1142 Mckinley Ave, Oakland, CA 94610

Oakland
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1142 Mckinley Ave,Oakland, CA 94610
$2,575,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: willem bos
Office: compass415-660-9955
MLS#:41142132
Source:CRMLS

Price summary

  • Price:$2,575,000

About this home

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...

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Home facts

  • Year built:1929
  • Subdivision & Development:IVY HILL
  • Listing ID #:41142132
  • Added:49 day(s) ago
  • Updated:September 06, 2026 at 11:02 AM

Structure and exterior

  • Year built:1929
  • Lot area:0.1 Acres
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$2,575,000

Parking

  • Total parking spaces:9
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