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.
Property Details
Price:
$1,150,000
MLS #:
41083062
Status:
Active
Baths:
0
Address:
3186 Mckillop Rd
Type:
Residential Income
City:
Oakland
Listed Date:
Jan 21, 2025
State:
CA
ZIP:
94602
Lot Size:
7,300 sqft / 0.17 acres (approx)
Year Built:
1965
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Interior
Cooling
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Exterior
Parking Spots
5.00
Water Source
Other
Financial
Association Fee
0.00
Map
Community
- Address3186 Mckillop Rd Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94602
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3186 Mckillop Rd
Oakland, CA
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