8016 MacArthur Blvd - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$1,150,000 USD
510-822-1331
8016 MacArthur Blvd, Oakland, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/26
null | 9.5% Cap Rate

8016 MacArthur Blvd
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • 6-unit Apartment Complex with 9.5% Cap Rate and 7.37 GRM
  • Attractive Unit Mix of One 4bd/2bth Unit, Two 3bd/1bth Units, Two 2bd/1bth Units, and One Studio Unit
  • Stable Tenants with Strong Current Income, Separately Metered for Gas and Electric, with Low Annual Operating Expenses
  • 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

OVERVIEW

6-unit apartment complex with excellent current income and an attractive unit mix of one 4bd/2bth unit, two 3bd/1bth units, two 2bd/1bth units, and one studio unit. The current cap rate is 9.5% and the current GRM is 7.37. 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 plenty of parking. 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 tenants are all very nice and easy to manage with rents close to market rates. The property has very little deferred maintenance and is separately metered for water and PG&E providing for low annual operating expenses. This is a perfect opportunity for an investor to acquire a turn-key property in a rapidly improving neighborhood with excellent long-term potential. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

9.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Units with 9.5% Cap Rate and 7.37 GRM

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,998 SF

ZONING

-

APN/PARCEL ID

-

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.