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St. Croix Apartments 1142 McKinley Ave 13 Unit Apartment Building $3,609,970 CAD ($277,690 CAD/Unit) 7.04% Cap Rate Oakland, CA 94610
Investment Highlights
- Strong Day 1 Cash Flow
- On-Site Laundry
- Secured Parking
Executive Summary
1142 McKinley Avenue, a well-maintained 13-unit multifamily investment opportunity located in Oakland's highly desirable Cleveland Heights neighborhood. This classic 1929 Mediterranean-style building offers an attractive unit mix of twelve one-bedroom/one-bath apartments and two studio apartments, providing a diverse tenant base in one of Oakland's strongest rental markets. The property generates strong in-place income while still offering approximately 11.6% rental upside through natural turnover, creating an excellent opportunity for both immediate cash flow and long-term value appreciation. Current financials reflect an attractive 7.04% CAP rate and 8.13 GRM at the asking price.
Property Facts
| Price | $3,609,970 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $277,690 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.04% | Building Size | 10,486 SF |
| Gross Rent Multiplier | 8.13 | Average Occupancy | 95% |
| No. Units | 13 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 2.31/1,000 SF |
| Zoning | R-50, Oakland | ||
| Price | $3,609,970 CAD |
| Price Per Unit | $277,690 CAD |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| Gross Rent Multiplier | 8.13 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 10,486 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built | 1929 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | R-50, Oakland |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 400 |
| 1+1 | 12 | - | 750 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 023-0403-015-00 | Improvements Assessment | $1,754,733 CAD |
| Land Assessment | $752,884 CAD | Total Assessment | $2,507,617 CAD |
Property Taxes
Parcel Number
023-0403-015-00
Land Assessment
$752,884 CAD
Improvements Assessment
$1,754,733 CAD
Total Assessment
$2,507,617 CAD
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St. Croix Apartments | 1142 McKinley Ave
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