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Listed by Michael Hyles • Re/Max 1st Choice
$ 1,165,000
Est. payment /mo
Active
2622 Kingsland Ave Oakland, CA 94619
3,246 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41098034
Year Built 1923
Lot Size 3,246 Sqft
Property Sub-Type Quadruplex
Property Description
Major Price Improvement - Turnkey 4-Plex in Prime Maxwell Park! Fully rebuilt , this beautifully upgraded fourplex in Oakland's sought-after Maxwell Park offers strong income, modern updates, and minimal maintenance--perfect for investors or 1031 exchange buyers. Each unit has been thoughtfully renovated with laminate flooring, updated kitchens and baths, in-unit laundry, and dual-pane windows. The layout includes two 2-bedroom flats upstairs and two spacious 1-bedroom live/work-style units downstairs. Major systems have been upgraded, including electrical, plumbing, roof, and seismic retrofitting. Tenants enjoy a newly painted exterior, private entrances, and a shared backyard space. Total scheduled income is $81,420/year, with low expenses and NOI of approximately $58,448, offering a 4.68% cap rate. Located on a quiet, tree-lined street near Mills College, the Laurel District, and easy freeway access. Reliable rental history, high tenant demand, and long-term appreciation make this a smart buy. Showings upon accepted offer. Buyer to approve condition within 72 hours. See 3D floor plan under Associated Docs.
Location
State CA
County Alameda
Zoning Comm
Interior
Heating Forced Air
Flooring Laminate
Laundry Dryer Included, Washer Included
Exterior
Parking Features Gated
Building
Lot Description Sprinklers In Rear, Back Yard
Sewer Public Sewer