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
Square Footage 3,300 sqft
Price per Sqft $311
Subdivision Maxwell Park
MLS Listing ID 41107165
HOA Y/N No
Year Built 1923
Lot Size 3,246 Sqft
Property Sub-Type Quadruplex
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
Interior
Heating Forced Air,Natural Gas
Cooling Ceiling Fan(s)
Flooring Laminate
Fireplace No
Appliance Dishwasher,Disposal,Dryer,Washer,Gas Water Heater
Laundry Dryer,In Unit,Laundry Equip - Owned,Washer,Inside
Building
Lot Description Back Yard,Garden,Landscaped,Sprinklers In Rear