Christopher Danesi at RE/MAX Accord - 925.998.7426
East Bay Condo ManiaMLS: 41109261 $995,000
Bedrooms with Baths3186 MCKILLOP RD
OAKLAND CA 94602MLS: 41109261
Status: ACTIVE
List Price: $995,000
Price per SQFT: $216
Square Footage: 4596Bedrooms
Baths
Year Built: 1965
Zip Code: 94602
Listing Remarks
www.3186mckillop.com; five unit apartment complex in a great Oakland Hills neighborhood with strong current income and excellent rental upside. The current cap rate is 7.48% and the current GRM is 9.09. 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.
Address: 3186 MCKILLOP RD OAKLAND CA 94602
Listing Agent: DAVID HOWARTH of THE PINZA GROUP, INC
Condo Mania Agent
Chris Danesi
RE/MAX Accord
DRE #01777489
Phone: 925.998.7426
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2025-08-24 LIVING AREA SQ FT: 4596 BUILDING AREA TOTAL: 4596 YEAR BUILT: 1965 FLOORING: Tile, Wood HEATING: Other COOLING: Other LOT FEATURES: Other PARKING FEATURES: Other PROPERTY TYPE: COMM RI MULTI-UNITS 5+ PROPERTY SUB TYPE: Garden Apts LISTING AGENT: DAVID HOWARTH LISTING OFFICE: THE PINZA GROUP, INC
Estimated Monthly Payments
List Price: $995,000 20% Down Payment: $199,000 Loan Amount: $796,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $5,031 Estimate does not include taxes, fees, insurance.
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Property Location: 3186 MCKILLOP RD OAKLAND CA 94602
This Listing
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Condo Mania Agent
Chris Danesi
RE/MAX Accord
DRE #01777489
Phone: 925.998.7426
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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.
Last Updated: 2025-10-14
