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Cap Rate - 6.49% (Current) | GRM - 8.78 (Current) | Cap Rate - 8.54% | (Proforma) | GRM - 7.28 (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.
Property Type(s):
Residential Income
| Last Updated | 9/30/2025 | Tract | CLINTON |
|---|---|---|---|
| Year Built | 1962 | County | Alameda |
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 7501 sq ft |
| LOT DESCRIPTION | Corner Lot |
| SUBDIVISION | CLINTON |
| TAXES | 23888 |
Location
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Listed with BCRE
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