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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by Willem Bos • COMPASS

$2,575,000

Est. payment - /mo

10,486 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Apt Complex

Listing Status Active

Purchase Type For Sale

Square Footage 10,486 sqft

Price per Sqft $245

Subdivision Ivy Hill

MLS Listing ID 41142132

HOA Y/N No

Year Built 1929

Lot Size 4,570 Sqft

Property Sub-Type Apt Complex

Source Bridge AOR

Property Description

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 11.6% rental upside through natural turnover, creating an excellent opportunity for both immediate cash flow and long-term value appreciation. Current financials reflect an attractive 7.04% CAP rate and 8.13 GRM at the asking price. Ideally situated just blocks from Lake Merritt, Grand Lake, Lakeshore Avenue, shopping, restaurants, cafes, and public transportation, the property offers residents exceptional walkability and convenient access to Downtown Oakland, Interstate 580, Interstate 880, and Lake Merritt BART. The location continues to attract strong tenant demand due to its proximity to employment centers, recreation, and neighborhood amenities. With over 10,400 square feet of building area on a 4,570-square-foot lot, this asset presents an excellent opportunity for investors seeking stable income with future upside in one of Oakland's most desirable neighborhoods. Whether you're looking to add a high-quality East Bay apartment building to your portfolio or complete a 1031 exchange, 1142 McKinley Avenue offers an outstanding combination of location, cash flow, and long-term appreciation potential. Buyer to verify all information independently.

Location

State CA

County Alameda

Interior

Heating Other, See Remarks

Cooling Other

Flooring Hardwood, Carpet

Fireplace No

Laundry Common Area, Laundry Equip - Owned

Exterior

Handicap Access Other

Building

Lot Description See Remarks

Water Public

Others

Special Listing Condition Standard

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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1142 McKinley Ave Oakland, CA 94610

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

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