Value-Add Fourplex | Highland Terrace | Income + Upside | 7.73% estimated in-place cap rate. 2120 E 22nd St presents a compelling four-unit opportunity for investors or owner-occupants seeking immediate income with clear upside. Located in Oakland’s Highland Terrace neighborhood, the property benefits from strong rental demand and proximity to transit, neighborhood services, and key commuter routes. The property includes four (4) 2bed/1bath units with off-street parking and coin-op laundry. This is a practical acquisition for buyers who want near-term growth through rent optimization rather than waiting years for natural turnover. PSL compliant.
Listed by Thomas Garabedian Cone
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License #02034258
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Red Oak Realty
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Tommy@tommygarabedian.com
Listed by Sara Garabedian
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License #00931842
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Red Oak Realty
Last updated January 27, 2026
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Source: bridgeMLS #41122222
Listing Facts
TypeMulti-family
NeighborhoodHighland Terrace
Bedrooms8
Days on Prevu2
Size2,860 sqft
Price per sqft$288
Amenities
Parking
Location
Mortgage Calculator
Listing History
01/27/2026
Listed by Red Oak Realty
$825,000
Property Details for 2120 E 22Nd St
Exterior
Construction
Number Of Units Total: 4
Year Built: 1962
Construction Materials: Stucco
Exterior Features: Back Yard
Features
Fencing: Fenced
Measurements
Building Area Total: 2,860
Lot Features: Level
Lot Size Acres: 0.12
Lot Size Area: 0
Lot Size Square Feet: 5,250
Lot Size Units: Acres
Financial
Taxes
Parcel Number: 22296123
Interior
Features
Appliances: Gas Water Heater
Flooring: Laminate, Tile, Carpet
Measurements
Living Area: 2,860
Living Area Units: Square Feet
Rooms
Bedrooms Total: 8
Other
Location
Subdivision Name: HIGHLAND TERRACE
Parking
Parking
Parking Features: Space Per Unit - 2, Tandem
Schools
High School
High School District: Oakland (510) 879-8111
Utilities
Equipment
Cooling: No Air Conditioning
Heating: Natural Gas, Wall Furnace
Has Heating: Yes
Utilities: Individual Gas Meter, Master Electric Meter
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 8 bedrooms in this multi-family home at 2120 E 22Nd St.
How does 2120 E 22Nd St compare to other multi-family homes in Highland Terrace?
This multi-family home is listed 38% below the average price for multi-family homes in Highland Terrace and has been on the market for 92 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 2,860 sqft.
2120 E 22Nd St is a 8-bedroom multi-family home for sale in Oakland CA 94606. On Prevu for 2 days at $825,000. This residence features 2,860 square feet of living space, located in Highland Terrace. The median listing price for multi-family homes in this area is $569,888. The home offers parking. View other multi-family home listings in Oakland.
Based on information from bridgeMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.