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Macarthur Terrace at Adams Point 273 Macarthur Blvd 20 Unit Apartment Building $3,000,000 ($150,000/Unit) 9.15% Cap Rate Oakland, CA 94610
EXECUTIVE SUMMARY
Located in the vibrant and sought-after neighborhood of Adams Point, the property offers an outstanding investment opportunity with a spacious 20-unit apartment building. This centrally located property features 5 generously sized 2bd/1ba units and 15 1bd/1ba, each providing ample space for tenants to comfortably settle in. The property has been retrofitted with moment frames and is listed as compliant on the City of Oakland’s soft story inventory list. Most of the vacant units require minor cosmetic and cleanup work to get them rent ready. However, they still offer the potential for interior upgrades, if the new owner chooses to do so.
The property is situated in a prime location, benefiting from proximity to local amenities, public transportation, and major highways, ensuring strong tenant demand. Whether you’re a seasoned investor or a first-time buyer, this property offers an excellent foundation for long-term growth and value creation.
By modernizing the interiors, and doing some minor exterior work, there is potential to increase market rents substantially, making this an ideal opportunity for investors looking to maximize returns. Don’t miss out on this exceptional chance to acquire a well-located, income-generating asset in Adams Point.
Reach out to listing brokers for more information.
The property is situated in a prime location, benefiting from proximity to local amenities, public transportation, and major highways, ensuring strong tenant demand. Whether you’re a seasoned investor or a first-time buyer, this property offers an excellent foundation for long-term growth and value creation.
By modernizing the interiors, and doing some minor exterior work, there is potential to increase market rents substantially, making this an ideal opportunity for investors looking to maximize returns. Don’t miss out on this exceptional chance to acquire a well-located, income-generating asset in Adams Point.
Reach out to listing brokers for more information.
PROPERTY FACTS
| Price | $3,000,000 | Property Subtype | Apartment |
| Price Per Unit | $150,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.15% | Lot Size | 0.23 AC |
| Sale Condition | Short Sale | Building Size | 13,851 SF |
| Gross Rent Multiplier | 6.36 | No. Stories | 3 |
| No. Units | 20 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 0.85/1,000 SF |
| Zoning | R-70, Oakland | ||
| Price | $3,000,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 9.15% |
| Sale Condition | Short Sale |
| Gross Rent Multiplier | 6.36 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 13,851 SF |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | R-70, Oakland |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Gated
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 650 |
| 2+1 | 5 | - | 1,000 |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 010-0785-006-01 | Improvements Assessment | $2,253,742 |
| Land Assessment | $836,268 | Total Assessment | $3,090,010 |
PROPERTY TAXES
Parcel Number
010-0785-006-01
Land Assessment
$836,268
Improvements Assessment
$2,253,742
Total Assessment
$3,090,010
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Macarthur Terrace at Adams Point | 273 Macarthur Blvd
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