Cap Rate - 5.26% (Current) GRM - 10.18 (Current) Cap Rate - 7.18% (Proforma) GRM - 8.48 (Proforma) Davide F. Pio proudly presents 2244 12th Ave in Oakland, CA for sale. The multifamily asset 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 (pending city confirmation). 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.