Property Details
About this Property
5-unit apartment complex in a great neighborhood up the Oakland Hills with strong current income and excellent rental upside. The current cap rate is 6.73% and the current GRM is 10.5. The property offers one very large two-story 3bd/2bth unit and four spacious 2bd/1bth units including one unit that will be delivered vacant at closing. The property was originally built in 1965, offers approximately 4,595 square feet of rental space, and sits on a 7,300 square foot lot with a large garage and off-street parking. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The current owner self-manages the property and has remodeled many of the units with newer kitchens, bathrooms, wood flooring, newer carpet, custom lighting, fixtures, and more. The roof was redone several years ago and the electrical and plumbing have been upgraded over time. This is a perfect opportunity for an investor to acquire a turn-key property with excellent upside around the corner from the popular Redwood Day K-8 School. The neighborhood is quiet and comprises nice single-family homes with pride of ownership.
MLS Listing Information
MLS #
MR41083062
MLS Source
Bridge MLS
Days on Site
71
Interior Features
Flooring
Other
Cooling
Other
Exterior Features
Roof
Other
Parking, School, and Other Information
Garage/Parking
Other, Garage: Car(s)
Water
Other
Complex Amenities
Other
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,295 | 3 | 0/0 | – | – | – |
| 2 | 825 | 2 | 0/0 | – | – | – |
| 3 | 825 | 2 | 0/0 | – | – | – |
| 4 | 825 | 2 | 0/0 | – | – | – |
| 5 | 825 | 2 | 0/0 | – | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Fruitvale Elementary School | public | K-5 | 0.37 mi | |
| Manzanita Community | public | K-5 | 0.45 mi | |
| Manzanita Seed | public | K-5 | 0.45 mi | |
| Glenview Elementary School | public | K-5 | 0.57 mi | |
| Sequoia Elementary School | public | K-5 | 0.62 mi | |
| Edna Brewer Middle School | public | 6-8 | 0.62 mi | |
| Bret Harte Middle School | public | 6,7,8,9 | 0.75 mi | |
| United For Success Academy | public | 6-8 | 0.86 mi | |
| Life Academy | public | 6-12 | 0.86 mi | |
| Bella Vista Elementary School | public | K-5 | 0.94 mi | |
| Crocker Highlands Elementary School | public | K-5 | 1.00 mi | |
| Oakland High School | public | 9-12 | 1.02 mi | |
| Roosevelt Middle School | public | 6-8 | 1.06 mi | |
| Allendale Elementary School | public | K-5 | 1.09 mi | |
| Urban Promise Academy | public | 6-8 | 1.11 mi | |
| Garfield Elementary School | public | K-5 | 1.12 mi | |
| Global Family School | public | K-5 | 1.28 mi | |
| Laurel Elementary School | public | K-5 | 1.33 mi | |
| Cleveland Elementary School | public | K-5 | 1.36 mi | |
| International Community School | public | K-5 | 1.38 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3186 Mckillop Rd is a Residential Income in Oakland, CA 94602. This 4,595 square foot property sits on a 7,300 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,125,000 and was built in 1965. This address can also be written as 3186 Mckillop Rd, Oakland, CA 94602.
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This listing information is up-to-date as of March 29, 2025. For the most current information, please contact David Howarth, (510) 822-1331
