40
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$1,029,000
Est. payment /mo
3,245 Sqft Lot
New
2622 Kingsland Ave Oakland, CA 94619
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Key Details
Property Type Single Family Home, 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
Listed by Michael Hyles Re/Max 1st Choice