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Listed by: Willem Bos (916) 698-9954 DRE #02013980 | COMPASS (415) 660-9955
$2,575,000
-- Bed
- -- Bath
--sqft
1142 Mckinley Ave, Oakland, CA 94610
$2,575,000
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Apartment
Built in 1929
$-- HOA
4,570 sqft lot
--/sqft
Description
1142 McKinley Avenue, a well-maintained 13-unit multifamily investment opportunity located in Oakland's highly desirable Cleveland Heights neighborhood. This classic 1929 Mediterranean-style building offers an attractive unit mix of twelve one-bedroom/one-bath apartments and two studio apartments, providing a diverse tenant base in one of Oakland's strongest rental markets. The property generates strong in-place income while still offering approximately 11.6% rental upside through natural turnover, creating an excellent opportunity for both immediate cash flow and long-term value appreciation. Current financials reflect an attractive 7.04% CAP rate and 8.13 GRM at the ask...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1929
HOA Fees
-
Finished Area
- sqft
Lot Size
4,570 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
41142132
MLS Status
Active
Days on Market
37
Cumulative Days on Market
7
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