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 | 10.11% Cap Rate

8016 MacArthur Blvd
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • 6-unit Mixed-Use Investment - 100% Occupied with Great Tenants
  • Four Residential Units and Two Retail Units with Excellent Cash Flow
  • Attractive Unit Mix of One 4bd/2bth Unit, Two 3bd/1bth Units, Two 2bd/1bth Units, and One Studio Unit
  • Attractive Oakland Location Near Mills College with Easy Access to Downtown Oakland, San Leandro, HWY580, HWY880 and BART
  • Updated Units with Newer Kitchens, Bathrooms, Flooring, Custom Fixtures, and Double Pane Windows

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 property is 100% occupied and all tenants are current on rent. The retail units include one 3bd/1bth unit and one studio/1bth unit. The tenant in the studio unit has a lease for $1,500 but is currently the property manager and handyman for the owner so he is receiving free rent. The rear building offers one 4bd/2bth unit, one 3bd/1bth unit, and two 2bd/1bth units. The backyard is HUGE and offers a few additional structures that can be used for storage, office space, or possible future ADUs. 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 cash flow. This is one of the best blocks in East Oakland and rents fast when there are vacancies. ***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

10.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Units Mixed-Use - 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.