3186 Mckillop Rd, Oakland, CA 94602 - Berkshire Hathaway HomeServices California Properties
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3186 Mckillop Rd, Oakland, CA 94602

$1,125,000 Approx. USD 0 beds, 0 baths

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Listing Agent


David Howarth | david@pinzagroup.com
Lic#: 01360348
Broker: Courtesy of The Pinza Group, Inc

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41083062
List price is $1,125,000 Reduced by $25,000 on 3/28/2025
Price: $1,125,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1965
0.17 acres
Lot size: 0.1676
County: Alameda
Construction: See Remarks
Heating/cooling: See Remarks
Heating description: See Remarks

Last Updated: 4/4/2025

 Days On Market (DOM): 99

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Lat/Long: 37.797616, -122.220302.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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