Highlights

• Fully renovated five-unit apartment community in Oakland’s Clinton neighborhood.
• Rare opportunity to purchase a fully occupied turn-key asset with near-market rents.
• Unit mix consists of one large 3-bedroom, 2-bathroom unit totaling 1,100 square feet; one 2-bedroom, 2-bathroom unit; and three 2-bedroom, 1-bathroom units.
• Each unit contains a private balcony, modern gourmet kitchen, new bathrooms, huge closets, vinyl wood flooring, and recessed LED lighting.
• Conveniently located in Clinton adjacent to Lake Merritt, less than two blocks to city bus lines, walking distance to the Lake Merritt BART station, and easy access to both I-580 and I-880.
• Short distance to Lakeshore Avenue offering endless restaurant and retail choices.

Property description

The Mitchell Warren Team is pleased to present 1140 E 22nd Street, a fully-renovated 5-unit property located in Oakland’s Clinton neighborhood. The property consists of one (1) large 3-bedroom 2-bathroom unit totaling 1,100 square feet, one (1) 2-bedroom 2-bathroom unit, and three (3) 2-bedroom 1-bathroom units. Each unit has its own private balcony, modern gourmet kitchen with premium appliances, new bathrooms, huge closets, vinyl wood flooring, recessed LED lighting, and brand new modern design laminate glass entry door. Each unit is also individually metered for gas, electricity, and water, limiting the operating expenses. This is an excellent opportunity to acquire a fully occupied turn-key stabilized asset.

Location description 

1140 E 22nd St is located in the charming Clinton Neighborhood of Oakland just blocks from Lake Merritt. Situated south of Grand Avenue, the location allows tenants the convenience of Trader Joe’s, Starbucks Coffee, and various cafes and shops, all within walking distance. Tenants may also indulge in the best of Oakland’s restaurants and nightlife, including the charming Grand Lake Theatre just a short distance from the property. Commuters will appreciate the proximity of city bus lines and the Lake Merritt BART Station, allowing access to the entire Bay Area. This location will continue to demand premium tenants and maintain a low vacancy rate.