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1142 Mckinley Ave

Oakland, CA 94610
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Bed --

Bed

Bath 0

Bath

SqFt4,570

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,575,000

AD Id : 88377232

MLS Id : 41142132

Lot Size : 4,570 Sqft

Year Built : 1929

County : Alameda

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: SeeRemarks Has Cooling: Yes Cooling: SeeRemarks

  • Building Information

    Year Built: 1929
    Construction Materials: Stucco
    Private Pool: No

  • Lot Information

    Main Square Feet: 4570 Lot Size Acres: 0.1049 Lot Size Square Feet: 4,570

    Property Information

    Subdivision: IVY HILL Source Property Type: ResidentialIncome Property SubType: Apartment Property Age: 97

  • Listing Price Information

    Listing Price: $2575000

  • Tax Information

    Parcel Number: 2340315

  • Parking Information

    Parking Total: 9

  • Location Information

    Direction: Cross Street: Home Place W.
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/26/2026 @ 15:44

MLS: 41142132 LISTED BY: Willem Bos, COMPASS 415-660-9955 SOURCE: CRMLS

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