2024-2028 Macarthur Blvd - Storefront FOR SALE


Oakland, CA 94602- Lower Hills District
$1,250,000 USD
510-822-1331
2024-2028 Macarthur Blvd, Oakland, CA for Sale
$1,250,000 USD
Storefront - FOR SALE
1/34
null | 6.87% Cap Rate

2024-2028 Macarthur Blvd
Oakland, CA 94602
Lower Hills District


HIGHLIGHTS

  • Showing: Wednesday 4/23 2:00-3:00pm
  • 5-unit Mixed-Use Investment Offering Three Retail Units, One 2bd/1bth Unit and One 1bd/1bth Unit
  • Popular Dimond District Retail Location Near Many Restaurants, Coffee Shops, and One Block from Dimond Park
  • 100% Occupied with Strong Current Income and Excellent Rental Upside
  • Easy to Manage Property, Separately Metered for PG&E, with Low Annual Operating Expenses
  • Turn-key Property with No Deferred Maintenance

OVERVIEW

5-unit mixed-use investment located in the popular Dimond District with strong current income and excellent rent upside. The unit mix offers three large retail units in the front building and a 2bd/1bth unit and 1bd/1bth unit in the rear building. The property was originally built in 1921, offers approximately 4,710 square feet of rental space, and sits on a large 8,125 square foot lot with enclosed parking for all tenants in the rear. The property is 100% tenant-occupied, easy to manage, and 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 a perfect opportunity for an owner-user or investor to acquire a rare investment in one of Oakland's most popular neighborhoods with excellent long-term potential. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE DETAILING ALL INCOME AND EXPENSES.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

6.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Showing: Wednesday 4/23 2:00-3:00pm

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

029A-1301-019-02

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 Policy.