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Listed by David Howarth • The Pinza Group, Inc
$ 995,000
Est. payment /mo
New
8016 Macarthur Blvd Oakland, CA 94605
9 Beds
5 Baths
4,225 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,225 sqft
Price per Sqft $235
MLS Listing ID EB41104844
Bedrooms 9
Year Built 1938
Lot Size 9,998 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
6-unit apartment complex with excellent current income and a market-leading cap rate over 10%. The current cap rate is 10.64% and the current GRM is 6.53. The property is 100% occupied and offers an attractive unit mix of one 4bd/2bth unit, two 3bd/1bth units, two 2bd/1bth units, and one studio unit. 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 nice backyard area and ample parking. The property offers two mixed-use units in the front and four residential units in the back. 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 exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is an attractive Oakland location near Mills College and a variety of restaurants and shopping options with easy access to Downtown Oakland, BART, HWY880 and HWY580.
Location
State CA
County Alameda
Area Oakland Zip Code 94605
Interior
Cooling Other
Flooring Other
Exterior
Parking Features Other
Garage Spaces 6.0
Roof Type Other
Building
Lot Description Other
Sewer Sewer - Public
Water Public
Others
Tax ID 40A-342-215
Special Listing Condition New, Not Applicable
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