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$2,575,000

For Sale

13 hours ago

1142 Mckinley Ave, Oakland, CA

Condo

MLS® 41142132

0 Bed

0 Bath

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9 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1929
MLS® Number 41142132

Property Address: 1142 Mckinley Ave, Oakland, CA, 94610

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number41142132
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1929
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatSee Remarks
A/CSee Remarks

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 18, 2026List Date
$2,575,000List Price
  • Commute

Commute

Starting Address
Destination Address
1142 Mckinley Ave, Oakland, CA

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