List Price: $1.23M

Listing Status: Active

Original List Price: $1.24M

Days on Market: 194

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1905

Lot Size: 3,500 sq ft

MLS Number: 41113788

About This Property

Strong Cash Flow! Over 7% CAP, Over $10,000 Monthly Rental Income! A fully stabilized asset rare 5-unit investment property in Oakland’s Highland Terrace, offering both strong cash flow and future upside. This charming 5-unit building features a blend of updated interiors and exterior details, with several units recently renovated to maximize tenant appeal and rental value. The current tenants are clean, reliable, and financially stable—making management easier and more worry-free for the new owner. In addition, the property includes a basement with an approved permit before to be converted into a legal 3-bedroom/1-bath unit, which could generate at least an additional $2,800+ in monthly rental income. Just minutes from Fruitvale BART, Highland Hospital, and Lake Merritt, with strong rental demand in the area, this property combines urban convenience with neighborhood charm—ideal for seasoned investors seeking steady cash flow as well as owner-occupants looking for flexible income potential.

Property Photos