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2248 22Nd St

Highland Terrace · Oakland

2248 22Nd St

Style

Single Family Residence

Zoning

RM-2

Year built

1898

Existing

3 bd · 2 ba

Interior

1,818 sf

Lot size

3,534 sf

$599,000

For Sale

Development Scenarios

Here's how you can use existing housing laws to add more housing units to this property. For illustrative purposes only, as actual site conditions should be verified in person.

ADU

Add 1 potential unit to the backyard
$252K-$287K estimated cost
$341K-$430K future value add

Single-Family or Multi-Family Homes on Separate Lots

Add 1 potential unit
$270K-$379K estimated cost
$344K-$634K future value add
Loading infill model...

Density level

Density controls will appear after the model finishes loading.

Generating the lot configuration for this scenario and density...

Financials

These estimates model the potential development economics for this scenario using local construction costs and comparable sale prices. They're provided for illustrative purposes only and aren't financial advice.

Selected ScenarioADU
Estimated Project Cost
$869,468
ADU scenario · 1 new unit · 400 new sf
Build Cost / SF
$
ADU build cost$252,498
29% of project cost
Property acquisition$616,970
71% of project cost
Estimated Project Value (2 Year)
$940,210
$907,651 1-year project value ·
8.1% total ROI
$70,742 potential ROI
Added scenario value$341,210
36% of completed value
Current property value$599,000
64% of completed value
Acquisition71%
Soft Costs7%
Hard Costs22%
Value Projections
Today list price$599,000
24-month added value$341,210
24-month project value$940,210
Potential ROI$70,742
Assumptions
Current sale / sf$329
Average sale / sf$698
Annual growth10.5%
Comp bedrooms3
Comp radius5 miles
Price / sf sourceAverage sold comps
Added sqft400 sf
Cost Breakdown

Unit Economics
Original Property
Acquisition only
Build New Homes
Soft + hard costs
All-In
Total project
# of original homes
N/A
# of new homes
1
Total homes
1
Per Home
N/A
Per Home
$252K
Per Home
$869K
# of original sq ft
1,818
# of new sq ft
400
Total sq ft
2,218
Per Sq Ft
N/A
Per Sq Ft
$631
Per Sq Ft
$392
Total
$617K
Total
$252K
Total
$869K
Financing Estimate
Construction Loan

Estimate construction proceeds, cash required, and interest-only payments.

Construction Estimate
Loan Proceeds
Construction basis
Soft + hard costs
$252K
Loan proceeds
65% loan-to-cost
$164K
Cash required
Unfinanced development cost
$88K
Monthly payment
Interest-only estimate
$2K

Timeline

Typical project phasing based on the selected scenario, density, and generated development scope.

Estimated Total Duration

11 months

ADU

Design

Concept design, site planning, and early coordination.

1 month

Month 1

Permitting

Planning review, entitlement approvals, and building permits.

3 months

Month 2 - Month 4

Site Work

Utility coordination, grading, and site preparation.

2 months

Month 5 - Month 6

Construction

Vertical construction through final inspection.

5 months

Month 7 - Month 11

Property Overview

MLS: bridgeMLS

Property information from bridgeMLS

Listed by Angel Lax · CENTURY 21 Masters

bridgeMLS © 2026. Information Deemed Reliable but not Guaranteed. This information is being provided by bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at June 22, 2026 at 10:16 PM PDT.

Location

Data from Type Five
Jurisdiction
Oakland
Zoning
RM-2
Overlay Districts
None
Climate Zone
Zone 3
Transit Access (1/2 mi)
Yes (23rd Av & E 22nd St)

Natural Hazards

Data from Type Five
Flood Zone
X
Liquefaction Risk
No
Landslide Risk
No
Fault Zone
No

Fire Risk

Data from Type Five
Fire Hazard Zone
NOT IN VHFHZ
Fire Responsibility
LRA
Wildfire Protection Req.
No
2248 22Nd St, Oakland Infill Potential — Infillworks