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650-436-3611
RP Estates Inc.
1944 E 24th St, Oakland, CA 94606
- $955,000
- 3,480
- SqFt
- Sold Price
- $955,000
- List Price
- $900,000
- Status
- CLOSED
- MLS#
- 41112729
- Closing Date
- Nov 12, 2025
- Year Built
- 1945
- Property Type
- Quadruplex
- Living Area
- 3,480
- Lot Size
- 7,350
- Acres
- 0.17
- County
- Alameda
- Subdivision
- Alameda County
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.
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Additional Information
- Appliances
- Dryer, Gas Water Heater
- Exterior
- Asphalt
- Flooring
- Laminate, Tile
- Laundry Features
- Dryer, Washer/Dryer Hookups
- Lot Description
- Level
- Parking Features
- Uncovered Parking Space
- Roof
- Tar/Gravel, Shingle
- Water Sewer
- Mutual Water
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Listing courtesy of Joey Wang from Keller Williams Realty. 510-592-4244
Selling Office: CENTURY 21 Masters.
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