2622 Kingsland Ave, Oakland, California 94619, Oakland, - bed, bath
ACTIVE$1,029,000
2622 Kingsland Ave, Oakland, California 94619
0Bed
0Bath
Sqft
3,246Lot
Year Built
1923
Close
-
List price
$1.03M
Original List price
$1.03M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41107165
Home ConditionGood
Features
View-
About this home
MAJOR PRICE REDUCTION — $1,029,000! Updated Maxwell Park 4-plex producing $6,785/mo ($81,420 annually) with a strong 6.26% cap rate. Two 2BD/1BA flats and two 1BD/1BA units, all with updated kitchens, dual-pane windows, and laminate flooring. Two units include in-unit laundry. System upgrades include newer roof, updated plumbing and electrical. Tenants pay PG&E; owner pays water/garbage. Off-street parking included. Low-maintenance, cash-flowing property ideal for investors or owner-occupants. Prime location near Mills College with easy access to 580 & 880. SEE 3D FLOOR PLAN UNDER DOCS. Please do not disturb tenants.
Nearby schools
2/10
Horace Mann Elementary School
Public,•K-5•0.4mi
2/10
Allendale Elementary School
Public,•K-5•1.0mi
3/10
Laurel Elementary School
Public,•K-5•1.2mi
2/10
Frick Middle School
Public,•6-8•0.7mi
2/10
Bret Harte Middle School
Public,•6-9•1.8mi
2/10
Fremont High
Public,•9-12•0.7mi
4/10
Skyline High School
Public,•9-12•2.3mi
2/10
Oakland International High School
Public,•9-12•5.3mi
Price History
Date
Event
Price
08/05/25
Listing
$1,029,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 3,246 | 6,413 | 13% |
| Price | $1.03M | $799K | 88% |
| Price per square foot | $0 | $0 | |
| Built year | 1923 | 9705973 | 25% |
| HOA | |||
| Days on market | 93 | 147 | 38% |
Condition Rating
Good
Despite being built in 1923, the property has undergone significant updates, including updated kitchens, dual-pane windows, laminate flooring, a newer roof, and updated plumbing and electrical systems, making it move-in ready. The kitchens feature relatively modern cabinets and functional appliances, though some units show basic white appliances and one has dated tile countertops. Bathrooms are clean and functional with basic vanities and fixtures. While not a high-end renovation, the property is well-maintained and requires no immediate repairs, aligning with a 'Good' condition score.
Pros & Cons
Pros
Strong Cash Flow & Cap Rate: The 4-plex generates $6,785/month ($81,420 annually) with a robust 6.26% cap rate, indicating a solid return on investment.
Extensive Recent Upgrades: Units feature updated kitchens, dual-pane windows, and laminate flooring. System upgrades include a newer roof, updated plumbing, and electrical, reducing immediate capital expenditures.
Multi-Unit Configuration: As a quadruplex with two 2BD/1BA and two 1BD/1BA units, it offers diversified income streams and flexibility for investors or owner-occupants.
Prime Location & Accessibility: Located in Maxwell Park, near Mills College, with convenient access to major freeways (580 & 880), enhancing tenant appeal and potential appreciation.
Valuable Amenities: Includes off-street parking and in-unit laundry in two units, which are highly desirable features for tenants in urban settings.
Cons
Age of Building: Constructed in 1923, the property, despite updates, may still present potential for higher long-term maintenance costs or unforeseen issues associated with older structures.
Owner-Paid Utilities: The owner is responsible for water and garbage expenses, which represents a recurring operational cost that reduces the net operating income.
Lower-Rated Local Schools: Several nearby public schools have lower ratings (e.g., 2/10), which could be a deterrent for families prioritizing school quality and potentially impact long-term desirability for some demographics.