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Jeffrey Walker

jeffrey@walkerpropertygroupca.com +1(949) 903-3731

$ 2,495,000

Est. payment | -/mo

4,569 Sqft Lot

Save

$ 2,495,000

Est. payment | -/mo

Save

4,569 Sqft Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Ivy Hill

MLS Listing ID 41142132

HOA Y/N No

Year Built 1929

Lot Size 4,569 Sqft

Property Sub-Type Apartment

Property 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 16% rental upside through natural turnover, creating an excellent opportunity for both immediate cash flow and long-term value appreciation. Current financials reflect an attractive 7.35% CAP rate and 7.86 GRM at the asking price. Ideally situated just blocks from Lake Merritt, Grand Lake, Lakeshore Avenue, shopping, restaurants, cafes, and public transportation, the property offers residents exceptional walkability and convenient access to Downtown Oakland, Interstate 580, Interstate 880, and Lake Merritt BART. The location continues to attract strong tenant demand due to its proximity to employment centers, recreation, and neighborhood amenities. With over 10,400 square feet of building area on a 4,570-square-foot lot, this asset presents an excellent opportunity for investors seeking stable income with future upside in one of Oakland's most desirable neighborhoods. Whether you're looking to add a high-quality East Bay apartment building to your portfolio or complete a 1031 exchange, 1142 McKinley Avenue offers an outstanding combination of location, cash flow, and long-term appreciation potential. Buyer to verify all information independently.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 9

Others

Tax ID 2340315

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Willem Bos COMPASS #02013980

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 903-3731

jeffrey@walkerpropertygroupca.com

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1142 McKinley Ave Oakland, CA 94610