1448 E 23rd Ave, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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1448 E 23rd Ave
Oakland, California 94606
ACTIVE
CONDITION: POOR
0Beds
0Baths
7,078Sq Ft
5,000Lot Size
Property Price
LIST PRICE$2,000,000
SUMMARY
Big Mix-use building to fit your needs. Downstairs do business, live upstairs! Owner occupy 3bed a bath and 1st floor 2 big commercial spaces. Tenants occupy: 201 $500. #202 $365.59. #203 $500. #204 Vacant. #205 $500. #301 $450. #302 $450. #303 $385.14. #304 $450. #305 $450. #306 for 1 bed 1bath vacant. Good tenants pay total rent $3750.73 per month for the rented units.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1917, this century-old mixed-use property shows significant signs of age and deferred maintenance on the exterior. There is no mention of recent renovations to the kitchens, bathrooms, or major systems (HVAC/Electric), and the exceptionally low tenant rents strongly suggest the interior units are outdated and require substantial rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Crocker Highlands Elementary School (9/10).
- Mixed-Use Versatility
The property features a flexible layout with two large ground-floor commercial spaces and multiple residential units above, offering diverse income streams and an ideal setup for owner-users.
- Flexible Financing Options
The availability of seller financing or an owner-carry loan provides a significant advantage for investors seeking to bypass traditional lending hurdles or high interest rates.
CONSRISKS & DEFICIENCIES
- Low Current Rental Yield
With a total monthly rent of approximately $3,750 against a $2 million asking price, the current gross cap rate is exceptionally low, requiring a significant increase in occupancy or market rents to justify the investment.
- Aging Infrastructure
Constructed in 1917, this century-old building likely requires substantial capital expenditure for modernization, seismic upgrades, and ongoing maintenance to meet current building codes.
About 1448 E 23rd Ave
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1917
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oakland Unified Schools
Garfield Elementary School
Grades K-5 • 0.2 mi
3/10
International Community School
Grades K-5 • 0.4 mi
3/10
Think College Now School
Grades K-5 • 0.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 7,078 | 2,403.227 |
| Lot Size | 5,000 | 4,461.364 |
| Price | $2.00M | $900.8K |
| Price per sq ft | $283 | $343 |
| Built year | 1917 | 1919 |
| HOA | $0 | $0 |
| Days on market | 33 | 67 |
Pricing History
Listed for Sale
Sep 21, 2026
$2,000,000
Initial Listing
Sold
Oct 5, 1999
$230,000
Public Record