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2244 12th Ave

Updated Oct 20, 2026

Alcatraz475 LP Sells Oakland Property At 2244 12th Ave For $1.63M With Davide F. Pio
SOLDMultiFamily

Alcatraz475 LP Sells Oakland Property At 2244 12th Ave For $1.63M With Davide F. Pio

2244 12th Ave

$1,630,000

$296/SF

Building Size

5,495 SF

Asset Type

MultiFamily

Closing

Oct 25, 2021

About this deal

AI

The property asset involved in the transaction is located at 2244 12th Ave in Oakland. The sale occurred on 10/25/2021 and was finalized for a price of $1,630,000. The total square footage of the property is 5,495 square feet.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $1,630,000.00
  • Address: 2244 12th Ave
  • Market: Oakland
  • Seller: Alcatraz475 LP
  • Broker: Davide F. Pio, CCIM
  • Square Footage: 5,495.0

The key individuals involved in this transaction include Davide F. Pio, CCIM, who represented the seller, Alcatraz475 LP, in this sale. The transaction highlights the roles of both the seller and the broker in successfully completing the sale of this property.

On the Map

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$1,630,000

$296/SF

MultiFamily

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Players

Davide F. Pio, CCIM

Broker

$2.6M

vol

1 deal

Broker

3320 Tents LLC

Buyer
Buyer
AL
Alcatraz475 LPSeller
Bilt advertisement

Oakland MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $296 per square foot on a published $1.6M for 5,495 square feet (2021).

Visit Davide F. Pio, CCIM to view all their deals.

Browse Oakland multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.73%

Cash-on-Cash

-2.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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