27
See all 27 photos
$1,150,000
Est. payment /mo
9 BD
4 BA
4,595 SqFt
Active
3186 Mckillop Rd Oakland, CA 94602
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UPDATED:
01/28/2025 10:09 AM
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,595 sqft
Price per Sqft $250
MLS Listing ID MR41083062
Bedrooms 9
Originating Board Bridge MLS
Year Built 1965
Lot Size 7,300 Sqft
Property Sub-Type Five or More Units
Property Description
www.3186McKillop.com;5-unit apartment complex in a great neighborhood up the Oakland Hills with strong current income and excellent rental upside. The current cap rate is 6.73% and the current GRM is 10.5. The property offers one very large two-story 3bd/2bth unit and four spacious 2bd/1bth units including one unit that will be delivered vacant at closing. The property was originally built in 1965, offers approximately 4,595 square feet of rental space, and sits on a 7,300 square foot lot with a large garage and off-street parking. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The current owner self-manages the property and has remodeled many of the units with newer kitchens, bathrooms, wood flooring, newer carpet, custom lighting, fixtures, and more. The roof was redone several years ago and the electrical and plumbing have been upgraded over time. This is a perfect opportunity for an investor to acquire a turn-key property with excellent upside around the corner from the popular Redwood Day K-8 School. The neighborhood is quiet and comprises nice single-family homes with pride of ownership.
Location
State CA
County Alameda
Area Other Area
Interior
Cooling Other
Flooring Other
Exterior
Exterior Feature Other
Parking Features Other
Garage Spaces 5.0
Roof Type Other
Building
Lot Description Other
Water Other
Others
Tax ID 26-810-46
Special Listing Condition Not Applicable
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Listed by David Howarth • The Pinza Group, Inc