2622 Kingsland Ave new Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94619
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Maxwell Park
MLS Listing ID 41107165
HOA Y/N No
Year Built 1923
Lot Size 3,245 Sqft
Property Sub-Type Quadruplex
Property Description
MAJOR PRICE REDUCTION: $1,029,000 (WAS $1,165,000)! Updated, income-producing 4-plex in Oakland's desirable Maxwell Park! Property includes two 2BD/1BA flats upstairs and two 1BD/1BA units downstairs. Current monthly income is $6,785 ($81,420 annually) with an estimated 6.26% cap rate based on actual seller expenses. All units have updated kitchens, dual-pane windows, laminate flooring, and off-street parking. Two units include in-unit laundry. Major system upgrades: newer roof, updated plumbing and electrical. Tenants pay PG&E; owner pays water and garbage. Strong cash flow and low-maintenance setup make this ideal for investors or owner-occupants. Prime location near Mills College and MacArthur Blvd with easy access to 580 & 880. Please do not disturb tenants.
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