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Assumable Financing 3.4% Until 2030 | Oakland 1478 MacArthur Blvd 5,822 SF 100% Leased Retail Building Oakland, CA 94602 $1,495,000 ($256.78/SF) 6.80% Cap Rate
Investment Highlights
- Assumable Financing 3.4% Until 2030
- (5) Two Bedroom One Bathroom Units | (1) One Bedroom One Bathroom Unit | (2) Commercial Loft Units w/ Full Kitchens & Bathrooms
- On-Site Laundry Facility (Additional Income)
- Mixed-Use Building with 8 Units
- Individually Metered for Gas and Electric
- Nearby Access to I-580, Highway 24, and I-880
Executive Summary
Qualified investors are extended the opportunity to acquire 1478 MacArthur Blvd located in Oakland, CA. This well-maintained apartment community was built in 1925 and includes 5 two bedrooms / one bathroom units, 1 one bedroom one bathroom units, and 2 Large Commercial Units with full kitchens and bathrooms. Recent Capital improvements include completion of the seismic retrofit for the soft story. An attractive assumable financing opportunity at 3.4% is available through 2030. Each unit is individually metered for gas and electric.
Please DO NOT DISTURB occupants.
Virtual Tours:
• 1478: https://my.matterport.com/show/?m=nm89qd4WgX5
• 1478 Unit 3: https://my.matterport.com/show/?m=D3jwsgAq3wB
OFFERS: Offers will be reviewed upon receipt.
View Disclosures or Submit Offer Here: https://app.disclosures.io/link/1478-MacArthur-Boulevard-dz1o96ht
Please DO NOT DISTURB occupants.
Virtual Tours:
• 1478: https://my.matterport.com/show/?m=nm89qd4WgX5
• 1478 Unit 3: https://my.matterport.com/show/?m=D3jwsgAq3wB
OFFERS: Offers will be reviewed upon receipt.
View Disclosures or Submit Offer Here: https://app.disclosures.io/link/1478-MacArthur-Boulevard-dz1o96ht
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,822 SF
Building Class
C
Year Built
1925
Price
$1,495,000
Price Per SF
$256.78
Cap Rate
6.80%
NOI
$101,660
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.53
Lot Size
0.09 AC
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 023-0488-033-01 | Improvements Assessment | $830,000 |
| Land Assessment | $450,000 | Total Assessment | $1,280,000 |
Property Taxes
Parcel Number
023-0488-033-01
Land Assessment
$450,000
Improvements Assessment
$830,000
Total Assessment
$1,280,000
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