2120 E 22nd St, Oakland, California 94606, Oakland, 94606 - 0 bed, 0 bath
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2120 E 22nd St
Oakland, California 94606
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,860Sq Ft
5,250Lot Size
Property Price
LIST PRICE$849,000
EST. MARKET VALUE
$963,693
11% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Quadruplex listed at $849,000—positioned well below the $963,693 Fair Market Value by 11%. This valuation gap offers $114,693 in Instant Equity for the savvy buyer. Featuring a Condition Rating of 3, the property boasts Renovated Kitchens and Luxury Vinyl Plank Flooring across all four units. With a stable unit mix and secure parking, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey rental-ready property in Oakland.
Estimated Market Value
$963,693+$114,693 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Oakland.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2120 E 22nd St Subject 0 bd · 0 ba · 2,860 sqft · $337 | $849,000* List Price | 0 | 0 | 2,860 | $337 | - |
A 2506 Highland Ave Sold 0 bd · 0 ba · 2,265 sqft · $380 · 0.2 mi | $860,000 | 0 | 0 | 2,265 | $380 | 0.2 mi |
B 1723 21st Ave Active 0 bd · 0 ba · 2,870 sqft · $292 · 0.3 mi | $839,000 List Price | 0 | 0 | 2,870 | $292 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although the building was constructed in 1962, all four units have undergone significant interior renovations including modern quartz countertops, subway tile backsplashes, and luxury vinyl plank flooring. The interiors appear move-in ready and well-maintained, though the exterior and parking areas reflect the property's original age.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Crocker Highlands Elementary School (9/10).
- Modernized Interiors
Each of the four units features renovated kitchens with quartz countertops, stained cabinetry, and luxury vinyl plank flooring, significantly reducing immediate capital expenditure for a new owner.
- Secure On-Site Parking
The property provides dedicated rear surface parking for four vehicles along with security-gated front and rear entries, offering a high level of convenience and safety for tenants in an urban setting.
CONSRISKS & DEFICIENCIES
- Tenant-Occupied Constraints
The property is fully tenant-occupied, which may limit immediate rent increases to market rates and requires navigation of Oakland's specific rent control and tenant protection ordinances.
- Inconsistent School Ratings
While the property is near some high-performing schools, several immediate neighborhood schools have low ratings, which could impact long-term appreciation and appeal to families.
About 2120 E 22nd St
Welcome to 2120 E 22nd Ave, a tenant-occupied four-unit investment property in Oakland’s Highland Terrace neighborhood. The two-story building includes four 2-bedroom, 1-bath units totaling approximately 2,860 square feet. Each unit has a renovated kitchen with quartz countertops, stained hardwood cabinetry, subway tile backsplash, and luxury vinyl plank flooring. The property offers security-gated front and rear entry, a private side yard, and rear surface parking for four vehicles.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1962
- Lot Size
- 5,250 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 • 0.3 mi
3/10
Manzanita Seed
Grades K-5 • 0.5 mi
3/10
Bella Vista Elementary School
Grades K-5 • 0.7 mi
4/10
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 | 2,860 | 2,403.227 |
| Lot Size | 5,250 | 4,461.364 |
| Price | $849.0K | $900.8K |
| Price per sq ft | $297 | $343 |
| Built year | 1962 | 1919 |
| HOA | $0 | $0 |
| Days on market | 25 | 67 |
Pricing History
Listed for Sale
Sep 29, 2026
$849,000
Initial Listing
Sold
Feb 28, 2019
$1,100,000
Public Record
Sold
Sep 22, 2017
$805,000
Public Record
Sold
Jan 7, 2011
$300,000
Public Record