About 2244 12th Ave
Cap Rate - 6.42% (Current) | GRM - 8.83 (Current) | Cap Rate - 8.47% | (Proforma) | GRM - 7.32 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.
Features of 2244 12th Ave
| MLS® # | 41113160 |
|---|---|
| Price | $1,400,000 |
| Square Footage | 5,495 |
| Acres | 0.17 |
| Year Built | 1962 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | 5 or More Units |
| Status | Active |
Community Information
| Address | 2244 12th Ave |
|---|---|
| Subdivision | CLINTON |
| City | Oakland |
| County | Alameda |
| State | CA |
| Zip Code | 94606 |
Amenities
| Utilities | Individual Electric Meter, Individual Gas Meter |
|---|---|
| Parking | Attached, Enclosed, Garage, Off Site, Other, On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Gas Water Heater |
|---|---|
| Heating | Wall Furnace |
| Cooling | None |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Construction | Stucco |
Additional Information
| Date Listed | September 29th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Davide Pio |
|---|---|
| Office | BCRE |