40
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$1,165,000
Est. payment /mo
3,245 Sqft Lot
Active
2622 Kingsland Ave Oakland, CA 94619
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Maxwell Park
MLS Listing ID 41098034
HOA Y/N No
Year Built 1923
Lot Size 3,245 Sqft
Property Sub-Type Quadruplex
Property Description
Updated, income-producing 4-plex in Oakland's desirable Maxwell Park neighborhood! This well-maintained property features two 2-bed/1-bath flats upstairs and two 1-bed/1-bath units downstairs. Current monthly income is $6,785 (annualized at $81,420) with a verified 5.02% cap rate based on seller's actual expenses. Each unit includes updated kitchens, dual-pane windows, laminate flooring, and off-street parking. Some units have in-unit laundry. Major system upgrades include electrical, plumbing, and roof. Tenants pay PG&E; owner pays water and garbage. Great location near Mills College and MacArthur Blvd corridor with easy access to 580 and 880. This is a turn-key opportunity for investors or potential owner-occupants looking for strong cash flow and low-maintenance property. Shown by appointment only—please do not disturb tenants. Showings upon accepted offer. Buyer to approve condition within 72 hours. See 3D floor plan
Location
State CA
County Alameda
Zoning Comm
Interior
Heating Forced Air, Natural Gas
Flooring Laminate
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Total Parking Spaces 4
Building
Lot Description Back Yard, Sprinklers In Rear
Sewer Public Sewer
Others
Tax ID 3624795
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Listed by Michael Hyles Re/Max 1st Choice