13-Unit Apartment Building
1142 McKinley Avenue Oakland, CA 94610
New
1142 McKinley Avenue, Oakland, CA, 94610
$2,575,000
For Sale
$2,575,000
Well-maintained 13-unit multifamily property with a unit mix of one-bed and studio apartments.
Property Size10,486 SF
Lot Size0.10 Acres
Price / SF$245.57
Days on Market6
Property Features for 1142 McKinley Avenue
General Information
- Standard status
- Active
- Size
- 10,486 SF
- Lot size
- 0.10 Acres
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 1929
Listing agency
Compass
(916) 698-9954
Listed by
Willem Bos · License #02013980
(916) 698-9954
Source
Compass
Added: Jul 16 Updated: Jul 21 at 3:15AM Checked: Jul 21 at 3:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
1142 McKinley Avenue is a well-maintained 13-unit multifamily property featuring a 1929 Mediterranean-style building. The unit mix includes twelve one-bedroom, one-bath apartments and two studio apartments, supporting a diversified residential income profile.
The property is situated in Oakland’s Cleveland Heights area, with convenient access to nearby shopping, restaurants, cafes, and public transportation. It is also described as being just blocks from Lake Merritt, Grand Lake, and Lakeshore Avenue, providing residents with walkable access to neighborhood amenities.
The building is reported to include approximately 10,486 square feet on a 4,570-square-foot lot. Buyer to verify all information independently.
The property is situated in Oakland’s Cleveland Heights area, with convenient access to nearby shopping, restaurants, cafes, and public transportation. It is also described as being just blocks from Lake Merritt, Grand Lake, and Lakeshore Avenue, providing residents with walkable access to neighborhood amenities.
The building is reported to include approximately 10,486 square feet on a 4,570-square-foot lot. Buyer to verify all information independently.
Key Highlights
- 13‑unit multifamily building built in 1929, well‑maintained
- Unit mix: twelve 1‑bedroom/1‑bath apartments and two studio apartments
- Approx. 10,400 SF building area on a 4,570 SF lot
Local Financial Insights For Apartment 5plus
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 | $421.5k | $40.20 |
| − Vacancy | −$19.0k | −$1.81 |
| EGI | $402.6k | $38.39 |
| − OpEx | −$181.2k | −$17.28 |
| NOI | $221.4k | $21.12 |
10,486 SF · lease $40.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.16M
$2.77M – $3.69M
NOI $221,412 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.43M
$3.00M – $4.01M
NOI $240,316 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 13-unit multifamily property with a unit mix of one-bed and studio apartments.
Where is this apartment building located?
The property is located at 1142 McKinley Avenue Oakland, CA.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: 13‑unit multifamily building built in 1929, well‑maintained; Unit mix: twelve 1‑bedroom/1‑bath apartments and two studio apartments; Approx. 10,400 SF building area on a 4,570 SF lot
