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Assumable Financing 3.4% Until 2030 | Oakland 1478 MacArthur Blvd 6 Unit Apartment Building $1,495,000 ($249,167/Unit) 6.80% Cap Rate Oakland, CA 94602
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
| Price | $1,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $249,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.80% | Building Size | 5,822 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment |
| Price | $1,495,000 |
| Price Per Unit | $249,167 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,822 SF |
| No. Stories | 3 |
| Year Built | 1925 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
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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