2622 Kingsland Ave, Oakland, CA 94619

0 beds 0 baths 3,246 sq.ft.

Offerered at: $1,029,000.00

Project/Tract: MAXWELL PARK
County: Alameda
Year Built: 1923
Association Fees: $0.00/mo.

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.

ESSENTIAL INFO

  • Status: Active