8016 MacArthur Blvd - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$895,000 USD
510-822-1331
8016 MacArthur Blvd, Oakland, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/26
null | 12.49% Cap Rate

8016 MacArthur Blvd
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • 6-unit Mixed-Use Investment with Four Residential Units and Two Retail Units
  • Attractive Unit Mix of One 4bd/2bth Unit, Two 3bd/1bth Units, Two 2bd/1bth Units, and One Studio Unit
  • Updated Units with Newer Kitchens, Bathrooms, Flooring, Custom Fixtures, and Double Pane Windows
  • Attractive Oakland Location Near Mills College with Easy Access to Downtown Oakland, San Leandro, HWY580, HWY880 and BART
  • Stable Tenants with Strong Current Income, Separately Metered for Gas and Electric, with Low Annual Operating Expenses
  • Current Cap Rate: 12.49%, Current GRM 5.7

OVERVIEW

6-unit mixed-use building with excellent current income and a market-leading cap rate. The property offers two retail units in the front building and four residential units in the rear building. The property was built in 1938, offers 4,225 square feet of rental space, and sits on an oversized 9,998 square foot lot with a huge backyard and ample parking. The front retail units have two tenants but can be delivered vacant at closing. The rear building offers one 4bd/2bth unit, one 3bd/1bth unit, and two 2bd/1bth units. The 4bd/2bth unit is currently vacant and situated on the top, left side of the property. The backyard is huge and offers the potential for expansion or ADU development. The units are large and offer a variety of upgrades including newer kitchens and bathrooms, double pane windows, a newer roof, newer flooring, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The tenants are nice, cooperative, and easy to manage making this an ideal property for an investor seeking max income or an owner-occupant seeking a variety of options with unbeatable cash flow to offset the mortgage. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

6

PRICE/UNIT

$149,167

CAP RATE

12.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Investment with 12.49% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,880 SF

ZONING

-

APN/PARCEL ID

040A-3422-015-00

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

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