7975-8005 MacArthur Blvd - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$4,240,000 USD
510-433-5816
7975-8005 MacArthur Blvd, Oakland, CA for Sale
$4,240,000 USD
Apartments - FOR SALE
1/3
null | 11.54% Cap Rate

7975-8005 MacArthur Blvd
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • 11.54% Stabilized Cap Rate
  • Massive Discount To Replacement Cost
  • Exceptional Unit Mix With a Strong Concentration of Studios, 1-Bedroom, 2-Bedroom Units
  • Amenities Include Controlled Access & On-Site Parking
  • Professionally Managed Asset
  • Strategically Located Workforce Housing Opportunity

OVERVIEW

***CALL FOR OFFERS - THURSDAY JUNE 26 BY 5PM*** 7975-8005 MacArthur Blvd comprises of 53 units presenting a unique and strategic opportunity for an investor to rapidly establish a substantial presence in Oakland. The asset offers investors a reliable and consistent revenue stream, driven by the growing demand for affordable housing in the East Oakland market. The asset benefits from exceptional connectivity to the Bay Area, with convenient access to the Coliseum BART Station, HWY 580, and close proximity to Oakland International Airport, allowing residents several transportation options and ease of access to key regions throughout the Bay. 7975-8005 MacArthur Blvd is located minutes from the historic Eastmont Town Center, a prominent shopping and social services hub. The town center features a diverse mix of anchor tenants, including CVS Pharmacy, Alameda County Social Services Agency, McDonald’s, and LifeLong Medical Care Center, providing residents with convenient access to amenities and essential services. The asset features an exceptional unit mix with a particularly strong concentration of studio and one bedroom units. The portfolio’s unit mix paired with strong demand for workforce housing ensures landlords benefit from natural turnover, minimizing loss-to-lease risks associated with the city’s stringent rent control regulations.

FOR SALE DETAILS

PRICE

$4,240,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

53

PRICE/UNIT

$80,000

CAP RATE

11.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MacArthur Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

040-3407-003-00,040-3407-004-00,040-3407-005-00,040-3407-043-00

ASK ABOUT THIS PROPERTY

Ryan RodriguezColliersMore Info
510-433-5816

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

Ryan RodriguezColliersMore Info
510-433-5816

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