1142 McKinley Ave - Apartments FOR SALE


Oakland, CA 94610- Cleveland Heights
$2,575,000 USD
916-698-9954
1142 McKinley Ave, Oakland, CA for Sale
$2,575,000 USD
Apartments - FOR SALE
1/8
null | 7.08% Cap Rate

1142 McKinley Ave
Oakland, CA 94610
Cleveland Heights


HIGHLIGHTS

  • Strong Day 1 Cash Flow
  • Secured Parking
  • On-Site Laundry

OVERVIEW

1142 McKinley Avenue, a well-maintained 13-unit multifamily investment opportunity located in Oakland's highly desirable Cleveland Heights neighborhood. This classic 1929 Mediterranean-style building offers an attractive unit mix of twelve one-bedroom/one-bath apartments and two studio apartments, providing a diverse tenant base in one of Oakland's strongest rental markets. The property generates strong in-place income while still offering approximately 16% rental upside through natural turnover, creating an excellent opportunity for both immediate cash flow and long-term value appreciation. Current financials reflect an attractive 7.08% CAP rate and 8.11 GRM at the asking price.

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

13

PRICE/UNIT

$198,077

CAP RATE

7.08%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. Croix Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,574 SF

ZONING

R-50, Oakland

APN/PARCEL ID

023-0403-015-00

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

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Willem BosCompass CommercialMore Info
916-698-9954

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