Maxwell Park Fourplex with Income
For Sale
$975,000
Pending
2622 Kingsland Ave, Oakland, CA 94619
MULTI_FAMILY - Oakland, CA
Property Size3,300 SF
Lot Size0.07 Acres
Days on Market171
Property Features for 2622 Kingsland Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Comm
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 4
Interior features
Updated Baths, Updated Kitchen, Tub w/Shower Over
Exterior features
Back Yard, Storage, Garden, Landscape Back, Yard Space, Lawn Sprinkler
Fencing
Fenced
Appliances
Dishwasher, Disposal, Dryer, Washer, Gas Water Heater
Subdivision
Maxwell Park
Lot features
Back Yard, Garden, Landscaped, Sprinklers In Rear
Standard status
Pending
APN
3624795
Size
3,300 SF
Lot size
0.07 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s)
Building Details
Year built
1923
Number of units
4
Flooring type
Laminate
Building materials
Stucco
Additional Structures
Storage
Listing Agency:
Re/Max 1st Choice · RE/MAX International
(925) 847-3800
Listed By:
Michael Hyles · License #1112198
(510) 435-0000
Added: Feb 9
Changed: Jul 29
Last Checked: Jul 30 at 1:06PM
MLS# 41123435
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Maxwell Park fourplex presents a significant income opportunity. The property features two 2-bedroom, 1-bathroom flats and two 1-bedroom, 1-bathroom units. All units have updated kitchens, dual-pane windows, and laminate flooring. In-unit laundry is available in two of the units. Recent capital improvements include a newer roof and updated plumbing and electrical systems. One of the 2-bedroom, 1-bathroom units is vacant and professionally staged, offering immediate rental upside for an owner-occupant or investor. Projected market rents are approximately $1,795, $1,500, $2,500, and $2,500 when fully occupied. Tenants are responsible for PG&E, while the owner covers water and garbage expenses. Off-street parking is included. The property is located in the desirable Maxwell Park neighborhood, near Mills College, with convenient access to Highways 580 and 880. The property size is 3,300 square feet and the lot size is 0.0745 acres.
Key Highlights
- Maxwell Park 4‑plex with 2x 2BD/1BA and 2x 1BD/1BA units; one 2BD/1BA unit is vacant and ready to view.
- Projected market rents approx. $1,795, $1,500, $2,500, and $2,500 when fully occupied.
- Updates include updated kitchens and updated baths, dual‑pane windows, and durable laminate flooring throughout.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.9k | $34.20 |
| − Vacancy | −$4.8k | −$1.46 |
| EGI | $108.0k | $32.74 |
| − OpEx | −$32.4k | −$9.82 |
| NOI | $75.6k | $22.92 |
3,300 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$945.4K – $1.26M
NOI $75,629 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$995.4K
$871.0K – $1.16M
NOI $69,680 @ 7.0% cap · market cap 7.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 94619, CA
24,867
Population
10,348
Households
2.4
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
8.3 sq mi
ZIP Area
2,996
Density / Sq Mi
$129,879
Median Household Income
$65,351
Median Earnings
$2,131
Median Rent
$997,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Oakland fourplex with updated units and strong income potential.
Where is this quadplex located?
The property is located at 2622 Kingsland Ave Oakland, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Maxwell Park 4‑plex with 2x 2BD/1BA and 2x 1BD/1BA units; one 2BD/1BA unit is vacant and ready to view.; Projected market rents approx. $1,795, $1,500, $2,500, and $2,500 when fully occupied.; Updates include updated kitchens and updated baths, dual‑pane windows, and durable laminate flooring throughout.
