1251 MacArthur Blvd - Apartments FOR SALE


Oakland, CA 94610- Lynn
$1,250,000 USD
510-822-1331
1251 MacArthur Blvd, Oakland, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/30
null | 6.91% Cap Rate

1251 MacArthur Blvd
Oakland, CA 94610
Lynn


HIGHLIGHTS

  • 4-unit Apartment Complex Spread Across Two Buildings with Excellent Current Cash Flow
  • Great Unit Mix Featuring One 3bd/2bth Unit and Three 2bd/1bth Units with Ample Parking
  • Fully Remodeled Units with New Kitchens and Bathrooms, Granite Counters, Stainless Steel Appliances,
  • Easy to Manage Property - Separately Metered for Electric and Gas with Low Annual Operating Expenses
  • 100% Occupied with Stable Tenants and No Recent Vacancies Providing Stable Income
  • High Demand Rental Location Near Grand Lake Shopping District, Lake Merritt, and HWY 580

OVERVIEW

4-unit apartment complex with excellent cash flow in a high demand rental location. The property is 100% occupied and offers an ideal unit mix of one 3bd/2bth unit and three 2bd/1bth units.  The property was originally built in 1915, offers approximately 4,236 square feet of rental space, and sits on a 5,200 square foot lot with ample room for parking.  The units have been fully remodeled and offer new kitchens and bathrooms with new cabinets, stainless steel appliances, custom tile, wood floors, double pane windows, new paint, new lighting, and more. There are two separate buildings with a unique layout providing maximum space and privacy where each unit feels like it's own separate home.  The two back units offer two levels and a nice townhome feel with bedrooms on the second level.  The property is easy to manage and separately metered for PG&E providing for low annual operating expenses.  The exterior and interior are in great condition with little deferred maintenance resulting in an attractive turn-key investment. The property is close to Lake Merritt with easy access to HWY 580 and the Grand Lake, Lower Dimond, and Laurel shopping districts. There are countless restaurants and coffee shops nearby with easy access to Downtown Oakland. BART, and other forms of public transportation. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR FOR A PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

6.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huge Remodeled Fourplex Near Lake Merritt

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,201 SF

ZONING

-

APN/PARCEL ID

023-0481-015-00

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.