right side of the building and the minimal landscaping makes for easy maintenance.
  • 2151 E 24th Street presents a strong value-add opportunity with substantial income upside in a high-demand rental market. Each unit has a private entrance and the property has shared laundry facilities for added convenience and income.

  • 2151 E 24th Street is ideally situated in the vibrant Highland Terrace neighborhood of Oakland, a community known for its central location and accessibility.
  • The property is within close proximity to several schools, including Garfield Elementary, Roosevelt Middle School, and Oakland High School, making it attractive to families.
  • Residents enjoy easy access to public transportation, including nearby AC Transit bus lines and BART stations (Fruitvale and Lake Merritt), as well as quick connectivity to Highways 580 and 880 for smooth commuting throughout the Bay Area.
  • Nearby green spaces such as San Antonio Park and Peralta Park offer recreational outlets, playgrounds, and open areas for relaxation. In addition, the neighborhood is just minutes from shops, local eateries, and daily conveniences.
  • All these factors (access, schools, shops, parks, etc.) contribute to continually attracting tenants and make the property a smart, long-term investment.
FOR MORE DETAILS CONTACT
David Weglarz
Senior Partner
(510) 398-1027
david.weglarz@theprescottcompany.com
01785615
Nolan Jones
Broker Associate
(510) 867-4806
nolan@theprescottcompany.com
01509417