273 Macarthur Blvd - Apartments FOR SALE


Oakland, CA 94610- Adams Point
$3,000,000 USD
559-304-6134
273 Macarthur Blvd, Oakland, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/43
null | 9.15% Cap Rate

273 Macarthur Blvd
Oakland, CA 94610
Adams Point


OVERVIEW

Located in the vibrant and sought-after neighborhood of Adams Point, the property offers an outstanding investment opportunity with a spacious 20-unit apartment building. This centrally located property features 5 generously sized 2bd/1ba units and 15 1bd/1ba, each providing ample space for tenants to comfortably settle in. The property has been retrofitted with moment frames and is listed as compliant on the City of Oakland’s soft story inventory list. Most of the vacant units require minor cosmetic and cleanup work to get them rent ready. However, they still offer the potential for interior upgrades, if the new owner chooses to do so. The property is situated in a prime location, benefiting from proximity to local amenities, public transportation, and major highways, ensuring strong tenant demand. Whether you’re a seasoned investor or a first-time buyer, this property offers an excellent foundation for long-term growth and value creation. By modernizing the interiors, and doing some minor exterior work, there is potential to increase market rents substantially, making this an ideal opportunity for investors looking to maximize returns. Don’t miss out on this exceptional chance to acquire a well-located, income-generating asset in Adams Point. Reach out to listing brokers for more information.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

20

PRICE/UNIT

$150,000

CAP RATE

9.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Macarthur Terrace at Adams Point

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R-70, Oakland

APN/PARCEL ID

010-0785-006-01

ASK ABOUT THIS PROPERTY

Shivu SrinivasanTranswestern Real Estate ServicesMore Info
559-304-6134

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Shivu SrinivasanTranswestern Real Estate ServicesMore Info
559-304-6134

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