REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Willem Bos • COMPASS
$ 2,575,000
Est. payment /mo
New
1142 McKinley Ave Oakland, CA 94610
10,486 SqFt
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
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Get More Information
Quick Search
- San Francisco, CA
- Oakland, CA
- Berkeley, CA
- San Jose, CA
- Concord, CA
- Fremont, CA
- Daly City, CA
- San Ramon, CA
- Hercules, CA
- Vallejo, CA
- Benicia, CA
- Fairfield, CA
- Richmond, CA
- Alameda, CA
- Hayward, CA
- Pleasanton, CA
- Livermore, CA
- Dublin, CA
- San Leandro, CA
- Vacaville, CA
- Walnut Creek, CA
- Castro Valley, CA
- Napa, CA
- American Canyon , CA