3186 Mckillop Rd, Oakland, CA 94602
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Listed Price :
$1,150,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1965
Property Description
www.3186McKillop.com; Showing:Thursday 1/23 from 2:30-4:00pm. 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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
See Remarks |
Listing Information
| Address |
3186 Mckillop Rd |
| City |
Oakland |
| State |
CA |
| Zip |
94602 |
| County |
Alameda |
| Listing Agent |
David Howarth DRE #01360348 |
| Courtesy Of |
The Pinza Group, Inc |
| List Price |
$1,150,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
7,300 |
| Year Built |
1965 |
Listing information courtesy of: David Howarth, The Pinza Group, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 21st, 2025 at 4:59 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
