Log In/Sign Up
Your email has been sent.
Huge Remodeled Fourplex Near Lake Merritt 1251 MacArthur Blvd 4 Unit Apartment Building $1,250,000 ($312,500/Unit) 6.91% Cap Rate Oakland, CA 94610
Investment Highlights
- 4-unit Apartment Complex Spread Across Two Buildings with Excellent Current Cash Flow
- Fully Remodeled Units with New Kitchens and Bathrooms, Granite Counters, Stainless Steel Appliances,
- 100% Occupied with Stable Tenants and No Recent Vacancies Providing Stable Income
- Great Unit Mix Featuring One 3bd/2bth Unit and Three 2bd/1bth Units with Ample Parking
- Easy to Manage Property - Separately Metered for Electric and Gas with Low Annual Operating Expenses
- High Demand Rental Location Near Grand Lake Shopping District, Lake Merritt, and HWY 580
Executive Summary
4-unit apartment complex with excellent cash flow in a high demand rental location. The property is 100% occupied and offers an ideal unit mix of one 3bd/2bth unit and three 2bd/1bth units. The property was originally built in 1915, offers approximately 4,236 square feet of rental space, and sits on a 5,200 square foot lot with ample room for parking. The units have been fully remodeled and offer new kitchens and bathrooms with new cabinets, stainless steel appliances, custom tile, wood floors, double pane windows, new paint, new lighting, and more. There are two separate buildings with a unique layout providing maximum space and privacy where each unit feels like it's own separate home. The two back units offer two levels and a nice townhome feel with bedrooms on the second level. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with little deferred maintenance resulting in an attractive turn-key investment. The property is close to Lake Merritt with easy access to HWY 580 and the Grand Lake, Lower Dimond, and Laurel shopping districts. There are countless restaurants and coffee shops nearby with easy access to Downtown Oakland. BART, and other forms of public transportation.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR FOR A PRIVATE SHOWING.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR FOR A PRIVATE SHOWING.
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $312,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,236 SF |
| Cap Rate | 6.91% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.42 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1915 |
| Property Type | Multifamily | Parking Ratio | 0.94/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,250,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| Gross Rent Multiplier | 10.42 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,236 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1915 |
| Parking Ratio | 0.94/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,236 |
| 2+1 | 3 | - | 1,000 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 023-0481-015-00 | Improvements Assessment | $538,410 |
| Land Assessment | $230,747 | Total Assessment | $769,157 |
Property Taxes
Parcel Number
023-0481-015-00
Land Assessment
$230,747
Improvements Assessment
$538,410
Total Assessment
$769,157
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Huge Remodeled Fourplex Near Lake Merritt | 1251 MacArthur Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.