3701 Maybelle Ave - Apartments FOR SALE


Oakland, CA 94619
$1,950,000 USD
707-363-2463
3701 Maybelle Ave, Oakland, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/37
null | 6.63% Cap Rate

3701 Maybelle Ave
Oakland, CA 94619


HIGHLIGHTS

  • Well-balanced unit mix, including five spacious 2bd/1ba units, one 2bd/1.5ba unit, one 3bd/2ba unit, and one 3bd/1.5ba unit
  • Ample parking is provided with six surface spaces plus four secured garage spots
  • Tenants benefit from additional storage lockers, an on-site laundry facility, and a secure mail room
  • Improvements include energy-efficient vinyl windows and a partial roof replacement
  • Strong in-place cash flow with significant rental upside, offering a potential 20%+ increase in income
  • Desirable Redwood Heights location, just two blocks from MacArthur Blvd offering endless dining and retail options

OVERVIEW

The Mitchell Warren Team is pleased to present 3701 Maybelle Ave, a well-maintained 8-unit multi-family property located in the sought-after Redwood Heights neighborhood of Oakland. This building presents a fantastic investment opportunity, offering a diverse mix of large 2-bedroom and 3-bedroom units. The property consists of five 2-bedroom, 1-bath units; one 2-bedroom, 1.5-bath unit; one 3-bedroom, 2-bath unit; and one 3-bedroom, 1.5-bath unit. The property also includes generous parking options, including a large parking area in the rear and four garage spaces, ensuring convenience for tenants. Additional amenities include on-site storage, a secure mailroom, and a shared laundry area. This is a rare opportunity to acquire a well-located turnkey asset with excellent day-1 cash flow. Nestled in the highly sought-after Redwood Heights neighborhood, this property enjoys a prime location with easy access to local parks, top-rated schools, shopping centers, and major transportation routes, including Highways 13 and 580. The area is renowned for its peaceful, residential ambiance, offering a suburban feel while remaining well-connected to the best amenities in the East Bay. Just steps away from the vibrant Laurel District, residents can enjoy a variety of trendy restaurants, cafes, and shops, providing everyday convenience and a lively atmosphere. The property is also ideally situated just 0.8 miles from Northeastern University and under a 10-minute drive to Merritt College, making it a great location for students and faculty alike.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

8

PRICE/UNIT

$243,750

CAP RATE

6.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1,100+ Square Foot Avg Unit Size

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,359 SF

ZONING

N/Av Alameda

APN/PARCEL ID

030-1929-005-02

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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