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Listed by Michael Hyles • Re/Max 1st Choice
$ 1,029,000
Est. payment /mo
New
2622 Kingsland Ave Oakland, CA 94619
6 Beds
6 Baths
3,300 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $311
MLS Listing ID BE41107165
Bedrooms 6
Year Built 1923
Lot Size 3,246 Sqft
Property Sub-Type Fourplex
Source Bay East
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
Area Oakland Zip Code 94619
Zoning Comm
Interior
Heating Forced Air, Gas
Cooling Ceiling Fan
Flooring Laminate
Laundry Laundry Area - In Unit, Washer, Washer/Dryer - Owned, Dryer
Exterior
Exterior Feature Stucco
Garage Spaces 4.0
Building
Sewer Sewer - Public
Water Heater - Gas
Others
Tax ID 36-2479-5
Special Listing Condition New, Not Applicable
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